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Ottawa Backs Down on Digital Tax Dispute Amid Pressure from Trump White House

Canada has reportedly agreed to delay its planned digital services tax (DST) following pressure from former U.S. President Donald Trump’s administration, according to a recent statement from the White House. The tax, which was originally slated to target tech giants like Amazon, Meta, and Google, had been a major sticking point in U.S.-Canada trade discussions. The White House claimed Canada “caved” to U.S. demands after months of negotiations, with Trump’s team arguing the tax unfairly targeted American firms. The Canadian government, however, framed the delay as a strategic move to preserve economic stability and avoid retaliatory tariffs. Critics within Canada argue that the government’s decision reflects a growing trend of yielding to U.S. economic influence, while others say the delay is pragmatic given ongoing global talks about a coordinated approach to taxing digital revenues. The issue remains contentious, and observers are watching closely to see whether Canada will revive th...
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Trump Doubles Tariffs on Steel and Aluminum Imports to 50%

In a bold move aimed at bolstering domestic industry, U.S. President Donald Trump has announced that tariffs on steel and aluminum imports will be doubled from 25% to 50%, effective Wednesday, June 4. Speaking at a rally in Pennsylvania, Trump emphasized that the increased tariffs would protect American steelworkers and ensure the survival of the U.S. steel industry.

Trump also highlighted a planned partnership between U.S. Steel and Japan’s Nippon Steel, which he claims will bring significant investment into American steel production. However, details of the deal remain unclear, and concerns persist among labor unions regarding its impact on workers.

The tariff hike is the latest in Trump’s aggressive trade policies since returning to office in January. While supporters argue that such measures safeguard American jobs, critics warn that they could escalate trade tensions and drive up costs for industries reliant on imported metals.

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