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.

President-elect Trump’s emphatic promise of new tariffs is sharpening the debate over how he will handle the economy. It’s likely the single most important domestic issue of his second term. Trump

Earlier this week, Trump said he would impose a 25% tariff on all goods from Mexico and Canada as soon as he takes office.

President Biden called Donald Trump’s plans to impose 25% tariffs on all goods from Mexico and Canada “counterproductive” and said it would undermine relations with two of America’s closest allies.

U.S. President Joe Biden on Thursday said he hoped President-elect Donald Trump would rethink his plan to impose tariffs on Mexico and Canada, saying it could "screw up" relationships with close allies.

President-elect Donald Trump's proposed 25% tariff on goods from Mexico and Canada would harm relations between the United States and Mexico and Canada, President Joe Biden told reporters on Thursday.

Canadian Prime Minister Justin Trudeau said Friday that U.S. President-elect Donald Trump is serious about a threat to impose stiff import tariffs on Canadian imports and warned they would hurt both economies.

Canada is seriously considering imposing its own tax on the United States if the incoming Trump administration slaps tariffs on exports from north of the border. The northern neighbor is weighing retaliatory action against the U.