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Trump Halts US-Canada Trade Talks Over Digital Services Tax
Trump Halts US-Canada Trade Talks Over Digital Services Tax
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BTCCSquare news:
President Donald TRUMP abruptly suspended trade negotiations with Canada, citing the country's impending digital services tax (DST) as a direct attack on U.S. interests. The tax, set to take effect June 30, targets revenue from large tech firms—many of them American—regardless of profitability.
The decision, announced via Truth Social, escalates tensions over what Trump calls "non-tariff trade barriers." Canada will face new U.S. tariffs within a week unless the DST is withdrawn. Congressional analysts note the measure disproportionately impacts Silicon Valley giants like Meta and Google.
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