United States ruler, Donald Trump, has labeled Canada’s digital service tax as an “attack” on America. It looks like he’s pivoted back to “make America great again,” because war isn’t hitting the minds of the slave class the way it used to.
Trump has also announced the termination of all trade talks with Canada in light of Ottawa’s tax on digital services, which he called a “direct and blatant attack on our country.” While Trump initiated the trade war, threatening Canada with a 25% tariff on Canadian goods in February, soon after taking the throne. He was then hit with retaliatory tariffs by Canadian rulers.
To avoid furthering an economically disastrous trade war, Trump later temporarily suspended the tariffs, expressing a willingness to negotiate individually favorable terms for U.S. businesses with the countries that he had targeted for tariffs.
However, it seems like a trade war is back on between Washington and Ottawa.
In a post on Truth Social on Friday, Trump stated that “Canada, a very difficult Country to TRADE with… has just announced that they are putting a Digital Services Tax on our American Technology Companies, which is a direct and blatant attack on our Country.”
“Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately,” the US president proclaimed. -RT
Canada’s digital services tax, enacted in June 2024, requires companies providing digital services in the country and earning more than CAD 20 million ($14.5 million) in revenue from Canadian sources to pay a 3% tax on their profits. The first payments are due on Monday. According to Canadian media, US tech giants such as Amazon, Apple, Airbnb, Google, Meta, and Uber are expected to pay approximately $2 billion by the end of July. The tax is retroactive to January 1, 2022.
This is an economic attack on the U.S.; however, it’s likely only happening because Trump is using trade wars to harm others, too.
Do you think this will be a downfall for the digital services companies? Or will it somehow just be another blip on the radar of a trade war?
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