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.

  • Zier@fedia.io
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    2 months ago

    Canada needs to start cashing in their US Bonds. Let’s watch the US economy start to crash.

    • NotSteve_@lemmy.caOP
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      2 months ago

      I feel like that’s probably our nuclear option and we’re holding out for now since it’s likely Trump chickens out again

      • Ænima@feddit.online
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        2 months ago

        I hope not. Please do it. tRump and his shit-sucking base only give a shit when the leopard is dousing them and theirs in hot sauce. If crashing and burning this fucker and our country is what it takes to end him and them, don’t wait! Do it slowly, like someone shredding important documents.

        Bonus points if they or anyone does it each time this regime tries to lie or bury that pressure point. Rich people back this fuck-squad because they care about two things: their money and their lives. Threaten one and/or the other until they abandon him!

  • FelixCress@lemmy.world
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    2 months 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.world
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      2 months ago

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

  • EndOfLine@lemmy.world
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    2 months ago

    “We will let Canada know the Tariff that they will be paying…”

    How has he still not learned that it is Americans and American businesses that pay the tariffs.

    • N0t_5ure@lemmy.world
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      2 months ago

      He knows, but he also knows that his base is too dumb to recognize it, so he lies because raising taxes on Americans is unpopular.

      • FlashMobOfOne@lemmy.world
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        2 months ago

        He also knows that if he just repeats things people will believe them, even in spite of evidence they can see, feel and touch.

  • NotSteve_@lemmy.caOP
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    2 months ago

    How dare the Canadian government get American companies to pay their fair share for operating here [in Canada]

    • owenfromcanada@lemmy.ca
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      2 months ago

      How dare they charge *checks notes* the same thing Visa and Mastercard charge everyone in our entire country for everything.

  • IninewCrow@lemmy.ca
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    2 months ago

    This is the equivalent of that obnoxious kid in the neighbourhood saying they’re taking their basketball home and no one can play basketball any more … then after he leaves, someone else brings another basketball anyway.