Dropping digital services taxes key to trade talks

THE White House Will probably ask more countries to drop their digital services taxes As part of the prosecution trade Talks, a senior Trump administration official said on Monday after Canada canceled his DST this weekend.

“I expect taxes on digital services in the world to be removed and that it will be a key element of … current commercial negotiations that we have,” said director of the National Economic Council Kevin Hassett on CNBC “Squawk in the street. “”

The remark of one of the presidents Donald TrumpThe best advisers came the next day Canada has returned Its DST in order to “advance wider trade negotiations” with the United States.

This reversal – just a few hours before the first collection under the new tax was due – came to Trump’s surprise threat on Friday to terminate All trade discussions with Ottawa as long as the DST has remained in place.

Negotiations with the United States have resumed, said Canada because it has abandoned the tax. Trump and Canadian Prime Minister Mark Carney is now intended to conclude a trade agreement by July 21, according to a statement from the Ministry of Finance on Ottawa on Sunday.

“I am very happy to see that Canada deletes its DST, which means that we did not have to put these truly complicated reprisals for the Tax Code,” said Hassett on Monday.

“But you can expect the countries with digital sales taxes of the future will face the anger of [U.S. Trade Representative] Jameson Greer “on” these unfair commercial practices, “said Hassett.

In just over a week, the steep prices of the Trump administration on imports from a number of countries should restart.

Hassett said he thought that the United States had “executives” for “a total number of agreements” which will be agreed shortly after a large budgetary bill supported by Trump goes through the congress.

The Trump administration is impatient that the Chamber and the Senate controlled by the GOP adopt a final version of the massive tax and expense legislation and send it to the president’s office before Friday.

If this happens, predicted Hassett, there will be a “marathon session” in the oval office in which Trump and his collaborators will trigger a list of countries and make final calls on American rates for everyone.

It is not clear if Trump will stick to the price deadlines of July 8 and 9. “”We can do what we want“He said on Friday when he was asked if he would stick to one of these dates.