U.S. President Donald Trump said Friday he’s terminating all trade discussions with Canada effective immediately.
“We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period,” Trump said in a social media post.
He says he’s pulling back from the bilateral trade discussions because Canada plans to move ahead with its digital services tax (DST), which requires web giants pay a special tax.
Set to take effect on June 30, the DST requires U.S. companies like Amazon, Google, Meta, Uber and Airbnb pay a three per cent levy on revenue from Canadian users — a policy enacted by former prime minister Justin Trudeau’s government that the Parliamentary Budget Office projects will bring in billions of dollars in revenue.
“We will let Canada know the Tariff that they will be paying…”
How has he still not learned that it is Americans and American businesses that pay the tariffs.
He knows, but he also knows that his base is too dumb to recognize it, so he lies because raising taxes on Americans is unpopular.
He also knows that if he just repeats things people will believe them, even in spite of evidence they can see, feel and touch.
What a stupid timeline, in which the above is true🙄
He’s committed to the “big lie” strategy. And unfortunately it works well for what it does if you dgaf about consequences imposed by reality playing none of your games
I’m not certain what he knows or does not know. In any case, his message to MAGA is clear, Canada will pay, and they’ll believe it.
MAGA’s razor: it’s both malicious and stupidity.
I mean, he did make Mexico pay for the wall that he built. Right guys? He did, didn’t he? Fox News said that he did, and they wouldn’t lie, right?!?
Of course he did! Do you not remember? It was in the summer of 2022. President Biden launched a surprise nuclear assault on France. Every major American city was leveled. With NATO in ruins, Mexico built a wall to hold back the tide of refugees above the border. They also sent humanitarian and financial assistance, thanks to a deal masterminded by Trump.
ERR3067 TIMELINE CATALOGUE CORRUPTION
simspons did an episode of a retalitory french nuclear strike.
Nah. Fox News is (usually) more subtle than that. They simply stop talking about fails. And that’s all it takes. Just stop talking about the fail and talk about something else. Why bother lying when you can STFU and get the same or better results?
It’s not so much whether or not he knows it, so much as how much he cares. He knows what he says will get his base riled up, and that’s what he likes. It strokes his ego and gives him more power.
That could be true, but he is dumb enough to not understand. Malice or ignorance are always possibilities.
hes also been obsessed with tariffs since forever.
Oh he knows. He’s just compelled to lie by whatever that jelly is in his head that is a brain in normal people.
Right, but he can’t raise income tax very much, and he needs money to give to all the rich fuckers, so a big federal sales tax “disguised” as a tariff is a decent way to raise funds.
Don’t need to raise the income tax. The government makes up the money. Could simply turn on the printers and give to the billionaire. The cruelty is the point as it always is.
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Congrats to Canada on their newfound status of not having to listen to trumps noise anymore.
And no worries, America will be back soon on its knees groveling for lumber and fish. Just ship it through Mexico, itll be fine.
Lol oil. Railcar from Alberta to BC, onto a tanker to Mexico, then railcar back up to Montana for the refineries that are tooled specifically for tar sands oil.
Sure it’s expensive, but oil from across the pond is about to be as well, or did Iran back down on that?
I’d like someone to do the maths for me how much energy will be used versus how much is created after all that…
We will let Canada know the tarrif that US citizens will pay to get Canadian products. That’s what he means, though he is too much a dumbass to know it.
How dare the Canadian government get American companies to pay their fair share for operating here [in Canada]
How dare they charge *checks notes* the same thing Visa and Mastercard charge everyone in our entire country for everything.
At least they are not charging American Express numbers. (really blowing out your closest trading partner over 3% on netflix is nuts)
Canada needs to start cashing in their US Bonds. Let’s watch the US economy start to crash.
I feel like that’s probably our nuclear option and we’re holding out for now since it’s likely Trump chickens out again
It’s Carney’s primary strategy. This plus the Canadian who died in ICE custody should speed up the sell off. Japan will likely join.
I hope not. Please do it. tRump and his shit-sucking base only give a shit when the leopard is dousing them and theirs in hot sauce. If crashing and burning this fucker and our country is what it takes to end him and them, don’t wait! Do it slowly, like someone shredding important documents.
Bonus points if they or anyone does it each time this regime tries to lie or bury that pressure point. Rich people back this fuck-squad because they care about two things: their money and their lives. Threaten one and/or the other until they abandon him!
Agree with @regedit Canada should cash in a few bonds, and when president felon freaks out, do a few more. Explain to the orange child that he needs to shut up about Canada, drop the tariffs and observe the trade agreements. America deserves all the backlash the world is piling on it right now. Republicans are vile scum, treat them with the disrespect they have earned.
Especially considering the rating of those bonds dropped after some ignorant spray-tanned chimp decided to skullfuck a functioning and stable economy.
We will let Canada know the Tariff that they will be paying
…that’s… not how this works…
After all this time he still has no idea how tariffs work.
Or he’s a fucking liar.
Doesn’t matter, it’s what his sycophants believe. If Trump does it/says it - it becomes the truth to them. It’s the result of a decade or more of brainwashing on tens of millions of trump fans by Fox News etc
It works like that when you assume the other country will desperately lower their export prices and eat the difference so in the end it’s still sold at the same price in the country raising the tariffs. In practice the greedy capitalists raise prices in the shops at the mere mention of the concept of tariffs, even when the product is produced locally.
Canada geese are my favorite bird. I see them by the lake all the time. They are perfectly well-behaved, until you deliberately try to piss them off.
- Sitting too close to the water with a nice sandwich can be interpreted as deliberately pissing them off.
Right? They have a terrible rep but they’re pretty fair in my experience. The only time I’ve angered one was when I stepped too close to take a picture of her babies and she did this grass filled mouth hiss at me like a cat. Which to be fair, is fair
When I was 4 or 5 I went to the zoo with school and the woman who was showing us round starts telling us about these Canadian Geese and my teacher asked where they were from …the employee dryly says “Canada, would you believe…”.
Well lets see I wonder what the reason for this could be. Could it be the deal we signed with Greeland on Thursday? Could it be the 2.5bil US companies owe us on Monday? Could it be the fact they murdered one of our Citizens? gee which one could it be?
Fuck em and fuck that country. I hate Nazi’s and it makes my stomach churn that I have to live above a nation full of them.
Oh, but didn’t you hear? They hold all the cards, despite not actually holding any cards…
I bet you that the shell taste more like cheese then that pre-shredded shit on there.
I’ve had one.
It does not.
It tastes salty and orange.Oh wow.
Good. I was a bit worried that we’d make some concessions to end the tariffs. Once you’ve paid the Dane-geld you’ll never get rid of the Dane. We have other partners to trade with.
Canada should back out of the USMCA and stop respecting US IP
It would be highly amusing for Canada to start making Star Wars films without Disney’s approval, along with a little “Come get me fuckers”.
With the Trailer Park Boys as the main characters. Bubbles as Han Solo.
Some of us never started
If you don’t mind losing leg so the other guy gets cancer. Canada needs more time to detach first.
US already contravened it, thanks to Trump, CUSMA is pretty much meaningless now. That being said, Canada wont contravene our side, but we’ll humour the US in their bullshit just as we make better deals with reliable countries, leaving the US behind.
That means nothing. He will taco. Then Canada will get even more pushed away from our once great partnership.
Remember how Trump fucked up the election in Canada for the conservatives? They literally had it in the bag. But Taco showed up with his tiny mushroom dick.
If people could stop putting that man’s meat and two veg in my head, that would be great…
If I were say… Disney, I’d consider planning a Canada Disney Land due to all the missed non-American’s avoiding tourism in Florida. Just Sayin’…
Yeah, well, Trump says lots of things. None of which have any meaning or worth. He’ll be saying the opposite next week.
Set to take effect on June 30, the DST requires U.S. companies like Amazon, Google, Meta, Uber and Airbnb pay a three per cent levy on revenue from Canadian users
Good.
It should be a lot higher, honestly. Encourage building Canadian services and using European services instead of relying on predatory American monopolies.
3% of revenue is a substantial number.
However, even better:
The tax, which will take effect on 30 June and be applied retroactively from 2022, will impact both domestic and international companies, meaning American giants Amazon, Google, Meta, Airbnb and Uber will have to start payments from Monday.
hah, imagine companies asking customers for taxes back from 2022
You know this is not how it works, yes?
I mean it doesn’t stop companies trying to comply with the law the worst way possible
It is a corporation tax, not the sales tax.
They are using the turnover to estimate tax liability because taxing profits achieved in a single country by digital multinationals is bordering on impossible (and too easy to avoid).
Yup. Companies avoid paying taxes in one country by getting their divisions in other, lower tax countries to charge the one in the high tax country so much for intellectual property and branding etc that they make a loss in the high tax country, which in some countries entitles them to a tax rebate. It’s insane.
Yes and no. Companies will always try to pass expenses like tax onto their customers. My guess is they will increase rates on customers significantly to recover some of those unexpected retroactive costs in the near term with the side effect of increasing revenue above the 3% tax in the long term.
