Trump calls off trade talks with Canada
發佈日期: 2025-06-28 19:53
TVB News
A new twist in the U.S.'s trade war with Canada as President Trump ends talks with his northern neighbours. Canada was making moves to tax tech giants like Amazon.
Trump called it a "blatant attack on America."
Donald Trump is ending trade talks with Canada.
The north American neighbours are imposing levies on each other but with Canada pressing ahead with a services tax on tech giants.
Trump on Truth Social announcing discussions are hereby terminated.
Adding, Canada will be told in the next week what they will have to pay to do business with the U.S.
Jeff Bezos has other things on his mind as he gets married in Venice. It is his company, Amazon, along with others such as Google and Facebook owners Meta, that will be hit with three percent taxes on their revenue since 2022 under new Canadian tax rules.
Combined it could cost these American platforms and others a total of two billion U.S dollars.
Trump is trying to stop it. "We have a great relationship with the people of Canada but it's been very difficult and they put a charge and they were a little bit early, we found out about it. And we have all the cards, we have every single one. We don't want to do anything bad. But they have economically, we have such power over Canada", Trump said.
He continued" "I'd rather not use it, but they did something with our tech companies today trying to copy Europe. They copied Europe. It's not going to work out well for Europe either. And it's not gonna work out for Canada."
Canada's prime minister, Mark Carney, installed by the electorate this yare to battle with Trump on trade, confident he'd get a deal that works for Canada by July.
Robert Gilles of the Associated Press in Canada says: "Carney, in response, said this is part of the negotiation. And Trump just said in the Oval Office that the expects that Canada will remove the digital services tax on American big tech companies. We'll see if Canada does that. It's quite possible that they will, as part of a larger renegotiation of trade talks in an effort to get rid of tariffs on Canadian goods.
Trump also asked about the clock ticking on other countries yet to come to an agreement.
He said a letter is being drafted and some nations will get an invoice soon.
"We've made a deal with China. We've a deal probably with four or five different countries, with the UK. It was a.great deal for both, and we're in the process of making some others, Trump said.
"We're going to send out a letter. We've talked to many of the countries, and we're just going to tell them what they have to pay to do business in the United States." Trump concluded
There are concerns about Trump's deal with China in some parts of the U.S.
With the 4th of July less then a week away, fireworks are in demand.
Ninety-nine percent of U.S stocks are imported from China.
Phantom Fireworks is one of America's biggest and wants an exemption.
Their Vice-President says customers will feel the heat this Independence Day saying: "Seventy to seventy-five percent of our products already in the United States when those tariffs were imposed. We have maybe 30 percent that are coming in since then. We've already paid some tariffs. So, on about 30 percent of our products, there's going to be some effect in the price. We're not going to pass all of it on to the consumers."
Fireworks Associations reignited lobbying efforts urging Trump to cut them a better long term deal.
Weimer says without it there will be an explosion in U.S. firework prices.
