XPost: alt.politics.economics, can.politics, talk.politics.guns
XPost: sac.politics, alt.politics.republicans

https://www.cnbc.com/2025/06/27/trump-canada-trade-talks-tariffs.html

President Donald Trump on Friday said the United States is immediately �terminating ALL discussions on Trade with Canada� in response to Ottawa�s decision to impose a digital services tax on American tech firms.

Trump�s surprise announcement on Truth Social accused Canada of �copying
the European Union� with the �egregious� tax.

�We will let Canada know the Tariff that they will be paying to do
business with the United States of America within the next seven day
period,� Trump added.

Read Trump�s full post:

�We have just been informed that Canada, a very difficult Country to TRADE with, including the fact that they have charged our Farmers as much as
400% Tariffs, for years, on Dairy Products, has just announced that they
are putting a Digital Services Tax on our American Technology Companies,
which is a direct and blatant attack on our Country. 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. We will let Canada know the Tariff that they will be paying
to do business with the United States of America within the next seven day period. Thank you for your attention to this matter!�

�We have such power over Canada,� Trump said in the Oval Office later
Friday.

�They were foolish� to go forward with the new tax, Trump said.

He said the U.S. would �stop all negotiations with Canada right now until
they straighten out their act.�

The office of Canadian Prime Minister Mark Carney did not immediately
respond to CNBC�s request for comment.

The president�s angry declaration suddenly imperils America�s trade relationship with a close ally that has long been one of its top two
global trading partners.

U.S. goods trade with Canada totaled roughly $762 billion last year,
according to the office of the U.S. trade representative.

Following Trump�s announcement, the S&P 500 and the Nasdaq Composite both turned negative, retreating from the record highs they had reached earlier
in the day.

The first payments from Canada�s digital services tax, which was enacted
last year and applies retroactively to 2022, are set to be collected
Monday. The tax would hit both domestic and foreign tech companies,
including U.S. giants such as Amazon
, Google
and Meta
.

Canadian officials said this month that they would not pause the digital services tax, despite ferocious opposition from the United States.

�Obviously, we think it�s patently unfair to do it retroactively,�
Treasury Secretary Scott Bessent said later Friday on CNBC�s �Closing
Bell: Overtime.�

Bessent said the Trump administration was hoping that Carney�s government
would �put a brake on� the tax �as a sign of goodwill.�

He now expects that Trump trade representative Jamieson Greer will start
an unfair trade practice investigation under Section 301 of the Trade Act
of 1974 �to determine the amount of harm� that the new Canadian taxes pose
to the U.S.

https://www.cnbc.com/2025/06/27/trump-canada-trade-talks-tariffs.html


--
November 5, 2024 - Congratulations President Donald Trump. We look
forward to America being great again.

We live in a time where intelligent people are being silenced so that
stupid people won't be offended.

Every day is an IQ test. Some pass, some, not so much.

Thank you for cleaning up the disasters of the 2008-2017, 2020-2024 Obama
/ Biden / Harris fiascos, President Trump.

Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)