President-elect Donald Trump threatened to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his effort to crack down on illegal immigration and drugs. He said he would impose a 25% tax on all products entering the country from Canada and Mexico,

Prime Minister Justin Trudeau said that if President-elect Donald Trump follows through on this threat to impose tariffs on Canadian products, he would be raising prices and hurting American businesses.

Canadian Prime Minister Justin Trudeau said Friday that Donald Trump's threat to impose stiff tariffs on Canadian imports would hurt both economies and later flew to Florida for a meeting with the president-elect.