I was unaware until this interview the July 1st digital services tax that Canada is going to apply to U.S. tech companies is retroactive in application. Over a billion dollars will be due on Monday as a result of Canada’s targeting.&nbsp; Duplicitous Snow Mexicans.

Treasury Secretary Scott Bessent outlines the details of what Canada did and why President Trump is responding so forcefully. Bessent also explains that the EU doesn’t have a digital services tax, but some European countries do. President Trump is factoring in those targeted tariffs against our tech industry as he seeks to execute new trade agreements with the EU. WATCH:

I was unaware until this interview the July 1st digital services tax that Canada is going to apply to U.S. tech companies is retroactive in application. Over a billion dollars will be due on Monday as a result of Canada’s targeting.  Duplicitous Snow Mexicans. Treasury Secretary Scott Bessent outlines the details of what Canada did […]{ai:summary}Canada's new digital services tax, effective July 1st, will retroactively impose over a billion dollars in fees on U.S. tech companies. Treasury Secretary Scott Bessent discusses the implications and President Trump's strong response as he navigates trade agreements with the EU.The situation highlights the complexities of international trade and taxation, particularly as some European nations also implement similar taxes. #politics

Treasury Secretary Scott Bessent Explains Severity of Response to Canada's Digital Services Tax - The Last Refuge

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