President-elect Trump boasts a "productive meeting" with Canada's Prime Minister Justin Trudeau after earlier threatening tariffs on the country, China and Mexico. Why it matters: Trump earlier promised to implement tariffs immediately, triggering fears of inflation and a trade war.

Canadian Prime Minister Justin Trudeau flew to Florida and met with Donald Trump at his Mar-a-Lago club on Friday evening, less than a week after the U.S. president-elect threatened heavy tariffs on imports from North American trading partners.

Canadian Prime Minister Justin Trudeau returned home Saturday after his meeting with Donald Trump without assurances the president-elect will back away from threatened tariffs on all products from the major American trading partner.