US President Donald Trump has reacted strongly to Canada’s choice to impose a digital providers tax on American know-how firms.
In a press release on Reality Social as we speak, Trump mentioned, “We’re terminating all commerce negotiations with Canada instantly.”
Trump accused Canada of finishing up a “clear and brazen assault” on American know-how corporations by imitating the European Union. The tariff choice out of the blue put long-standing commerce relations with Canada, an in depth U.S. ally, in danger.
“We’ll notify Canada inside the subsequent seven days of the tariffs they should pay to commerce with the US,” Trump mentioned, including that the nation has been imposing tariffs of as much as 400% on dairy merchandise on American farmers for years.
In line with the Workplace of the US Commerce Consultant, the quantity of products commerce between the 2 international locations was roughly $762 billion final yr. With this new growth, financial balances in North America are anticipated to be shaken.
*This isn’t funding recommendation.
