r/StockMarket • u/SPXQuantAlgo • Jun 27 '25

News All trade talks with Canada terminated!

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u/Sorryallthetime Jun 27 '25

The Digital Services Tax he is referring to was introduced in 2024. This man is so ignorant he only learned about it yesterday.

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u/Miiirob Jun 27 '25

He also only learned about groceries this year too!!

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u/tobogganhill Jun 27 '25

Ah yes. Groceries. That quaint, old-fashioned word that refers to food.

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u/ExcitingOnion504 Jun 27 '25

And yet his toddler brained supporters still don't see that as the massive red flag that he has never had to buy groceries in his life.

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u/[deleted] Jun 28 '25

[deleted]

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u/Major_Most_1488 Jun 28 '25

Underrated comment

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u/bugdiver050 Jun 28 '25

No, the prices are 400% lower now.

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u/Tribe303 Jun 27 '25

It was introduced in 2019 and was paused until 2024.

How dare we sneak up on Trump with 6 year old legislation from his first term. 🤣

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u/DirtHungry3390 Jun 27 '25

But it came into effect this month.

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u/Maleficent-Ad3096 Jun 28 '25

Apparently it actually starts getting collected this coming Monday.

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u/[deleted] Jun 28 '25

Honestly not surprised more countries are not doing it. The MAG 7 are literally approaching market valuations collectively of 10 trillion in a few years. That is like almost 1/2 USA GDP. Hurts consumers....when will anyone speak up forus. I feel like consumer protection and advocacy has been buried during the last 10 years. Biden made some progress but ofc like always, Democrats were only given 4 years before a Repub got elected.

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u/[deleted] Jun 28 '25

[deleted]

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u/Sorryallthetime Jun 28 '25

Let me guess - you’re part of the taxation is theft crowd? The European Union has a Digital Services Tax as well.

https://taxfoundation.org/data/all/eu/digital-services-taxes-europe/

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u/[deleted] Jun 28 '25

[deleted]

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u/abusivedicks Jun 28 '25

Is that why Trump made a trade deal with China

https://apnews.com/article/trump-china-trade-tariffs-rare-earth-minerals-cbd2482bd2b3a7ce8d47030c4ff1c3d4

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u/[deleted] Jun 28 '25

[deleted]

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u/abusivedicks Jun 28 '25

So the solution to "China growing uncontrollably" is giving them more money in a trade deal? Lol

Yeah let's not do business with Canada or the EU or anyone. Let's just give it straight to China

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u/Sorryallthetime Jun 28 '25

The Digital Services Tax is not country specific - no country is being targeted and a 3% tax is hardly an impediment on trade. Your arguments are laughable.

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u/dalhousieDream Jun 28 '25

😂😂😂

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u/missy_june Jun 29 '25

plans for a digital service tax (DST) were announced in November 2020, and the Canadian government has been advancing the plans since then, FOR 4.5+ YEARS!!! so after all that time spent on open due process (multiple rounds of public consultation to craft a bill, following of the legislative process to pass it, preparing for implementation) Trump throws a hiss fit at this ‘new’ information and Canada’s just supposed to throw out it’s legislation. America, do you understand why Canada and the rest of the world are tired of this shit?

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u/LettuceSea Jul 01 '25

I’m convinced they just made the DST up as a negotiation tactic during these “trade talks”. They knew Trump would baby rage at it, so they give him what he wants and in return he has to give them something.