Canada 'Caved' to Trump Pressure on Digital Tax: Leavitt
June 30, 2025
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0:40Now PlayingCanada 'Caved' to Trump Pressure on Digital Tax: Leavitt
YouTube Description
as posted by the channelCanada withdrew its digital services tax on technology companies such as Meta Platforms Inc. and Alphabet Inc. in a move to restart trade talks with the US. On Friday afternoon, US President Donald Trump said he was ending all trade discussions with Canada, one of its largest trading partners, in retaliation for the digital tax. He also threatened to impose a fresh tariff rate within a week.
Instead, Trump and Canadian Prime Minister Mark Carney agreed the countries will restart negotiations and try to settle a deal by July 21, according to a statement. The Canadian dollar strengthened to trade at C$1.3645 per US dollar as of 10:46 a.m. New York time.
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