Canadian PM says negotiations with U.S. "complex"
Ottawa, June 28 (UNI) Canadian Prime Minister Mark Carney yesterday called the negotiations with the United States "complex" when he responded to the announcement of U.S. President Donald Trump to terminate all trade talks with Canada with potential new tariffs.
"We'll continue to conduct these complex negotiations in the best interest of Canadians," Carney said to local media. "It's a negotiation."
Trump announced Friday that the United States would terminate all trade talks with Canada due to Canada's digital services tax on U.S. tech companies.
Canada's digital services tax on American technology companies is a direct and blatant attack on the United States, said Trump in a post on social media.
Set to take effect on June 30, the digital services tax would have U.S. companies like Amazon, Google, Meta, Uber and Airbnb pay a three percent levy on revenue from Canadian users.
Canada and the United States have been in negotiations to get Trump to lift the tariffs on Canadian goods, which have already led to major economic shrinking.
Canada's real gross domestic product edged down 0.1 percent in April, according to Statistics Canada. Transportation equipment manufacturing subsector was the largest contributor to the decline, coinciding with lower exports of passenger cars and light trucks as some motor vehicle manufacturers scaled back production amid uncertainty related to tariffs imposed on motor vehicle exports to the United States.
UNI XINHUA ARN
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
7 minutes ago
- Economic Times
Singapore International Arbitration Centre rules in favour of Amazon in Future Group case
Amazon claim trimmed Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Singapore International Arbitration Centre (SIAC) has ruled in favour of Amazon in its long-standing legal battle with Kishore Biyani-led Future Group , holding that Reliance Retail- Future merger deal breached its pre-existing contract. However, Amazon has managed to get minuscule damages of Rs 23.7 crore against claimed amount of Rs 1436 a final award issued late Thursday night, the three-member tribunal said the 2020 board resolution by Future Retail Ltd (FRL) approving the sale of its retail, wholesale, and logistics assets to Reliance was in breach of contractual obligations under the Shareholders' Agreement (SHA) and Share Subscription Agreement (SSA) signed between Amazon and Future Coupons Pvt Ltd (FCPL).While Amazon had sought damages of Rs 1,436 crore, the tribunal awarded a significantly smaller sum of Rs 23.7 crore. It directed 11 promoters and parties, including Kishore Biyani , to jointly and severally pay the amount, along with interest at 10.3% annually (compounded) from March 9, 2022, until full payment. The parties are also liable to bear Amazon's arbitration and litigation tribunal noted that 835 of FRL's 1,534 retail stores were transferred in a manner that breached Amazon's contractual rights stemming from its 2019 acquisition of 49% in FCPL for Rs 1,400 crore. FCPL held a 10% stake in Tribunal held that Amazon was entitled to damages due to the promoters' repudiatory breaches of the Future Coupons Pvt Ltd (FCPL) Shareholders' Agreement (SHA), but it rejected the quantum of Rs 1,436 crore claimed by the had based its claim on "reliance loss," arguing that it should be compensated for the full value of its 2019 investment in FCPL including Rs 1,430 crore paid under the Share Subscription Agreement and Rs 5 crore in associated the Tribunal found that even if all contractual agreements had been fully performed, Amazon would not have recovered its entire investment due to the declining financial condition of Future Retail Ltd (FRL) the ultimate beneficiary of Amazon's stake in the impact of the COVID-19 pandemic and FRL's deteriorating business value, the Tribunal observed that awarding full damages would unfairly shield Amazon from a commercial loss it was likely to incur regardless.'Such an award would essentially allow Amazon to escape a bad bargain,' the final award the Tribunal awarded Amazon total legal and related costs of Rs 77.3 crore and SGD 68, Amazon-Future legal dispute began in October 2020, when SIAC's emergency arbitrator restrained Future Retail from proceeding with the Reliance deal. The Future Group had challenged the arbitration, citing the Competition Commission of India's 2022 suspension of the Amazon-FCPL deal.
The Hindu
18 minutes ago
- The Hindu
Benjamin Netanyahu rejects report that Israeli soldiers have orders to shoot at Palestinians seeking aid
Israel's Prime Minister Benjamin Netanyahu and Defence Minister Israel Katz emphatically rejected a report in the left-leaning Israeli daily Haaretz on Friday (June 27, 2025), which claimed Israeli soldiers were ordered to shoot at Palestinians approaching aid sites inside Gaza. They called the report's findings 'malicious falsehoods designed to defame' the military. 'More than 500 Palestinians have been killed and hundreds more wounded while seeking food since the newly formed Gaza Humanitarian Foundation (GHF) began distributing aid in the territory about a month ago,' according to Gaza's Health Ministry. Court rejects Netanyahu's call to postpone graft trial hearings Palestinian witnesses say Israeli troops have opened fire at crowds on the roads heading toward the sites. Reacting to the Haaretz piece, Israel's military confirmed that it was investigating incidents in which civilians had been harmed while approaching the sites. It rejected the article's allegations 'of deliberate fire toward civilians.' The foundation, which is backed by an American private contractor, has been distributing food boxes at four locations, mainly in the far south of Gaza, for the past month. 'GHF is not aware of any of these incidents but these allegations are too grave to ignore and we therefore call on Israel to investigate them and transparently publish the results in a timely manner,' the group said in a social media post. Netanyahu says victory over Iran opens windows to peace Palestinians trying to find food have frequently encountered chaos and violence on their way to and on arrival at the aid sites. Tens of thousands are desperate for food after Israel imposed a 2 1/2 month siege on Gaza, blocking all food, water and medicine from entering the territory pending the setup of the GHF sites. 'The bodies of eight people who died on Friday had come to Shifa Hospital from a GHF site in Netzarim, although it was not immediately clear how they died,' Dr. Mohamed Abu Selmyiha, the hospital's director, told The Associated Press. A GHF spokesperson challenged the report, saying they did not know of any incidents at or near their sites on Friday. 'Twenty other bodies his hospital received Friday came from airstrikes across north Gaza,' he said. Thousands of Palestinians walk for hours to reach the hubs, moving through Israeli military zones where witnesses say Israeli troops regularly open fire with heavy barrages to control the crowds. The Israeli military says it has only fired warning shots. Trump says Israeli PM Netanyahu's trial should be cancelled Mohammad Fawzi, a displaced man from Rafah, told the AP that he was only able to get empty boxes, not food, from the aid site in the Shakoush area in Rafah when he trekked there early Thursday morning (June 24, 2025.) 'We've been shot at since 6 a.m. up until 10 a.m. just to get aid and only some people were able to receive it. There are martyrs and injured people. The situation is difficult,' he said. The group 'Doctors Without Borders' on Friday (June 27, 2025) condemned the distribution system as 'a slaughter masquerading as humanitarian aid' and called for it to be immediately shut down. More than 6,000 people have been killed and more than 20,000 injured in Gaza since the ceasefire collapsed on March 18. Since the war began, more than 56,000 people have been killed and 1,32,000 injured, according to the Health Ministry. Netanyahu's government faces possible collapse as the opposition seeks to dissolve it The Gaza Health Ministry doesn't distinguish between civilians and combatants, but has said that women and children make up more than half the 56,000 dead. Israel says it only targets militants and blames civilian deaths on Hamas, accusing the militants of hiding among civilians, because they operate in populated areas. The Israel-Hamas war started following the Hamas-led attack in southern Israel on October 7, 2023, when some 1,200 people were killed and around 250 taken hostage. About 50 of them still remain in captivity in Gaza. The latest deaths include six people killed and 10 wounded in Israeli strikes on a group of citizens near the Martyrs Roundabout in the Bureij Camp in central Gaza Strip, officials at Awda Hospital in Nuseirat said on Friday (June 27, 2025). The United Nations chief meanwhile urged leaders to show 'political courage' and agree to a ceasefire like the one forged between Israel and Iran. Secretary-General António Guterres also urged a return to the UN's long-tested distribution system for aid in Gaza, where he said Israeli military operations have created 'a humanitarian crisis of horrific proportions..' 'The search for food must never be a death sentence,' Mr. Guterres stressed to UN reporters on Friday.
&w=3840&q=100)
First Post
18 minutes ago
- First Post
Harvard & Toronto Universities join hands to host international students amid Trump's visa blockade
Harvard University and the University of Toronto came out with a plan that would see some of the Harvard students complete their studies in Canada if visa restrictions prevent them from entering the United States read more A Harvard sign is seen at the Harvard University campus in Boston, Massachusetts, on May 27. Image used for representation. (Source: AFP) Harvard University and the University of Toronto are collaborating to host international students who are facing visa restrictions imposed by US President Donald Trump. Both institutions came out with a plan that would see some of the Harvard students complete their studies in Canada if visa restrictions prevent them from entering the United States. The pact between the two institutions reflects how schools are willing to collaborate to ensure that students are not affected by the tumultuous policies introduced by the current Trump administration. The deal was struck between the Harvard John F Kennedy School of Government and the University of Toronto's Munk School of Global Affairs and Public Policy. STORY CONTINUES BELOW THIS AD In a letter to the students, Jeremy Weinstein, the Harvard Kennedy School Dean, noted that the plans were meant to ease concerns. He maintained that a formal program would only be unveiled if there is 'sufficient demand' from students who are unable to come to the United States. 'We are deeply grateful for the support of the Munk School and other partners, who are helping to ensure that we can continue to provide all HKS students with the excellent education they deserve,' he said in his letter. Harvard's struggle with the Trump administration The American university is locked in an acrimonious legal battle with the Trump administration after it claims the Department of Homeland Security improperly revoked its ability to enrol international students. It is pertinent to note that nearly a quarter of Harvard's students come from outside the US, and their students are a key source of funding for the school. So far, Harvard has won two preliminary injunctions against the DHS, probably clearing a path for international students to obtain entry visas. 'These are exceptional times,' Janice Stein, the founding director of the Munk School of Global Affairs and Public Policy, said in a statement. 'If Harvard Kennedy School international students are not able to complete their studies in Cambridge, Mass., the Munk School of Global Affairs and Public Policy looks forward to providing shared academic and co-curricular experiences for students from both our schools.' In addition to the HKS at Munk School program, institutes are also announcing HKS Global, which will have both an online and in-person component. The University of Toronto made it clear that Harvard students attending their college will still have to apply for Canadian study permits and will be enrolled as full-time, non-degree students at the Munk School. STORY CONTINUES BELOW THIS AD The program is only open to students who have already completed a year of study in the United States. Interestingly, Canada has put its cap on international students and curtailed the number of visas it will allow. The University of Toronto said the plan with Harvard 'would not reduce the number of spaces available for U of T students in any academic programs or university housing'.
