Donald Trump interrupts trade negotiations with Canada. This has just been declared in his social network: “We have just reported that Canada, a country with which it is very difficult to trade, taking into account the fact that for many years she charged from our farmers up to 400% of dairy products, this has just announced that he will apply the tax on our US technological companies, which include a direct attack and writing to our country.”
The US President believes that “they copy the European Union, which has done the same and that he is also in conversations with us.”
“In view of this offensive tax, so we are finishing all commercial negotiations with Canada, with an immediate entry into force,” Trump said: “Over the next seven days we will transfer to Canada the tariffs that you must pay to conduct business with the United States of America.”
The deadline for the achievement of new agreements after the unilateral and generalized tariffs of the commercial war of Trump ended on July 9, although the US president opened the door to expand or reduce it, while he barely closed several agreements.
The Canadian Minister of Finance Francois-Philipp Shampan last week warned that the digital tax is still valid in Canada, and that the first payment, which affects the other large transnational corporations of the United States, should be made the next Monday, June 30, EFE reports.
The tax, which will be used retroactively since 2022, is 3% of the income of more than $ 20 million, which companies receive from digital services from Canadian residents.
Champagne also indicated that the use of digital tax was part of the commercial negotiations that Washington and Ottawa supported the Trump administration after the introduction of tariffs.
On Thursday, the US Minister of Finance Scott Demanent announced that the US government has reached an agreement with the G7, with which its large multinational companies avoid 15% of taxes in countries where they work, as established by the Global Budget Agreement of the OECD, the Efa explains.
“Pilar 2 OECD taxes will not be applied to American companies, and we will work together to implement this agreement in the OECD-G20 inclusive structure over the next weeks and months,” the Dematon said.
