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BREAKING: Canada BOWS to Trump! Digital Tax SCRAPPED in Dramatic Trade Showdown!
In a jaw-dropping move that has sent shockwaves through North America, Canada has abruptly CANCELLED its controversial digital services tax aimed at BIG U.S. tech giants! That’s right! Prime Minister Mark Carney just threw in the towel after President Trump unleashed a scathing Twitter tirade, calling the tax a “direct and blatant” ATTACK!
Emergency Measures! Tax axed HOURS Before Deadline!
Less than 24 hours before the 3% tax was set to take effect on June 30, the Canadian government made the stunning announcement. Finance Minister François-Philippe Champagne declared that ditching this tax is vital to “reviving negotiations” with the U.S. and boosting job growth for Canadians. The tension has NEVER been higher!
Trumplandia Strikes Back!
Just last week, Trump threatened to TERMINATE trade talks with Canada in retaliation against this very tax! After a tense period of easing trade relations, it looks like the North American trade WAR is back, and it’s fiercer than ever! “Until they drop certain taxes, yeah,” Trump raged on Fox News, pointing out, “Canada is very nasty to deal with!”
C$7.2 Billion Windfall—POOF!
What about the C$7.2 billion that the tax was projected to generate over five years? In a shocking twist, it’s GONE! Canadian businesses are heaving a sigh of relief, even as critics whispered that the tax could have crippled the economic relationship with the U.S. Goldy Hyder, president of the Business Council of Canada, warned about the risks of this “unilateral” move.
Election Shocker: Carney in the Hotseat!
This unprecedented hostility between the two nations dominated the recent Canadian election, boosting Carney’s Liberal party to victory. Just weeks ago, Carney vowed to stand strong against Trump—now he’s scrambling to salvage crucial trade talks!
Defense Spending Soars! NATO Targets Hit!
Adding to the drama, Carney recently announced an emergency boost to Canada’s defense spending, aiming to meet NATO targets sooner than expected. All while Trump hounds Canada and other NATO members about their contributions!
Trade Titans Clash!
Canada’s relationship with the U.S. is worth a staggering C$1.3 trillion! With most Canadian products heading south of the border, the stakes have NEVER been higher. Carney is now scrambling to reform the economy and reduce dependence on the U.S., trying to tear down internal trade barriers that have long stifled growth.
Stay tuned, folks! The battle for North American trade supremacy is FAR from over! Will Canada manage to stabilize its economy, or will Trump’s threats drive them to the brink? The world is watching!
photo credit: www.ft.com
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