President Donald Trump has announced on Friday that he has finished all business talks with Canada after the country has decided to move forward with digital service tax on US technology companies like META. The president, who also mentioned high dairy rates, called Canada “a very difficult country to trade with”, in truth social post. Trump has characterized the tax on digital services as a “direct and flickering attack on our country.”
The new Canadian measure imposes a 3% tax on digital service revenue performed by users in the country for companies generating more than $ 20 million from Canadian (14 million US) annually and will begin to be collected on Monday, according to Bloomberg news.
“They obviously copy the European Union that has done the same, and is currently being discussed with us,” Trump wrote about Truth Social. “Based on this miserable tax, we stop here all discussions about trading with Canada, actually immediately.”
The law for the Digital Services Tax was spent a year ago, but there was some hope from the US side that it would be diminished before it could be implemented. Trump has continued to suggest he will impose a new rate on Canadian goods exported to the United States, though he did not indicate what this might look like.
“We will let Canada to Canada the rate they pay to do business with the United States of the United States in the next seven -day period. Thank you for your attention for this matter!” Trump wrote, using his now frequent signature.
The new tax on Canadian digital services also applies retroactively back to 2022. Trump threatened annexing Canada, doubting it the 51st state of the United States, even before he took office a second time in January. And relations with Canada have become incredibly hostile thanks to Trump’s unnecessary provocations.
Trump has imposed rates on the whole world after his announcement on “Liberation Day” April 2who hit at least 10% about all goods in the United States from every nation in the world. For months, the Team Team negotiated with other countries, but so far have not actually taken into account a solid agreement with any of the largest trading partners. US and China reportedly agreed Rare land -In agreementAnd Britain agreed to a trade agreement in principle, but Trump’s negotiators continue to go on television to insist on real, extensive deals are around the corner.
Trump previously promised 90 offers in 90 days, but that just didn’t happen. Business Secretary Howard Lutnick told Bloomberg TV on Friday that the United States was “close to the finish” about a deal with India, but they said that for weeks. It was an early guess in April that India may be the first to sign a major new trade agreement with the United States
Trump has been frustrated with economic policy at home, as his so -called big beautiful bill has not yet made his way to his desk to sign. The bill is a mass rate for the richest Americans and would kick about 10 million people from Medicaid. Trump hoped to sign the bill before July 4 for an independent day, but it remains to see if that will happen. But the president wrote about Truth Social After his Canadian poster that he was looking forward to Republicans who would take place.
“The House of Representatives must be ready to send it to my desk by July 4,” Trump wrote. “We can do it. It will be a wonderful party for our country, which is now,” the hottest country anywhere in the world. “
