Trump Declares Ceasing All Trade Talks with Canada
(MENAFN) U.S. President Donald Trump declared Friday that the United States is immediately ceasing all trade negotiations with Canada in retaliation for Ottawa's decision to impose a digital services tax targeting American tech giants.
Trump said in a social media post that Canada’s newly announced digital services tax on American tech firms amounts to a direct and blatant attack on the United States.
“Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately,” he added.
The president warned that the U.S. would outline retaliatory tariffs on Canadian businesses within the next week. He also accused Canada of mimicking the European Union by adopting a similar digital tax framework.
The move adds to the growing list of disrupted trade talks as the U.S. faces a looming self-imposed deadline of July 9 to conclude negotiations with multiple international partners.
Despite the escalating tension, White House Press Secretary Karoline Leavitt said Thursday that Trump retains the authority to extend the deadline if necessary.
Trump said in a social media post that Canada’s newly announced digital services tax on American tech firms amounts to a direct and blatant attack on the United States.
“Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately,” he added.
The president warned that the U.S. would outline retaliatory tariffs on Canadian businesses within the next week. He also accused Canada of mimicking the European Union by adopting a similar digital tax framework.
The move adds to the growing list of disrupted trade talks as the U.S. faces a looming self-imposed deadline of July 9 to conclude negotiations with multiple international partners.
Despite the escalating tension, White House Press Secretary Karoline Leavitt said Thursday that Trump retains the authority to extend the deadline if necessary.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
- $MBG Token Supply Reduced By 4.86M In First Buyback And Burn By Multibank Group
- PLPC-DBTM: Non-Cellular Oncology Immunotherapy With STIPNAM Traceability, Entering A Global Acquisition Window.
- United States Acetic Acid Market Size, Growth & Forecast 2033
- Kucoin Presents Kumining: Embodying Simple Mining, Smart Gains For Effortless Crypto Accumulation
- Japan Well Intervention Market Size To Reach USD 776.0 Million By 2033 CAGR Of 4.50%
- BTCC Announces Participation In Token2049 Singapore 2025, Showcasing NBA Collaboration With Jaren Jackson Jr.
More Story
Comments
No comment