Canada's retaliatory tariffs as a permanent policy tool are economically irrational and damaging and could harm Canada's green economy.

President Donald Trump is threatening to impose 200 percent tariffs on alcohol products from the European Union, escalating his trade war against the bloc after it announced retaliatory tariffs on the U.

Canadian officials on Wednesday announced 25% tariffs on $29.8 billion of U.S.-produced goods after the Trump administration imposed 25% tariffs on Canadian steel and aluminum sold in the United States.