U.S. President-elect Donald Trump said on Saturday he had a "very productive" meeting with Canadian Prime Minister Justin Trudeau in which they discussed border-related issues and other topics including trade,

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.

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.