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A statement was released from the White House regarding discussions that have taken place between high-ranking officials from the U.S. and China. Over two days, intense and productive negotiations over the economic relationship between the two countries were discussed and a wide range of issues were covered. The statement confirmed that the U.S. will be moving forward with the increase from 10% to 25% in additional tariffs on $200 billion worth of goods from China effective March 1.
Dear Valued Client,
On Sunday, Canada rescinded the Digital Services Tax in an effort to continue trade discussions with the United States.
Reports are that the US President and the Prime Minister of Canada have agreed to continue talks.
Additional updates will follow once they are available.
Dear Valued Client,
Almost 90 days after the President authorized the 90 days PAUSE on higher country rate reciprocal tariffs, some countries have made progress and some have made deals.
As July 8 approaches, there is talk from the President indicating that some of the reciprocal tariffs will go back into effect for countries that have not worked on a deal.
Additional updates will follow once they are available.
The President has announced on Truth Social that all discussions on trade with Canada have been terminated effective immediately. The President stated that the termination is because of years of tariffs on dairy products at 400%, and a recently announced Digital Services Tax on American tech companies.
The President also stated that the tariff rate for Canada will be announced in the next seven days.
Check out the link below:
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