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.

A government official says Canada is already examining possible retaliatory tariffs on certain items from the United States should President-elect Donald Trump follow through on his threat to impose sweeping tariffs on Canadian products.