It seems that Marks Carney and Canada are entering the phase of Fafo.
President Trump gave him every chance to come to the table and make a business deal, and not only did he not only did so, but he only took action against the USA.
big mistake.
Here is potus:
Full transcript here if it is easy for you to read:
We have just been informed that Canada, a very difficult country to do business, including the fact that they have charged our farmers as 400% tariffs, over years, on dairy products, just announced that they are imposing a digital service on our American technology companies, which is a direct and clear attack on our country. They are clearly imitating the European Union, which has done the same thing, and is currently discussing with us. Depending on this arrogant tax, we are immediately effective in all discussions on trade with Canada, immediately effective. We will tell Canada a tariff that they will pay to trade with the United States within the next seven -day period.
Thank you for your attention to this matter!
You know that when you get “thanks to the matter”, you have really messed up the big league!
Here is a quick summary of all all details so far:
President Trump ends all trade talks with CanadaCiting Canada’s new Digital service tax (DST) as a “clear attack” on American tech companies.
Canadian DSTEffective June 2024, one imposes An retrospective 3% tax Revenue of digital services of big companies like Amazon, Google, Meta, etc. (since 2022), even if they do not have a physical presence in Canada.
Tusrap Canada accused of copying European Union And said that America will announce a new tariff Seven days,
Trump said it is difficult to trade with CanadaPointing to the tariff 400% on US dairy products,
US dollar strengthened And Stock summarized Following Trump’s announcement, although the major indices are still recorded at high levels.
Canadian Prime Minister Mark Carney Said that he still expects to reach a deal and continue the conversation, but Advance notice was not given About the end.
American Treasury and Economic Officers, including Kevin Husset And Scott bettingCriticize DST as Inappropriate and retrospectiveTo blame Canada for refusing to delay it.
Trump insisted that America CaptureGiven Canada’s huge dependence on American trade (top trading partner).
Trade group on both sides (Canadian Chamber of Commerce, Canadian Business Council, US Tech Industry Groups) strongly oppose DST, warning that it can derail business and hurt economic relations.
American MPs Said 90% of Canadian DST revenue will come from American companiesCall it an unprecedented and harmful step.
Trump had earlier threatened 25-50% tariff On various Canadian exports, especially Steel, Aluminum and AutosAlthough obedient forgives with many people Usmca (Joe Trump interacted in his first term).
Canadian -counter Along with its own tariffs, which include 25% on American vehicles, steel, aluminum, whiskey and other items.
At this time, 1 July 9 deadline loose Until new deals are killed for mutual tariffs against other countries.
Breaking: Trump has said that Canada is being slapped with increased tariffs, when they learned that they are imposing a new digital service on America
He also canceled all the ongoing trade talks with Canada. pic.twitter.com/zlrkkulhta
– Charlie Kirk (@Charlikirk 11) 27 June, 2025
