Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
President Donald Trump speaks at a meeting with Canadian Prime Minister Mark Carney at the G7 summit in Kananaskis, Alberta, Canada, June 16, 2025.
Kevin Lamarque | Reuters
President Donald Trump Friday, the United States “would immediately end all discussions on trade with Canada“In response to Ottawa’s decision to impose a Digital services tax on American technological companies.
Trump’s announcement on Social truth Accused Canada of “Copy the European Union” with the “blatant” tax.
“We will make the price in Canada that they will pay to do business with the United States of America in the next seven days,” added Trump.
Read Trump’s full post:
“We have just been informed that Canada, a very difficult country with whom to exchange, including the fact that they have billed our farmers up to 400% of prices, for years, on dairy products, has just announced that they are putting a tax on digital services on our American technological societies, which is a direct and obvious attack on our country. We, also based on this tax, which has done, and is being discussed with us, too.
The office of Canadian Prime Minister Mark Carney did not immediately respond to the request for CNBC comments.
The President’s declaration of anger suddenly jeopardizes US trade relations with a close ally which has long been one of its two main world trade partners.
The trade of American products with Canada totaled around $ 762 billion last year, according to the office of the US trade representative.
After Trump’s surprise announcement, the S&P 500 and the Nasdaq Composite Both have become negative, withdrawing from record They had reached earlier during the day.
The first payments of the Canada digital services tax, which was promulgated last year and applied retroactively to 2022, should be collected on Monday. The tax was going to hit national and foreign technological companies, including American giants such as Amazon,, Google And Meta.
Canadian officials said that they Do not put the tax on the breakDespite opposition from the United States
This is a news. Please update updates.
