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Donald Trump stated the US was “terminating” commerce talks with Canada in retaliation towards a brand new digital companies tax on tech firms, reopening a commerce conflict between the international locations after months of détente.
“We’ve simply been knowledgeable that Canada, a really tough Nation to TRADE with . . . has simply introduced that they’re placing a Digital Providers Tax on our American Expertise Corporations, which is a direct and blatant assault on our Nation,” the US president posted on his Reality Social platform.
“Based mostly on this egregious Tax, we’re hereby terminating ALL discussions on Commerce with Canada, efficient instantly,” Trump added.
His announcement reignites a commerce conflict with the US’s northern neighbour, ending a interval of extra cordial relations that adopted the election of Mark Carney as Canadian prime minister.
Canadian finance minister François-Philippe Champagne indicated final week that Ottawa would proceed with plans to impose a digital companies tax regardless of strain from the US to desert it.
The measure would hit tech teams with a 3 per cent levy on income earned from Canadian customers, and has been opposed by Silicon Valley.
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