U.S. President Donald Trump said Friday he’s terminating all trade discussions with Canada effective immediately.

“We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period,” Trump said in a social media post.

He says he’s pulling back from the bilateral trade discussions because Canada plans to move ahead with its digital services tax (DST), which requires web giants pay a special tax.

Set to take effect on June 30, the DST requires U.S. companies like Amazon, Google, Meta, Uber and Airbnb pay a three per cent levy on revenue from Canadian users — a policy enacted by former prime minister Justin Trudeau’s government that the Parliamentary Budget Office projects will bring in billions of dollars in revenue.

  • FelixCress@lemmy.worldEnglish
    421·
    9 days ago

    Set to take effect on June 30, the DST requires U.S. companies like Amazon, Google, Meta, Uber and Airbnb pay a three per cent levy on revenue from Canadian users

    Good.

    • something_random_tho@lemmy.worldEnglish
      24·
      9 days ago

      It should be a lot higher, honestly. Encourage building Canadian services and using European services instead of relying on predatory American monopolies.

      • FelixCress@lemmy.worldEnglish
        22·
        9 days ago

        3% of revenue is a substantial number.

        However, even better:

        The tax, which will take effect on 30 June and be applied retroactively from 2022, will impact both domestic and international companies, meaning American giants Amazon, Google, Meta, Airbnb and Uber will have to start payments from Monday.

        Source