Core Points - The meeting between U.S. President Trump and Canadian Prime Minister Trudeau highlighted the competitive economic relationship between the two countries, with Trump viewing Canada as an economic rival and suggesting that there are "natural conflicts" due to their proximity [1] - Trump reiterated his stance that a tariff-free agreement with Canada is unlikely, emphasizing that Americans prefer domestic products over Canadian-made goods [1] - The discussion included the U.S. "Iron Dome" missile defense system, with Trump indicating that Canada would need to pay $61 billion to join, unless it became the "51st state" of the U.S. [1] Summary by Sections Economic Relations - Trump characterized Canada as an economic competitor, stating that the close geographical relationship complicates trade dynamics [1] - He expressed a preference for American-made products, indicating a reluctance to engage in tariff-free agreements with Canada [1] Defense Cooperation - The U.S. and Canada are reportedly collaborating on the "Iron Dome" missile defense system, although specific details were not disclosed [1] - Trump mentioned a significant financial requirement for Canada to join the defense system, contrasting it with the hypothetical scenario of statehood [1] Political Reactions - Canadian officials described the meeting as "successful, positive, and substantive," but did not clarify why a tariff agreement has not been reached [1] - Ontario Premier Doug Ford expressed frustration with the U.S. side's patience, suggesting that Canada may consider retaliatory tariffs if an agreement is not reached soon [1]