Welcome to our community

Be apart of something great, join today!

Register Log in

Tariffs Catch-All

  • Thread starter Thread starter BubbaOtis
  • Start date Start date
  • Replies: 4K
  • Views: 120K
  • Politics 
nycfan said:
Click to expand...

“…
China’s Commerce Ministry, in a written statement carried by state media, appeared to confirm details of a deal alluded to by President Trump hours earlier, with Beijing promising to “review and approve eligible export applications for controlled items in accordance with the law.”

… As part of a follow-up meeting in London to reaffirm the terms of the Geneva meeting, China also said the U.S. would lift a series of measures imposed against it, without providing details.

During an event at the White House on Thursday, Trump said the U.S. had “just signed” a deal with China, though he didn’t mention rare earths. U.S. Commerce Secretary Howard Lutnick later said in a television interview on Thursday that the agreement had been signed two days earlier….”

——
Progress and a sigh of relief in the auto industry, among others, but not quite a full-blown trade deal as Trump seemed to imply yesterday.
 
He might be referring to cloud services. Europe is worried about some sort of order preventing Amazon etc from providing cloud services to European companies or countries.
 
nycfan said:
IMG_7692.jpeg
Click to expand...
“… Canada’s 3 percent digital services tax has been in place since last year, but the first payments are only due beginning on Monday. Because the tax is retroactive, American companies were preparing to turn over roughly $2.7 billion to the Canadian government, according to a trade group for large American tech companies.

U.S. officials from both parties have long chafed at taxes like the one Canada has imposed, calling them unfairly targeted at services provided by American companies like Google, Apple and Amazon. The foreign policies target the revenue that businesses earn from online advertising, the sale of user data and other services, even if the firm is headquartered elsewhere.

Countries around the world have pursued them as a way to capture revenue from the largely American companies that play increasingly important roles in their economies….”

 

Canada Rescinds Digital-Services Tax to Salvage Trade Discussions With U.S.​

Carney, Trump will try to reach an agreement by July 21, Canadian spokeswoman says​


🎁 —> https://www.wsj.com/world/americas/...1?st=rDGn5t&reflink=desktopwebshare_permalink

“… Canada’s finance department was set to collect billions of dollars from U.S. tech companies starting on Monday, when payments were due under a digital-services tax that Canada’s Liberal government implemented last year, under former Prime Minister Justin Trudeau.

On Sunday, the government announced it would pause collections and introduce legislation in Parliament to rescind the tax, “in anticipation of a mutually beneficial comprehensive trade arrangement with the United States.”…”
 
You must log in or register to reply here.
Back
Top