Summary
- U.S. President Donald Trump declared the suspension of all trade negotiations with Canada.
- President Trump strongly opposed Canada for imposing a digital services tax on U.S. tech companies.
- President Trump announced that new tariff rates for Canada would be notified within 7 days.
On the 27th (local time), Donald Trump, President of the United States, announced on his social media platform Truth Social that "all trade negotiations with Canada are suspended."
President Trump criticized, saying, "Canada just announced the imposition of a digital services tax on U.S. tech companies," and called it "a direct and blatant attack on the United States."
He added, "Canada is following the European Union (EU)," and stated, "In response to Canada's unfair tax, all negotiations are suspended, and new tariff rates, which Canada will have to pay to trade with the United States, will be notified within 7 days."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
