Canada late Sunday said it would rescind a new tax it planned to collect from large tech companies after President Donald Trump last week called the levy a “blatant attack” on the United States and said he would suspend trade talks with Ottawa over it.
In a statement, the Canadian government said Prime Minister Mark Carney and Mr.Trump had agreed to resume negotiations on a “mutually beneficial comprehensive trade agreement” and would aim to reach a deal by July 21.
Notably;it also seems obvious that the only way to resolve the China problem (i.e. its multi-decade predatory export model) is through a globally coordinated agreement with trading partners, to put China in the global trade "penalty box" (to isolate China).
And it appears now that it might be accomplished through secondary tariffs. If China continues buying sanctioned Russian oil (which they will), the Western world will likely soon be pressured by Mr.Trump to impose large (triple digit) tariffs on China.
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