Trump says it disables trading negotiations with Canada

US President Donald Trump has said he immediately disables trading talks with Canada when the country seeks to start a tax policy aimed at large technology companies.

The last step he announced in the social media comes when neighboring countries worked to agree with the trade transaction by mid -July.

Both countries imposed tariffs on each other after Trump summoned the trade war earlier this year and threatened to annex Canada using “economic power”.

On Friday, the US president said he had finished talks with what he called “outrageous tax” to technology companies, and added that it would announce new tariffs for goods crossing the border over the next week.

“We stop all trade discussions with Canada, acting immediately,” he wrote on social media.

“We will inform Canada they will pay for business with the United States of America for the next seven -day period.”

In short comments, Prime Minister Mark Karnya suggested that the negotiations would continue.

“We will continue to negotiate these difficult negotiations in the interests of the Canadians,” he said.

3% of the digital services in Canada became a noticeable moment in relations with the US because the law was passed last year. The first payments should be on Monday.

Business groups estimate that it will cost US companies such as Amazon, Apple and Google, more than $ 2 billion a year.

Canadian officials said they were expecting a solution to the US trade negotiations.

There were hopes that the relatively warm relationships that Carney recently created with Trump could help these negotiations.

The last step of the president raises doubts about the future deal, although Trump has often used threats in social media to try to get leverage or accelerate the negotiations he considers delay.

For example, last month he threatened to increase tariffs on goods that arrived ashore from the European Union just to go down A few days later.

Candas Ling, Executive Director of the Canadian Chamber of Commerce and Industry, which was critical of digital services, stated that “we should expect” the last minute as a term for approaching the transaction.

“The tone and tenor of the talks have improved in recent months, and we hope the progress is ongoing,” she added.

During Trump’s first term, the White House fought hard as many countries began to consider taxes on digital services.

But Ina Malak, a trade policy fellow at the Foreign Relations Council, noted that the issue remained unresolved in the US and UK trade agreement reached earlier this year, which testifies to a certain flexibility.

She said that Trump’s threat seemed to move to the pressure of his typical book “Talking” – but there was also a sign that the president reoriented in Canada, which could open the way to the transaction.

“It gives a little opening – maybe not the one that Prime Minister Carney wanted … But it gives them a place to accelerate these negotiations,” she said.

The United States is the main trading partner in Canada, buying more than $ 400 billion last year as part of a long -term free trade agreement.

But Trump hit this trade with a new 25% tariff earlier this year, citing drug trafficking at the border.

New US cars, steel and aluminum also changed relationships. For example, car details cross us, Mexican and Canadian borders several times before the vehicle is fully collected, and such import taxes threaten supply chains.

Later, Trump cut out some goods before the wide alarm from the enterprises both in the US and Canada, which reflected on its own tariffs on some US products.

The US shares fell on Friday after Trump said he was refusing the negotiations, but later jumped back when the S&P 500 closed on a record high.