{"id":32738,"date":"2025-06-27T18:25:07","date_gmt":"2025-06-27T18:25:07","guid":{"rendered":"https:\/\/financialrush.com\/?p=32738"},"modified":"2025-06-27T18:25:07","modified_gmt":"2025-06-27T18:25:07","slug":"trump-halts-us-canada-trade-talks-over-big-tech-tax-dispute","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=32738","title":{"rendered":"Trump halts US-Canada trade talks over Big Tech tax dispute"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>Unlock the White House Watch newsletter for free<\/p>\n<p class=\"article__content-sign-up-topic-description o3-type-body-base\">Your guide to what Trump\u2019s second term means for Washington, business and the world<\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=577c1247-2295-4e10-9aa3-9e546bef73ec&amp;newsletter-id=65b8fec772badb00166eafc6\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>Donald Trump said the US was \u201cterminating\u201d trade talks with Canada in retaliation against a new digital services tax on tech companies, reopening a trade war between the countries after months of d\u00e9tente.\u00a0<\/p>\n<p>\u201cWe have just been informed that Canada, a very difficult Country to TRADE with\u2009.\u2009.\u2009.\u2009has 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,\u201d the US president posted on his Truth Social platform.\u00a0<\/p>\n<p>\u201cBased on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately,\u201d Trump said, adding that he would set a new tariff rate on Canadian imports \u201cwithin the next seven day period\u201d.<\/p>\n<p>His announcement reignites a trade war with the US\u2019s northern neighbour, ending a period of more cordial relations that followed the election of Mark Carney as Canadian prime minister. <\/p>\n<figure class=\"n-content-image n-content-image--full\" data-component=\"image-set\"><picture><source media=\"(min-width: 700px)\" srcset=\"https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/ftcms%3A10d6249a-39d7-487b-a12f-dac755bf0e5c?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=700&amp;dpr=1 1x,https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/ftcms%3A10d6249a-39d7-487b-a12f-dac755bf0e5c?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=700&amp;dpr=2 2x,https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/ftcms%3A10d6249a-39d7-487b-a12f-dac755bf0e5c?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=700&amp;dpr=3 3x,https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/ftcms%3A10d6249a-39d7-487b-a12f-dac755bf0e5c?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=700&amp;dpr=4 4x,https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/ftcms%3A10d6249a-39d7-487b-a12f-dac755bf0e5c?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=700&amp;dpr=5 5x\" width=\"3500\" height=\"2500\"\/><source media=\"(max-width: 490px)\" srcset=\"https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/ftcms%3Aae727004-922a-4cdc-8ec7-87cd8f5301bf?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=490&amp;dpr=1 1x,https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/ftcms%3Aae727004-922a-4cdc-8ec7-87cd8f5301bf?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=490&amp;dpr=2 2x,https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/ftcms%3Aae727004-922a-4cdc-8ec7-87cd8f5301bf?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=490&amp;dpr=3 3x\" width=\"1500\" height=\"2000\"\/><\/picture><\/figure>\n<p>Canadian finance minister Fran\u00e7ois-Philippe Champagne indicated last week that Ottawa would proceed with plans to impose a digital services tax despite pressure from the US to abandon it. <\/p>\n<p>The measure would hit tech groups with a 3 per cent levy on revenue earned from Canadian users, and has been opposed by Silicon Valley. <\/p>\n<p>The Canadian dollar fell on the announcement, leaving it down 0.7 per cent against the US dollar on the day. <\/p>\n<p><em>This is a developing story<\/em><\/p>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.ft.com\/content\/577c1247-2295-4e10-9aa3-9e546bef73ec\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Unlock the White House Watch newsletter for free Your guide to what Trump\u2019s second term means for Washington,&hellip;\n","protected":false},"author":5,"featured_media":32739,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-32738","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/32738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32738"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/32738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/32739"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}