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He says the US doesn't need Canada but also wants to annex it.
The US absolutely does need Canada's natural resources. The Canadian people and its sovereignty stand between him / America and that golden goose.
If you recall the colonial era, when a stronger nation wants the resources of a weaker nation, it generally does not go well for the weaker nation.
Canada needs to accelerate the process of partnering with other nations now. It is never going to win a trade war against the US alone. Reciprocal tariffs are not going to cut it. Time to diversify the customer base and then tell the Americans to pound sand when they inevitably come knocking.
Canada is already the only G7 nation that has a free trade agreement with all other G7 nations.