Donald Trump wants to end the commercial conversations with Canada immediately. Moreover, the import of goods to the United States should become more expensive according to the will of the US President. The next phase of his rates should be in July.
Trump announced on his social social platform to immediately terminate the trade discussions with Canada.
According to the US president, the reason that Canada wants to impose a tax on digital services, also for American companies. According to Trump, this is “a direct and undisgested attack on our country.”
“Unspaintable stress”
“Because of this shameful tax, we hereby terminate all discussions about trade with Canada. We will inform Canada the rate within the next seven days that you have to pay for stores with the United States. We thank you for your attention,” Trump said.
Trump wants to implement punitive rates from July – countries will receive a letter
According to Trump, the most recently exposed criminal rates for almost all trading partners of the United States should be in July. Currently, trade agreements would be negotiated or concluded with some countries, but others would soon receive a letter with the amount of rates that are valid for their input in the future, Trump said in the White House. The United States would just tell them “what they have to pay to do business in the United States”.
Trump had announced the new – and sometimes very high – rates for import from many countries in the spring, but initially exposed them to the stock markets and financial markets for 90 days after mass errors, which corresponds to a period until July 9. Various important trading partners, including the European Union, negotiate with the United States to agree on new agreements and to avoid the high rates.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
