US 'immediately' cutting off trade talks with Canada: Trump
US President Donald Trump has said he is 'immediately' cutting off trade talks with Canada as the latter has unveiled a 3-per cent digital services tax on major US tech firms. The Canadian tax will take effect on June 30.
Terming Canada 'a very difficult country to trade with' on Truth Social, Trump denounced the Canadian decision as 'a direct and blatant attack on our country.'
US President Donald Trump has said he is 'immediately' cutting off trade talks with Canada as the latter has unveiled a 3-per cent tax on major US tech firms. Terming Canada 'a very difficult country to trade with' on Truth Social, Trump denounced the Canadian decision as “a direct and blatant attack on our country.†He declared that he would determine and impose appropriate tariffs within a week.
'Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately,' he wrote.
He declared that he would determine and impose appropriate tariffs within a week.
Speaking from the White House, Trump said: 'They did something with our tech companies today trying to copy Europe. It's not going to work out well for Europe either. And it's not going to work out well for Canada. They were foolish to do it,' he said.
Asked if Canada could reverse his decision, Trump responded, 'No… It doesn't matter to me. We have all the cards.'
Canadian Prime Minister Mark Carney, however, downplayed the issue, saying, 'We will continue to conduct these complex negotiations in the best interests of Canadians. It's a negotiation.'
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