‘Direct And Blatant Attack On Our Country’: Trump Announces End To Trade Talks With Major Partner
President Donald Trump announced Friday he is ending trade talks with Canada over the northern neighbor’s decision to impose a digital service tax on American technology companies.
Trump called Canada’s decision “a direct and blatant attack on our Country” in a Truth Social post.
“They are obviously copying the European Union, which has done the same thing, and is currently under discussion with us, also. Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately,” Trump also wrote.
Canada is reportedly going ahead with the tax despite its inclusion in the Group of Seven (G7) agreement in which President Trump agreed to remove Section 899, also known as the revenge tax proposal, from his “Big Beautiful” tax bill, according to Bloomberg.
The tax will require digital services companies like Meta to pay 3 percent of the digital services revenue they make on Canadian users above 20 million Canadian dollars ($14.6 million) in a calendar year, according to Bloomberg. (Read more from “‘Direct And Blatant Attack On Our Country’: Trump Announces End To Trade Talks With Major Partner” HERE)
Photo credit: Gage Skidmore via Flickr
