Welcome to Aprokoman - Naija Gossip Hub

Trump mulls tariffs on Canada, France over digital services taxes - Aprokoman - Naija Gossip Hub

Trump mulls tariffs on Canada, France over digital services taxes

by Balizzle Legend of Gist
03:25 am on February 14, 2025
90 views
0 replies
Image
President Donald Trump of the United States on Thursday said he planned to impose tariffs on Canada and France over their digital services taxes on US technology giants, which has been a long-standing irritant.

Recall that Canada, seeking to address the challenge of taxing digital giants like Google parent Alphabet and Amazon.com, began imposing the tax in June last year.

The US president tasked his economics team on Thursday with devising a plan to impose reciprocal tariffs on every country that levied duties on US imports.

According to a White House fact sheet, which stated that only America should be allowed to tax American firms, Canada and France used digital services taxes to each collect over $500 million per year from US companies.

“Overall, these non-reciprocal taxes cost America’s firms over $2 billion per year. Reciprocal tariffs will bring back fairness and prosperity to the distorted international trade system and stop Americans from being taken advantage of,” the fact sheet said.

It could be recalled that last year, under the previous Biden administration, Washington requested trade dispute settlement consultations with Canada over the tax, calling it discriminatory.

Meanwhile, the office of Canadian Prime Minister Justin Trudeau has not yet commented on the development.


https://dailypost.ng/2025/02/14/trump-mulls-tariffs-on-canada-france-over-digital-services-taxes/

Related Topics

210 beggars apprehended as crack down on scavengers, one-chance begins in Abuja I’m loyal to Buhari, won’t return to work for Atiku – Garba Shehu You’re wrong, Tinubu helped Buhari in 2015 – Former Buhari’s ally tells ex-SGF, Mustapha

Comments & Replies

No comments yet. Be the first to reply!

Login to Reply