Trump says terminating trade talks with Canada over tax on tech firms • FRANCE 24 English

canada’s digital services tax on foreign tech giants has sparked a fierce US backlash with Donald Trump deciding to halt all trade talks with Ottawa in a post on Truth Social the US president called Canada’s decision a direct and blatant attack on the US accusing it of copying the European country’s actions and warning of a new tariff response based on this egregious tax we are hereby terminating all discussions on trade with Canada effective immediately we will let Canada know the tariff that they will be paying to do business with the United States of America within the next 7-day period canada’s digital services tax which is set to take effect on Monday is a new levy expected to cost the largest American tech giants billions of dollars companies like Amazon Google Uber and Airbnb offering digital services and earning over $20 million in revenue from Canadian sources will be taxed 3% on the money they make from Canadian users and customers the decision comes as Canada and the US were deep in negotiation to ease Trump’s 25% tariffs on Canadian goods which within months had resulted in major economic dislocations job losses and a drop in southbound exports but the two leaders who met at the G7 in Alberta last week agreed to solve the trade dispute within 30 days the Canadian prime minister spoke to reporters assuring that despite Trump’s recent decision Canada would not back down
we’ll continue to conduct these complex negotiations in the best interest of Canadians it’s a negotiation canada remains the largest foreign supplier of steel aluminium and uranium to the US with 80% of its exports going to the states the US Treasury Secretary Scott Bessant says he would consider imposing a retroactive digital tax of two billion US dollars on Canada

President Donald Trump said Friday that he’s suspending trade talks with Canada over its plans to continue with its tax on technology firms, which he called “a direct and blatant attack on our country.” Trump, in a post on his social media network, said Canada had just informed the U.S. that it was sticking to its plan to impose the digital services tax, which applies to Canadian and foreign businesses that engage with online users in Canada. The tax is set to go into effect Monday.
#Canada #USA #tax

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21 comments

  1. Canada's card looks to be suspending the digital services tax (bills not due July 1) and put it into the mix of trade talks a la the EU …

  2. Every one should know that unless we delay it with our chip war most of the manufacturing jobs will be soon replaced by AI enabled robots but what is trump trying to achieve through his tariffs the major objective is disrupting the global trade and creating economic hardship at home only through economic hardship and sabotage attacks Americans can surrender to Lucifer's evil power so the back and forth on tarrif will be continue depending on public responses.

  3. Every one should know that unless we delay it with our chip war most of the manufacturing jobs will be soon replaced by AI enabled robots but what is trump trying to achieve through his tariffs the major objective is disrupting the global trade and creating economic hardship at home only through economic hardship and sabotage attacks Americans can surrender to Lucifer's evil power so the back and forth on tarrif will be continue depending on public responses.

  4. Every one should know that unless we delay it with our chip war most of the manufacturing jobs will be soon replaced by AI enabled robots but what is trump trying to achieve through his tariffs the major objective is disrupting the global trade and creating economic hardship at home only through economic hardship and sabotage attacks Americans can surrender to Lucifer's evil power so the back and forth on tarrif will be continue depending on public responses.

  6. Canada, please don’t back down. In July 9 deadline of this negotiation, I do hope China and Japanese private sector selling the US treasury bonds again. We stand with Canada.

  8. Trump is winning because the civilized world isn't standing together.
    Britain made a "special deal" with Trump breaking solidarity.

  13. Trump is insane and incompetent and republicans protect him in his position to destroy everything good in America and the World.

  14. Didn't the EU and Ireland successfully sue Apple and Meta? More obvious than ever that Trump is number one fan of billionaire techs.

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