Canada BOWS DOWN to Trump’s PRESSURE | Rescinds Digital Tax after Trump ‘KILLED’ Trade talks
Video Credit: Oneindia - Duration: 03:12s - Published
Canada BOWS DOWN to Trump’s PRESSURE | Rescinds Digital Tax after Trump ‘KILLED’ Trade talks
Canada has officially scrapped its controversial 3% Digital Services Tax after former U.S. President Donald Trump halted all trade talks and threatened new tariffs.
The tax, set to target tech giants like Amazon, Google, and Meta, faced intense U.S. backlash.
Finance Minister Champagne said rescinding the tax is essential to reviving stalled negotiations.
Ottawa had previously vowed not to yield, but with over 80% of Canadian exports reliant on the U.S., the rollback clears the way for renewed talks ahead of a July 21, 2025 deadline.
#Canada #DigitalTax #Trump #USCanadaTrade #TradeTalks #Amazon #Meta #Google #TechTax #TariffThreat #DigitalServicesTax #Ottawa #MarkCarney #USExports #TradeFreeze #BreakingNews #EconomicPolicy #TradeDeal #CanadaUSRelations #FinanceMinister #TradeReversal #DigitalEconomy #CanadaBacktracks #TrumpTariffs #TaxRollback #BilateralTalks #GlobalTrade
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U.S. President Donald Trump has ignited a global trade storm by raising tariffs on Canadian imports to 35%, accusing Ottawa of failing to curb fentanyl and drug flows into America. Prime Minister Mark Carney defended Canada’s efforts, but Trump claimed negotiations fell short. The new rate—up from 25%—comes amid broader tariffs hitting dozens of countries.
Despite the USMCA shielding nearly 90% of Canadian exports, key goods like dairy, wood, and leather may still be taxed. Trump spared Mexico for now but warned that other nations—including Taiwan, India, Laos, and even Switzerland—face harsh levies, some as high as 41%. Critics warn of soaring consumer prices and economic disruption, but the White House insists the tariffs are "rebuilding the greatest economy in history." With global trade talks in limbo and retaliations expected, this marks Trump’s boldest move yet in his battle to reset world commerce.
#TrumpTariffs #CanadaTradeWar #USCanadaTensions #35PercentTariff #GlobalTradeCrisis #DrugPolicy #USMCA #TrumpNews #FentanylCrisis #MexicoTrade #IndiaTariff #TaiwanSanctions #Laos40PercentTariff #TradeDeficit #TrumpTradePolicy #MarkCarney #WhiteHouseOrders #EconomicShockwave #TrumpVsWorld #TradeWar2025
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In a seismic shift in foreign policy, Canada has announced it will formally recognise the State of Palestine at the 80th UN General Assembly session in September 2025. Prime Minister Mark Carney declared the move essential to preserve hopes of a two-state solution—calling current efforts "eroded before our eyes." The decision follows similar recognitions by France and the UK, creating a powerful bloc pushing for Palestinian statehood. However, Carney made the recognition conditional—insisting on PA reforms, 2026 elections excluding Hamas, and full demilitarisation. Israel has blasted the decision, calling it a "distorted campaign of international pressure" and warning it legitimises Hamas's October 7 atrocities. Palestinian President Mahmud Abbas hailed the move as “historic.” The tension between international recognition and Israeli resistance could reshape global diplomacy on the conflict.
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Amid escalating trade hostilities from Trump’s high‑tariff agenda, Canada is forging a bold new path. Industry Minister Mélanie Joly announced Ottawa’s plan to defend jobs and supply chains by intensifying economic diplomacy and forging trade ties beyond the U.S. “While the U.S. becomes weaker,” Joly declared, “we will become stronger.”
With Washington threatening a sweeping 35% tariff starting August 1—and even mooting 50% levies on copper and 200% on pharmaceuticals—Canada is accelerating deals with the EU and diversifying its export strategy. Prime Minister Mark Carney called urgent cabinet and provincial meetings to map out the response and signal unity. Ottawa remains poised not just to withstand the U.S. onslaught but to come out fortified. As global unpredictability grows, Canada is betting big on economic resilience and a multipolar trade future.
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#protectjobs #markcarney #melaniejoly #canadianexports #tariffthreat
#northamerica #economicstrategy #canadagetsstronger #trumpeconomics #worldtrade
Trump launched a scathing attack on Canada after abruptly ending trade negotiations, calling the country “VERY DIFFICULT to deal with.” Trump claimed the U.S. holds all the leverage, warning Ottawa that “we have all the cards” as tensions escalate over Canada’s proposed digital tax on American tech giants. The collapse of the talks has raised fears of a new trade war between Washington and Ottawa.
#TrumpCanadaTrade #CanadaTradeTalks #TrumpTariffs #USCanadaTrade #TrumpVsCanada #CanadaTradeWar #TrumpCanadaPolicy #TrumpCanadaRelations #CanadaTradeNews #TrumpTradeNegotiations #CanadaTariffs #TradeTalks #TrumpCanadaDeal #DonaldTrumpTrade #CanadaUSRelations
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Just days after a headline-making wedding in Venice, Jeff Bezos stunned the public with a dramatic new look at the Allen & Co. conference in Sun Valley, Idaho. Known for his bald appearance for over a decade, the Amazon founder was spotted with thick, white-grey hair on the sides of his scalp. This surprising transformation follows a history of reinvention—including a viral Vogue cover in 2023. His wife, Lauren Sánchez, who dubbed him “a beast in the gym,” revealed he even stole her fitness trainer. The power couple remains firmly in the spotlight.
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Explained! Why President Trump abruptly ended all trade talks with Canada. Trump called Canada's Digital Services Tax a “direct & blatant attack” on U.S. firms. The tax, retroactive to 2022, targets tech giants like Amazon, Meta, and Google, sparking fierce backlash. Trump also threatened new tariffs on Canadian exports, reigniting major trade tensions. With over 80% of Canadian exports headed to the U.S., the move could disrupt industries and escalate economic strain on both sides of the border.
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