President Trump announced that that he is calling off trade negotiations with Canada in retaliation for taxes impacting US tech firms: 'Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately.'

cross-posted from: https://discuss.online/post/22634958

President Donald Trump said on Friday, June 27, that he is calling off trade negotiations with Canada in retaliation for taxes impacting US tech firms, adding that Ottawa will learn of their new tariff rate within a week.

Trump was referring to Canada’s digital services tax, which was enacted last year and forecast to bring in Can$5.9 billion (US4.2 billion) over five years. While the measure is not new, US service providers will be “on the hook for a multi-billion dollar payment in Canada” come June 30, noted the Computer & Communications Industry Association recently.

  • ZDL@lazysoci.alEnglish
    5·
    2 hours ago

    The PM should just:

    1. Raise all tariffs on all American products to 500%.
    2. Turn off all exports of raw materials to the USA.
    3. Cut off all electricity to the USA.
    4. Cut off all water to the USA.

    Then never do business with the USA ever again; start building up relationships with nations that aren’t filled to the brim with hateful assholes.

  • DaddleDew@lemmy.worldEnglish
    18·
    17 hours ago

    I really hope this will finally push the Canadian government to ditch Microsoft for FOSS alternatives like Europe is beginning to do.

  • TheFeatureCreature@lemmy.caEnglish
    15·
    18 hours ago

    Trade negotiations with Trump are pointless anyway. It was himself that ripped up his own trade agreement and pissed all over Canada.