president Donald Trump On Friday, the United States immediately “ends all discussions about trade with CanadaIn response to Ottawa’s decision to impose a Digital services tax On American technology companies.
Trump’s sudden announcement on Social truth Canada was accused of “copying the European Union” with the “terrible” tax.
“We will tell Canada to know the customs tariff that they will push to work with the United States of America during the next seven days,” Trump added.
Read Trump’s full post:
“We have just informed that Canada, a very difficult country in circulating, including the fact that they have seen our farms up to 400 % of the customs tariffs, for years, on dairy products, have just announced that they are setting a tax on digital services on our American technology companies, which directs us here, which they control that, which they control that, which controls that, as, as, as, as It is the case.
Canadian Prime Minister Mark Carne’s office did not immediately respond to CNBC’s request for comment.
The angry president’s announcement suddenly presents that America’s commercial relationship with a close ally was a long time ago one of its best global trading partners.
The total American commodity trade with Canada reached about 762 billion dollars last year, according to a office American trade representative.
After Trump’s announcement, S & P 500 and Nasdak Both turned into negative, retreated from Standard records They arrived earlier in the day.
The first payments of the digital services tax in Canada, which were enacted last year, are collected retroactively until 2022, on Monday. The tax will strike local and foreign technology companies, including US giants like Amazonand Google and Dead.
Canadian officials said this month that they You will not stop the digital services taxDespite the fierce opposition from the United States.
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