US President Donald Trump has reacted strongly to Canada’s determination to impose a digital providers tax on American know-how corporations.
In a press release on Reality Social at this time, Trump stated, “We’re terminating all commerce negotiations with Canada instantly.”
Trump accused Canada of finishing up a “clear and brazen assault” on American know-how companies by imitating the European Union. The tariff determination out of the blue put long-standing commerce relations with Canada, an in depth U.S. ally, in danger.
“We are going to notify Canada throughout the subsequent seven days of the tariffs they should pay to commerce with america,” Trump stated, including that the nation has been imposing tariffs of as much as 400% on dairy merchandise on American farmers for years.
In accordance with the Workplace of the US Commerce Consultant, the quantity of products commerce between the 2 international locations was roughly $762 billion final 12 months. With this new improvement, financial balances in North America are anticipated to be shaken.
*This isn’t funding recommendation.
