President Trump on Friday afternoon announced he has terminated all trade discussions with Canada after they imposed a Digital Services Tax on American tech companies.
Trump also said Canada will be slapped with a new tariff.
“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!” Trump said on Truth Social.
The United States and Canada have been deadlocked in a tariff battle for most of the year.
In March, President Trump reinstated his tariffs on Canada, Mexico, and China under the International Emergency Economic Powers Act
Tariffs were temporarily suspended in February during negotiations to secure the border and stop the flow of fentanyl.
However, the President told reporters in March that there is “no room left for Mexico or for Canada,” citing the “vast amounts of fentanyl” that has come into the U.S.
Trump slapped the tariffs on the three countries under the International Emergency Economic Powers Act in February.
25% tariffs on all Mexico imports
25% tariffs on nearly all Canadian imports — 10% on Canadian energy resources
10% tariffs on all China imports
BREAKING…
The post BREAKING: President Trump Goes Scorched Earth – Terminates All Trade Discussions with Canada Over Digital Services Tax on American Tech Companies appeared first on The Gateway Pundit.