Following the dissolving of his government over tax issues, Canadian Prime Minister Mark Carney and the Trump administration agreed to restart trade discussions, targeting a deal by July 21, as reported by Canada’s Department of Finance.
Trump has consistently criticized “non-tariff barriers” by other nations, especially those affecting the tech sector.
Britain’s digital services tax has attracted Trump’s interest, though the British trade secretary indicated to POLITICO last week that the tax reduction is not part of the current U.S.-U.K. trade negotiations.
It was reported by POLITICO and others last week that Europe suggested willingness to adjust the Digital Markets Act to secure a trade deal with the U.S. However, comments from EU competition chief Teresa Ribera published Monday refuted this.
“We will not compromise … around sovereignty and regulation on how to work in our own market,” Ribera stated to The Capitol Forum, according to excerpts from an interview accessed by POLITICO.
With the deadline of July 9 approaching, and impending U.S. tariffs, major EU stakeholders are divided on rushing into a deal versus securing improved terms.
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