Home Breaking News Trump interrupts commercial negotiations with Canada and announces a new tariff

Trump interrupts commercial negotiations with Canada and announces a new tariff

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President of the United States, Donald TrumpI decided to interrupt a direct action Commercial negotiations With Canada After reproaching this country, the intention of taxation of digital services by American technological services.

“We were just informed that Canada, a country with which it is very difficult to trade, including the fact that for many years it has been charging from us on dairy products up to 400 percent, but has just announced that it will be tax of digital services for our technological companies, which is a direct and far attack on our country,” he said on his platform, social truth.

In this regard, as he added, the United States end “all” commercial discussions with Canada “with an immediate entry into force”.

“Over the next seven days, we will transfer to Canada the tariff that you will pay to conduct business with the United States,” said Trump, who reproached this country, which copies the introduction of this tariff for a technological for the European Union.

The official deadline related to the achievement of new agreements after submitting Trump’s statement about the so -called “mutual tariffs” ended on July 9, but the republican leader has already fallen this Friday that he could extend or reduce it, and that they would not close with everyone.

The Canadian Minister of Finance Francois-Filipp Shampan last week warned that the digital tax is still valid in Canada and that the first payment that affects other large transnational corporations in the United States as a goal should be made the next Monday, June 30.

The tax, which will be used retroactively since 2022, is 3 percent of the income of more than $ 20 million, which companies receive 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.

The US Minister of Treasury Scott Demanent announced that the US government has reached an agreement with the G7, with which its large multinational companies avoid paying 15 percent taxes in countries where they work, as established by the Global financial agreement of the OECD.

“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.

With information EFE

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