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U.S. trade discussions with Canada

gbg3

gbg3

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Trump announces the U.S. has terminated all trade discussions with Canada.

Canada has announced a digital services tax on American technology companies. Based on this, Trump has terminated all trade discussions and will inform Canada, within 7 days, what tariffs will be in place should Canada want to do business with the U.S.
 
"It's been a bone of contention between Canada and the U.S. for years, with former president Joe Biden's ambassador to Canada warning during his tenure that, if a DST was enacted, the U.S. would hit back.

While Canada and other Organization for Economic Co-operation and Development (OECD) countries had been discussing some sort of global DST, the Trudeau government decided to move ahead with its own tax rather than wait for co-ordinated action.

Prime Minister Mark Carney's finance minister, François-Philippe Champagne, said this week Ottawa plans to push ahead with the tax even while negotiations with Trump and his tariffs are ongoing.

That's what's prompted the president's ire."

"We have just been informed that Canada, a very difficult Country to TRADE with, including the fact that they have charged our Farmers as much as 400% Tariffs, for years, on Dairy Products, 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," Trump said."


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www.cbc.ca
 
What a stupid man the President is. This will just harm both countries and continue to ruin the relationship with what should be America's closest ally.
 
gbg3 said:
Trump announces the U.S. has terminated all trade discussions with Canada.

Canada has announced a digital services tax on American technology companies. Based on this, Trump has terminated all trade discussions and will inform Canada, within 7 days, what tariffs will be in place should Canada want to do business with the U.S.
Click to expand...
Well that's odd given Bessent said that the G7 had come to an agreement on discussing the DST although he didnt specifically mention the digital services tax and withdrew the tax penalty piece from the BBB.

www.theglobeandmail.com

U.S. Republicans agree to drop retaliatory tax from Trump’s budget bill, citing G7 agreement

Proposed legislation would have allowed the U.S. to impose levies in response to ‘discriminatory or unfair taxes’ in foreign countries
www.theglobeandmail.com www.theglobeandmail.com
 
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gbg3 said:
Trump announces the U.S. has terminated all trade discussions with Canada.

Canada has announced a digital services tax on American technology companies. Based on this, Trump has terminated all trade discussions and will inform Canada, within 7 days, what tariffs will be in place should Canada want to do business with the U.S.
Click to expand...
More of Trump’s bullshit.

Why can MAGA not seem to catch on?
 
gbg3 said:
Trump announces the U.S. has terminated all trade discussions with Canada.

Canada has announced a digital services tax on American technology companies. Based on this, Trump has terminated all trade discussions and will inform Canada, within 7 days, what tariffs will be in place should Canada want to do business with the U.S.
Click to expand...
Thoughts and prayers on your loss of yet another Beautiful Deal that was complete until it wasn't. Let's hope Donald doesn't point the finger at his followers such as yourself, given your collective failure to properly demonize Canadians to Donald's satisfaction.
 
Jredbaron96 said:
What a stupid man the President is. This will just harm both countries and continue to ruin the relationship with what should be America's closest ally.
Click to expand...
Let's see how long it takes for Trump to fold like a cheap suit once folks dependent on trade with Canada become vocal.
 
gbg3 said:
As I'm beginning to investigate this topic a bit more, I ran into this very recent opinion piece about dairy. Maybe this also has a little bit to do with Trump's "very difficult" comment?

www.aol.com

Opinion - Canada is doubling down on dairy tariffs ahead of talks with Trump

Trump has raged against Canada’s dairy tariffs for years.
www.aol.com www.aol.com
Click to expand...
It's more likely that Donald's tendency to flip-flop, TACO and be an overall unreliable partner while exhibiting the intellectual maturity of a 4th grader and the emotional maturity of a toddler, combined with growing dementia and cognitive decline, is contributing to him finding it "very difficult" to do any deal with anybody.
 
gbg3 said:
As I'm beginning to investigate this topic a bit more, I ran into this very recent opinion piece about dairy. Maybe this also has a little bit to do with Trump's "very difficult" comment?

www.aol.com

Opinion - Canada is doubling down on dairy tariffs ahead of talks with Trump

Trump has raged against Canada’s dairy tariffs for years.
www.aol.com www.aol.com
Click to expand...
Canada will protect her vulnerable Industries just like the US does. Carney has a few bargaining chips, the golden dome, rare earth minerals and the DST as well as steel tariffs. They'll work it out.
 
gbg3 said:
As I'm beginning to investigate this topic a bit more, I ran into this very recent opinion piece about dairy. Maybe this also has a little bit to do with Trump's "very difficult" comment?

www.aol.com

Opinion - Canada is doubling down on dairy tariffs ahead of talks with Trump

Trump has raged against Canada’s dairy tariffs for years.
www.aol.com www.aol.com
Click to expand...
He made all sorts of daft comments about that as well, by misrepresenting the hight tariff rates post quota as the rate applied to all imported US dairy.
🤭
 
Here is another interesting piece I just ran across as I work to get more caught up on what's been going on recently with these U.S./Canada trade talks.

"Pressure had been mounting on Ottawa from Canadian and U.S. business groups to pause the planned digital tax before it’s set to kick in on June 30 to allow space for those negotiations.

But Finance Minister François-Philippe Champagne said last week the legislation was passed by Parliament and Canada is “going ahead” with the tax.

“The (digital services tax) is in force and it’s going to be applied,” he told reporters before a cabinet meeting on Parliament Hill."


globalnews.ca

Trump says U.S. terminating trade talks with Canada ‘effective immediately’ - National | Globalnews.ca

Trump said on Truth Social the decision was due to Canada moving ahead with a digital services tax on American technology firms that operate in Canada.
globalnews.ca globalnews.ca
 
Well, I guess Canada can do whatever it likes on trade. They depend on the U.S. for a good part of their defense with the belief we will show up to save them. Or maybe they realize that nobody would bother with attacking Canada, nobody wants it but Trump.
 
ElChupacabra said:
Oh wow, 400% tariffs now?
🤣
Click to expand...

Yeah I was just about to post about dear leader’s 400% claim.

AI/Grok summary;

- Former President Donald Trump claimed that Canada imposes tariffs as high as 400% on U.S. dairy products.

- This claim is misleading and exaggerated based on available evidence.

- Canada does have high tariffs on certain U.S. dairy products under its supply management system, but these tariffs are not as high as 400%. According to the Canadian tariff schedule, the highest tariffs on dairy products, such as milk-based fats and oils, reach up to 313.5% for imports exceeding specific quotas set under the United States-Mexico-Canada Agreement (USMCA). For example, tariffs on milk can reach 241%, butter up to 298.5%, and cheese up to 245.5% when exports exceed these quotas. However, no evidence supports a 400% tariff rate on any U.S. dairy product.

- Moreover, these high tariffs only apply if U.S. dairy exports exceed the tariff-free quotas established under the USMCA, which was negotiated during Trump’s first term.

- The U.S. dairy industry has not reached these quota limits in any category, meaning the high tariffs have not been applied in practice.

- Below the quota thresholds, U.S. dairy exports to Canada face zero or minimal tariffs.

- Trump’s claim also omits that the U.S. has a similar system of tariff-rate quotas for dairy, with over-quota tariffs on Canadian imports ranging from 24% to 39% for products like butter.

- Additionally, his assertion that Canada raised tariffs under the Biden administration is false; tariff rates have remained consistent since the USMCA was implemented in 2020.

- While Trump’s broader point about Canada’s high dairy tariffs reflects a real trade issue, the specific 400% figure is inaccurate, and the claim ignores the context of quotas and the USMCA framework. Posts on X also reflect skepticism about the 400% figure, with users pointing out its inaccuracy and noting that Trump negotiated the current trade deal.

- In summary, Trump’s claim of a 400% tariff is not supported by evidence, as the highest tariffs peak at 313.5%, and these are not currently applied due to unmet quotas.

- His statement exaggerates the issue and lacks critical context about the trade agreement he signed.
 
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Integrityrespec said:
Well, I guess Canada can do whatever it likes on trade. They depend on the U.S. for a good part of their defense with the belief we will show up to save them. Or maybe they realize that nobody would bother with attacking Canada, nobody wants it but Trump.
Click to expand...
Except you have never shown up for us but we have shown up for you at least three times. Canada would like to partner with the States on trade and security but we can also chart our own way.....you are not as important as you think.
 
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