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.

The sudden visit to Florida by the Canadian leader came days after Trump threatened to impose a 25 percent tariff on Canadian and Mexican goods.

Canadian Prime Minister Justin Trudeau visited Donald Trump's Florida resort on Friday to meet with the U.S. President-elect, days after Trump threatened to slap tariffs on Canadian imports over border-related concerns.