In a statement published at the end of Sunday, the ministry announced that the Prime Minister of Canada Mark Karn and US President Donald Trump will resume commercial negotiations in order to reach an agreement until July 21.
For several months, the United States has been negotiating on a commercial agreement with Canada, one of its largest partners in global trade, but it seems that these negotiations reached a dead end on Friday after Trump accused Canada of imposing unjust taxes on American technological companies of a direct and obvious attack on our country.
On Sunday, he repeated his comments, promising to determine the rate of a new customs tariff for Canadian goods over the next week.
The tax should have reached 3% of the revenues from digital services that the company receives from Canadian users whose income exceeded $ 20 million per year of estimate, and payments will be used retrospectively until 2022. The first tax payments were to be paid on Monday, and it would cost American technological companies, including Alphabet, Amazon and MITA, estimated at three million.
“The new Government of Canada will always be guided by the general contribution of any potential agreement to achieving the best interests of Canadian workers and companies,” Karni said, adding that this step “would confirm the resumption of negotiations”.
“The cancellation of the tax on digital services for negotiations related to new economic and safe relations with the United States will allow vital progress,” said Francois Philip Champin, Minister of Finance.
Canada is the second largest commercial partner in the United States after Mexico and the largest American buyer of exports. According to the American statistical administration, he bought us goods worth 349 billion US dollars and released $ 412 billion in the United States.
Source: Guardian
