Welcome to Meet the Press now.

I'm Gabe Gutierrez in Washington as the closing bell sounds on Wall Street and markets in America and around the world brace for the next phase of President Trump's trade war threats.

After steep losses earlier in the day, markets rallied to close slightly lower after the U.S. agreed to pause tariffs on Mexico, leading to

hope that a similar detente could be reached with Canada and even China before tonight's midnight

deadline. President Trump was expected to speak with Canadian Prime Minister Justin Trudeau

last hour. Earlier today, when reporters asked the president what conditions could lead

him to pause tariffs on China, his answer included annexing Canada.

I can't tell you what's going to.

You mentioned that he could agree to to change your mind on the tariffs?

Well, we can always, look, what I'd like to see, Canada become our 51st state.

As a state, it's different.

As a state, it's much different.

And there are no tariffs.

So I'd love to see that, but some people say that would be a long shot.

Over the weekend, Canadian Prime Minister, Trudeau had this stark warning for Americans

if Trump's tariffs are carried out.

I want to speak directly to Americans, our closest friends and neighbors.

This is a choice that, yes, will harm Canadians, but beyond that, it will have real consequences for you, the

American people.

As I have consistently said, tariffs against Canada will put your jobs at risk, potentially

shutting down American auto assembly plants and other manufacturing

facilities. They will raise costs for you, including food at the grocery stores and gas at the

...