After his government folded on the tax, Canadian Prime Minister Mark Carney and the Trump administration agreed to resume trade talks, aiming to reach a deal by July 21, according to Canada’s Department of Finance.
Trump has repeatedly railed against “non-tariff barriers” imposed by other countries — particularly regulations and taxes on the tech industry.
Britain’s digital services tax caught Trump’s attention, though Britain’s trade secretary told POLITICO last week that reducing it is not part of ongoing U.S.-U.K. trade talks.
POLITICO and other outlets reported last week that Europe has indicated it’s willing to be flexible on the Digital Markets Act to clinch a trade deal with Washington. But in comments published Monday, EU competition chief Teresa Ribera pushed back.
“We will not compromise … around sovereignty and around regulation on how to work in our own market,” Ribera told The Capitol Forum, per excerpts from an interview seen by POLITICO.
With a July 9 deadline looming — and U.S. tariffs set to kick in — major EU players are split over whether to rush a deal or hold firm to secure better terms.
