Showing posts with label POLITICS. Show all posts
Showing posts with label POLITICS. Show all posts

July 01, 2025

US Terminating Trade Talks With Canada – Trump

US Terminating Trade Talks With Canada -Trump


President has labeled Ottawa’s digital services tax an “attack” on the US

Image Credit: Suzanne Plunkett-Pool/Getty Images

US President Donald Trump has announced the termination of all trade talks with Canada in light of Ottawa’s tax on digital services, which he called a “adirect and blatant attack on our country.”

Relations between the neighbors began to sour when Trump imposed 25% tariffs on Canadian goods in February soon after taking office. Ottawa responded with reciprocal tariffs.

Trump later temporarily suspended the tariffs, expressing a willingness to negotiate individually favorable terms for US businesses with the countries that he had targeted for tariffs.

Trump has long accused Canada of taking unfair advantage of the US and has on several occasions suggested that it should become the 51st US state, arguing that Washington effectively subsidizes Canada’s economy.

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.

He added that his government would notify Ottawa of the “Tariff that they will be paying to do business with the United States of America within the next seven day period.”

Later on Friday, Canadian Prime Minister Mark Carney told reporters that his country would “continue to conduct these complex negotiations in the best interests of Canadians.” However, he noted that he had yet to speak with Trump about the issue.

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.

In March, Carney described Trump’s tariffs as “unjustified” and stated that “Canada will win” the trade war with the US. He vowed that Canada “will never, ever, in any way, shape, or form, be part of the United States.”

source:

https://greeknewsondemand.com/2025/06/30/us-terminating-trade-talks-with-canada-trump/.



BECAUSE WE LIKE THE TRUTH

You can find us on Twitter


June 30, 2025

LIVESTREAM - Carney 's SURRENDER Makes WORLDWIDE Headlines - June 30, 9:00pm ET







BECAUSE WE LIKE THE TRUTH

You can find us on Twitter


June 13, 2025

Israel strikes 'can't go unanswered' but Iran's options limited | ABC NEWS











BECAUSE WE LIKE THE TRUTH

You can find us on Twitter


May 31, 2025

Conservatives GOBSMACKED At Carney's $500 Billion Dollar Spending Bill



May 29, 2025






BECAUSE WE LIKE THE TRUTH

You can find us on Twitter


May 30, 2025

Mark Carney STORMS OUT After Getting WRECKED On His First Day


 May 28, 2025






BECAUSE WE LIKE THE TRUTH

You can find us on Twitter

Conservative MP Kurek RESIGNS So Pierre Poilievre Can RETURN!









BECAUSE WE LIKE THE TRUTH

You can find us on Twitter

May 29, 2025

Trade Court Strikes Down Trump’s Global Tariffs

Trade Court Strikes Down Trump’s Global Tariffs

 

 Trade Court Strikes Down Trump’s Global Tariffs

Businesses and states had sued the government, saying the president didn’t have the authority to impose the levies

Updated  ET

US President Donald Trump prepares to sign executive orders in the Oval Office of the White House in Washington, DC, on May 23, 2025. Mandel Ngan | Afp | Getty Images

Key Points
  • A U.S. trade court ruled that Trump had overstepped his authority by invoking an emergency law to impose sweeping tariffs on nearly every country.
  • Economists at Goldman Sachs said the White House likely has a few tools at its disposal to ensure it is only a temporary problem.
  • Lawyer James Ransdell said the ruling marks the first in many cases still pending — and is the first opinion “to really address the meat of the plaintiffs challenge.”


A federal trade court ruled President Trump didn’t have the authority to impose sweeping tariffs on virtually every nation, voiding the levies that have sparked a global trade war and threatened to upend the world economy.

The decision on Wednesday from the Court of International Trade blocked one of the Trump administration’s most audacious assertions of executive power, under the International Emergency Economic Powers Act of 1977. Shortly after the decision was handed down, lawyers for the Trump administration notified the court they will appeal…

SEE MORE HERE! >>

https://www.wsj.com/politics/policy/trade-court-strikes-down-trumps-liberation-day-tariffs-9befa448


The U.S. Court of International Trade on Wednesday ruled that the president had overstepped his authority by invoking the International Emergency Economic Powers Act, or IEEPA, to impose sweeping tariffs on numerous countries.

source:

https://greeknewsondemand.com/2025/05/29/trade-court-strikes-down-trumps-global-tariffs/.



BECAUSE WE LIKE THE TRUTH

You can find us on Twitter

May 25, 2025

Trudeau gov't guilty: Labour Board rules vaccine mandates violated Christian rights








BECAUSE WE LIKE THE TRUTH

You can find us on Twitter


POPULAR POSTS OF ALL TIME

Blog Archive

Το εύδαιμον το ελεύθερον, το δ’ ελεύθερον το εύψυχον. – Ευτυχισμένοι είναι οι ελεύθεροι και ελεύθεροι είναι οι γενναίοι. // // Happy are the free and free are the brave.