Tech »  Topic »  Trump ends trade talks with Canada over a digital services tax

Trump ends trade talks with Canada over a digital services tax


ASSOCIATED PRESS

President Donald Trump said the US is ending trade talks with Canada, effective immediately, over a tax on digital services that will impact American tech companies. He also pledged to announce further tariffs on Canada within the next week, adding in a Truth Social post that "they will be paying to do business with the United States of America."

Canada's digital services tax (DST) is set to take effect on June 30, though it will be applied retroactively. According to The New York Times, US companies are preparing to pay around $2.7 billion to the Canadian government to cover a three percent tax on revenue they generated from users in the country. Companies including Amazon, Google, Meta, Uber and Airbnb are subject to the levy, as things stand.

In his post on Friday, Trump called the DST "a direct and blatant attack on our country." Amid ...


Copyright of this story solely belongs to Engadget . To see the full text click HERE