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 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.

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.