President Donald Trump suddenly announced on Friday that he would end business interviews with Canada and at the same time protest against a new digital service tax in a country that, according to recent reports, will be reflected from Monday.
“We will terminate all discussions on trade in Canada on the basis of this serious tax, immediately effective,” Trump wrote on his social network of truth. “We will let Canada know that in the next seven -day periods they will apply a tariff that will pay for business with the United States.”
His entire contribution on the truth of Social Read: “We have just been informed that Canada, a very difficult country with which they can be traded, including the fact that up to 400% of tariffs have been charging our farmers that have been on our country currently on our country.
Only last week, the Canadian Finance Minister said he would not delay the implementation of the tax on their country’s digital services, even if they continue the US business interviews. Any company that earns more than $ 15 million from Canadian Internet users is subject to 3% of tax, according to NBC reports.
Canada is the second largest business partner of the United States. Right now, the US is charging 25% tax on most of the goods imported from Canada, which is not subject to the USMCA commercial agreement. However, energy products such as oil and gas have a lower 10% tax. Canada is also hard to affect a 50% US tax on steel and aluminum imports – it is the best foreign supplier of these metals to America.
(Tagstotranslate) President Donald Trump
