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WASHINGTON—President Trump said he terminated trade talks with Canada over what he called an “egregious” digital-services tax on U.S. tech companies, plunging relations with America’s ...
President Donald Trump says he’s suspending trade talks with Canada over its plans to continue with its tax on technology firms.
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President Donald Trump ceased trade talks with Canada and will soon announce a new tariff rate the country will have to pay, he said in a Truth Social post on Friday.
President Trump says he's "terminating all discussions on trade with Canada, effective immediately," after Canada announced a digital services tax on large foreign and domestic technology companies.
President Trump suspended trade talks with Canada and plans to impose higher tariffs on the country within a week due to its digital services tax.
President Donald Trump will suspend trade talks with Canada over its plans to continue its tax on technology firms, which would include Amazon, Google and Meta.
Donald Trump Joe Raedle/Getty Images Donald Trump said that he was ending trade talks with Canada over its digital services tax, which will impact major tech firms like Google, Meta and Amazon.
The announcement came after a press conference in which Trump presented an ambiguous timeline for tariffs he put on other nations to go into effect.
Canada’s tariff-rate quotas give U.S. dairy farmers tariff-free access on up to, say, 50 million metric tons, for example, but then subject them to punitive tariffs for anything more than this.