President Donald Trump last month got Canada to kill a blatantly unfair tax on US-based companies, but the fight against foreign meddling in America’s tech industry has a long way to go.
Canada’s Digital Services Tax was set to slap companies like Google, Meta, Amazon, Uber and Airbnb with a 3% levy on revenue from Canadian users — until Trump canceled trade talks over what he rightly slammed as an “egregious” move.
Prime Minister Mark Carney promptly nixed the fee hours before it would’ve kicked in.
Good: The tax was a shameless cash grab at the expense of American companies — and it was retroactive, demanding US-based tech firms fork over a whopping $2 billion.
Note that the Biden administration also opposed the tax, and even whined that it might violate the USMCA trade agreement — but did nothing to actually stop it.
Making Carney back down is fresh