On June 27th, local time, President Trump of the United States took to social media to announce that Canada had just announced a digital services tax on US tech companies. Trump described this as a “direct and blatant attack” on the United States, suggesting that Canada was clearly emulating the EU.
Trump stated that in light of this shocking taxation measure, the United States has decided to:
Terminate all trade negotiations with Canada immediately.
The United States will inform Canada about the tariffs it will pay for trade with the United States within the next seven days. (CCTV reporter Xu Dezhi)
Trump’s tariff policy is impacting the global economy.