Trump terminates trade talks with Canada with immediate effect, says tariffs will be announced within a week
US President
Donald Trump
on Friday said that the country was he is calling off
trade negotiations
with
Canada
immediately, citing its
digital services tax
. He added that the neighbouring country would be informed of the tariff rate within a week.
"We have just been informed that Canada, a very difficult Country to TRADE with, including the fact that they have charged our Farmers as much as 400% Tariffs, for years, on Dairy Products, has just announced that they are putting a Digital Services Tax on our American Technology Companies, which is a direct and blatant attack on our Country,"
Trump
said on Truth Social.
Trump accused Canada of blatant attack on the US and copying the European Union.
"They are obviously copying the European Union, which has done the same thing, and is currently under discussion with us, also. Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately. 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," he added.
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Canada is the second-largest trading partner of the US. Currently, all non-USMCA goods imported from Canada face a tariff rate of 25 per cent. This excludes energy products, which Trump has applied a 10 per cent tariff rate to. It also bears much of the brunt of Trump's 50 per cent tax on steel and aluminum imports.
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