Trump Kills Trade Talks With Canada After It Hits U.S. With Digital Services Tax

President Donald Trump announced on Friday that it ended all trade negotiations with Canada after the country has decided to move forward with a digital service tax on American technological companies like Meta. The president, who also mentioned the high dairy rates, described Canada “a very difficult country with whom to exchange”, in a social position of truth. Trump described the digital services tax as a “direct and blatant attack on our country”.

The new Canadian measure imposes a 3% tax on income from digital services from users in the country for companies generating more than $ 20 million Canadian dollars (US $ 14 million) per year and will start to be collected on Monday, according to Bloomberg News.

“They obviously copy the European Union, which has done the same thing, and is currently in discussion with us too,” wrote Trump Social truth. “Based on this blatant tax, we finish all discussions on trade with Canada, with immediate effect.”

The law of the digital services tax was adopted a year ago, but there had been a certain hope on the American side that it would be abandoned before being able to be implemented. Trump continued by suggesting that he would impose a new price on Canadian products exported to the United States, although he has not indicated what it might look like.

“We will get to know the price in Canada that they will pay to do business with the United States of America in the next seven days. Thank you for your attention to this question! ” Trump wrote, using his now common signature.

The new Canadian tax on digital services also applies retroactively to 2022. Trump threatened to annex Canada, on the 51st American condition, even before he took office for the second time in January. And relations with Canada have become incredibly hostile thanks to Trump’s unnecessary provocations.

Trump imposed prices on the whole world after his announcement of “Liberation Day” on April 2Who threw at least 10% on all goods from each nation in the world. For months, the president’s team has been negotiating with other countries, but so far has really signed a solid agreement with any of the largest American business partners. The United States and China would have accepted a Rare land workAnd the United Kingdom has accepted a trade agreement in principle, but Trump negotiators continue to follow television to emphasize that real and complete agreements are approaching.

Trump had previously promised 90 agreements in 90 days, but that simply did not happen. Commerce secretary Howard Lunick told Bloomberg TV on Friday that the United States was “close to the finish line” on an agreement with India, but they have said it for weeks. There was a first speculation in April that India could be the first to sign a new major trade agreement with the United States

Trump was frustrated by economic policy at the national level because his so-called major bill has not yet made his way to his office to sign. The bill is a massive tax reduction for the richest Americans and will kick around 10 million people from Medicaid. Trump had hoped to sign the bill by July 4 for independence, but it remains to be seen if it will happen. But the president wrote on Social truth After his post in Canada, he was impatiently awaiting the Republicans who perform on time.

“The House of Representatives must be ready to send it to my office before July 4,” wrote Trump. “We can do it. It will be a wonderful celebration for our country, which is at the moment “the hottest country in the world”. “