US EditionPublished • loading... • Updated
Trump ends all U.S. trade talks with Canada over digital services tax
CANADA, JUN 27 – Trump ends trade talks after Canada enacts a 3% digital services tax on U.S. tech firms, imposing a retroactive $2 billion cost and prompting threats of new tariffs.
- President Donald Trump ended all U.S. trade negotiations with Canada on June 27, citing Canada's implementation of a digital services tax.
- The decision followed Canada's enactment of a 3% digital tax on large multinational companies providing digital services to Canadians, with first payments due June 30.
- Trump warned that, following the end of trade talks with Canada over its digital services tax, the U.S. would introduce additional tariffs on Canadian products within seven days and stated that Canada would be notified of these tariffs during that period.
- Trump announced on his Truth Social platform that due to what he described as a severe tax, all trade negotiations with Canada are being ended immediately, adding that the U.S. holds a stronger position in the matter.
- The termination signals a trade breakdown as Canada may renegotiate the tax while U.S. officials prepare investigations and possible additional restrictions.
Insights by Ground AI
740 Articles
740 Articles
Breakdown in Trade Talks Between U.S. and Canada, Explained
Negotiations between the U.S. and Canada have broken down, with President Donald Trump announcing that he is “terminating” all trade discussions with his northern neighbor. “We are hereby terminating ALL discussions on trade with Canada, effective immediately,” Trump said on Friday. “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.” [time-brightcove not…
·United States
Read Full ArticleCoverage Details
Total News Sources740
Leaning Left130Leaning Right95Center185Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 32%
C 45%
R 23%
Factuality
To view factuality data please Upgrade to Premium
