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Canada's Deputy Prime Minister and Minister of Finance Chrystia Freeland takes part in a press conference in Ottawa, Canada, on Jan. 29, 2024.

REUTERS/Blair Gable/File Photo

Canada’s threatened tax on tech giants risks trade war

Canadian Finance Minister Chrystia Freeland plans to unveil the federal budget on April 16, a release that will be keenly watched north and south of the border. Big Tech companies, in particular, will be looking for clues about when Canada will implement its long-promised digital services tax.

Justin Trudeau’s cash-strapped Liberal government hopes to raise up to $2.5 billion over five years by imposing a 3% tax on companies like Alphabet, Meta, Uber, Amazon, and Airbnb. First promised in the 2021 budget, the Trudeau government said it would implement the tax on Jan. 1, 2024, retroactive to 2022.

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Crisis at the WTO: Fixing a broken dispute system
- YouTube

Crisis at the WTO: Fixing a broken dispute system

The appeals body of the World Trade Organization (WTO) is like the Supreme Court for global trade. But it’s fundamentally broken: it hasn’t been able to hear any cases or issue decisions since 2019.

The US has blocked new appointments of WTO appeals judges under the Obama, Trump and Biden administrations, complaining that the organization’s rules have hurt US jobs and industry while it lets China protect its massive domestic market from foreign competition. Until WTO reform happens, the US says, it will block any new judges from sitting on the appeals bench.

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Trudeau’s fight with big tech could bleed into US election
Annie Gugliotta

Ottawa, Washington at odds over digital tax plan

The Canadian government has outlined its plans for a digital services tax, which will hit online retailers and social media platforms with a 3% tax on Canadian revenue.

Trouble is, the Liberals’ tax battle with tech titans poses a threat to the carefully laid international plans of their political allies in Washington, according to a Politico report.

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Australian businesses forced to adjust as China trade curbs bite

November 23, 2020 8:12 PM

SYDNEY - Outside the small town of Quambatook on the grain-rich land of south-east Australia, Mr Brett Hosking runs a barley and wheat farm that has belonged to his family for about 110 years.

Australia calls for clarity from China over embargo reports

November 05, 2020 5:00 AM

SYDNEY/BEIJING • Australia's Trade Minister yesterday called for greater clarity from China over reports that an embargo could hit a slew of industries by the end of the week and further escalate tensions between the two countries.
China's global ambitions & plummeting relationship with the US
Ian Explains: China's Global Ambitions & Plummeting Relationship with the US | GZERO World

China's global ambitions & plummeting relationship with the US

"US/China relations have been plummeting. Pretty much everything is getting worse," Ian Bremmer tells viewers in this week's episode of GZERO World. In this commentary on the current state of play between the two global powerhouses, Bremmer breaks down the chess game that could be leading to a new Cold War: Travel between the two sides is restricted. Trade and tech competition abound. Beijing is consolidating control over Hong Kong and threatening Taiwan, while its internment of Uighurs has grown more severe. Meanwhile, Europe and developing nations alike are left with a very difficult choice.

Trump won't back off TikTok ban; China may react against US tech firms
Trump Won't Back Off TikTok Ban, So China May React to US Tech Firms | World In :60 | GZERO Media

Trump won't back off TikTok ban; China may react against US tech firms

Ian Bremmer shares his perspective on global politics on this week's World In (More Than) 60 Seconds:

Donald Trump, TikTok, and Microsoft. What's the story?

Well, the story is that this incredibly successful app that teenagers everywhere seem to really love is functionally owned by China, they are based in the Cayman Islands, registered there, but the Chinese government has itself said that TikTok is a Chinese firm. And that means that the United States, which is involved in a technology Cold War with China, has been looking to hit Chinese tech firms and make it much more difficult for them to act in the United States. I remember there was one Chinese firm that was trying to buy Grindr, which is this app where I think, you know, men can meet men for dating and whatnot, and the idea, in Congress especially, saying, "oh, my God, we can't possibly have China having data like that." Well, I mean, same sort of thing.

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Quick Take: Cautious COVID optimism, TikTok & China sanctions
Ian Bremmer: Cautious COVID Optimism, TikTok & China | Quick Take | GZERO Media

Quick Take: Cautious COVID optimism, TikTok & China sanctions

Ian Bremmer's Quick Take:

Happy Monday, we are in August, summer, should be taking it a little easier. Coronavirus not taking the stress levels off but hopefully giving people the excuse, if you're not traveling so much, be close with your families, your loved ones and all that. Look, this is not a philosophical conversation, this is a talk about what's happening in the world, a little Quick Take for you.

First of all, you know, I'm getting a little bit more optimistic about the news in the United States right now. Yes, honestly, I am. In part because the caseload is flattening across the country and it's reducing in some of the core states that have seen the greatest explosion in this continuation of the first wave. Yes, the deaths are going up and they should continue to for a couple of weeks because it is a lagging indicator in the United States. But the fact that deaths are going up does not say anything about what's coming in the next few weeks. That tells you what's happened in the last couple of weeks.

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