Prime Minister Justin Trudeau congratulates Trump on his victory [Video]

Prime Minister Justin Trudeau released a statement early Wednesday morning congratulating Donald Trump on winning back the U.S. presidency.

“Canada and the U.S. have the world’s most successful partnership. We are neighbours and friends, united by a shared history, common values and steadfast ties between our peoples. We are also each other’s largest trade partners and our economies are deeply intertwined,” Trudeau said.

“We look forward to working with president-elect Trump and his administration, including on issues such as trade, investment, and continental peace and security,” he said.

Trump’s victory could pose some challenges for Canada as the incoming president has promised to slap tariffs on all imports, which experts have said would shave billions of dollars off Canada’s GDP.

WATCH: Recapping the U.S. election night in 60 seconds Skipped election night results? CBC’s Ashley Fraser explains what you missed.

Trump and Trudeau have had a fractious relationship.

While Trudeau and his government successfully renegotiated NAFTAand saved Canada’s most important trade agreement from ruin, it …