Trump is bullying Canada over ‘digital taxes’ and Canada caved | Joseph Stiglitz

The question now: will countries cave in to these threats or stick together and collect the billions they are rightly owed?Donald Trump’s announcement calling off trade talks with Canada over its digital tax – and that he would impose retaliatory tariffs – demonstrates, once again, not only the president’s ignorance of economics and willful disregard of international norms and the rule of law, but also his willingness to use brute power to get whatever he and the oligarchs who support him want.He was wrong in labeling the tax as outrageous and “a direct and blatant attack on our country”. It is actually an efficient tax, well designed to ensure that the technology companies – the profits of which benefit the tech oligarchs who have come to dominate US policy – pay their fair share of taxes.Joseph E Stiglitz is a Nobel laureate in economics, university professor at Columbia University and chief economist of the Roosevelt InstituteAnya Schiffrin, senior lecturer at Columbia University’s School of International and Public Affairs, and her student Philip L Crane contributed to this piece Continue reading...

Comments

Business News

Finding quality time together as parent more difficult, research suggests

Independent

Silicon Valley venture capitalist Shaun Maguire refuses to cave to backlash after calling out Mamdani for pursuing ‘Islamist agenda’: ‘You only embolden me’

about 5 hours ago

Watch Chelsea vs Fluminense in Club World Cup semi-final for free on UK TV and live stream

Mirror

Comments

Similar News

Trump calls for probe of Jerome Powell over $2.5 billion HQ revamp as ongoing feud intensifies: ‘he’s terrible’

Trump escalates trade war with plans for 50% copper tariff

Supreme Court allows Trump to resume mass federal layoffs for now

Supreme Court Allows Trump’s Mass Firings At Federal Agencies

Trump Calls Questions About Epstein Investigation A ‘Desecration’ Amid Pushback From Right-Wing Base

What Is a Trade Deal? Trump Takes an Expansive View

Supreme Court Clears Way for Trump Administration’s Mass Firings of Federal Workers

Trump threatens to escalate trade war amid confusion over new tariff rates

Trump announces US will resume sending weapons to Ukraine

Vintage photos show American life under Trump's tariff hero, William McKinley

US will hike tariffs on copper to 50%, Trump says

Trump Media files for 'Crypto Blue Chip ETF' with SEC

How Trump’s trade deals take aim at China

Trump administration looks to ban Chinese groups from buying US farmland

Trump Floats 200% Tariffs On Pharmaceuticals

Trump Claims ‘No Extension’ To New Tariff Deadline—Here Are The 28 Times He’s Flip-Flopped Since ‘Liberation Day’

Polling On Trump’s Big Bill: How Unpopular Is It?

Trump tariffs explained: what’s changed and why have Asian countries been hit so hard?

Fifa opens office in Trump Tower, deepening ties with US president

Trump says no extension to August tariff deadline

Business News

Finding quality time together as parent more difficult, research suggests

Watchdog bans host of ads for prescription-only weight-loss medications

Finding quality time together as parent more difficult, research suggests

Watchdog bans host of ads for prescription-only weight-loss medications

More than half of people who acted on social media financial advice ‘lost money’

Talks to finalise US steel tariff exemption ongoing as deadline due to pass

L.A. business leaders express tariff frustration to Atty. Gen. Rob Bonta, say trade policy effects are 'frightening'

Several Amazon sellers skip offering Prime Day discounts as Trump tariffs slam costs: report

Melinda French Gates refuses to fund daughter’s startup despite $31 billion net worth

Apple names insider Sabih Khan to replace CEO Tim Cook’s No. 2 executive

Sam Altman jabs rival Elon Musk over Trump divorce: ‘Elon busts up with everybody’

NYC business leaders gear up for back-to-back meetings with Zohran Mamdani

Apple scales back the glassiness of its 'Liquid Glass' design in latest test version of the iPhone software

I stopped telling my kids not to draw on their bodies with markers. Sometimes I even encourage it.

Read the open letter circulating in support of the Sequoia partner who called Zohran Mamdani an 'Islamist'

Chelsea Defeats Fluminense In FIFA 2025 Club World Cup Semi Final

UFC 319 Fight Card Date, Time, Location And Ticket Prices

Lukas Nelson’s New Album Is ‘A Love Letter To The Country That Raised Me’

Texas Officials Deflect Questions On Flood Response Efforts As Death Toll Rises

Photos: ‘Superman’ Red Carpet Hollywood Premiere

Bloomberg News lays off around a dozen staffers in newsroom restructuring

Trump calls for probe of Jerome Powell over $2.5 billion HQ revamp as ongoing feud intensifies: ‘he’s terrible’

Seraphine founder left 'heartbroken by collapse of royal favourite maternity fashion brand

UK markets 'drifting into irrelevance': CBI sounds alarm over decline of the LSE

Shein float would be a 'good thing' for the City: CBI chief shrugs off human rights concerns

Mortgage timebomb set to hit a million households: Golden era of cheap loans comes to an end

Labour's retreat on welfare reforms leaves Britain vulnerable to bond traders, warns ALEX BRUMMER

M&S 'could have been destroyed by cyber hack': High Street chain braces for £300m profits hit

My £1,200 Samsung phone was blacklisted - by a network that I've never even used! SALLY SORTS IT

Labour's tax raid will cause more firms to go bust, says boss of insolvency giant Begbies Traynor

How Labour is coming for YOUR money: Reeves is targeting wealth, pensions and Isas, warns JEFF PRESTRIDGE

Supreme Court green-lights mass firings at federal agencies

Elon Musk tells Tesla bull Dan Ives to 'shut up' after analyst calls for company oversight of the CEO

Travelers won't have to take their shoes off at security in US airports

Diddy prosecutors are tallying his past sins ahead of an October 3 sentencing &mdash; including some a jury cleared him of

Who is Shaun Maguire, the VC partner facing backlash over his remarks about Zohran Mamdani

Bloomberg made a rare cut to staff in a newsroom overhaul. Read the memo breaking down the changes.

The US Army is saying goodbye to most of its horses. Here's why that might not be a bad thing.

Supreme Court allows Trump to resume mass federal layoffs for now

Trump Calls Questions About Epstein Investigation A ‘Desecration’ Amid Pushback From Right-Wing Base

‘The Last Of Us Part II’ Just Got A Huge Update That Completely Changes How The Game Is Played

‘Superman’ Reviews Are Live. Here’s Its Rotten Tomatoes Score

Shai Gilgeous-Alexander Featured As Cover Athlete For NBA 2K26

‘Superman’ Reviews: Are Rotten Tomatoes Critics High On James Gunn’s DC Reboot?

Amazon’s Early Prime Day Sales Are Down—Why Experts Say That’s Not A Concern

Trade Proposal: Byron Buxton To Phillies For Andrew Painter And Justin Crawford

Supreme Court Allows Trump’s Mass Firings At Federal Agencies

‘Squid Game’ Smashes Netflix Records: No. 1 In 93 Countries

Superman’s An Immigrant? Director James Gunn Faces Right-Wing Backlash For Claim

The Prompt: OpenAI Backs New AI Training Academy For Teachers

Answers To Your Individual Tax Questions About The One Big Beautiful Bill Act

Supreme Court Clears Way for Trump Administration’s Mass Firings of Federal Workers

What Is a Trade Deal? Trump Takes an Expansive View

Silicon Valley venture capitalist Shaun Maguire refuses to cave to backlash after calling out Mamdani for pursuing ‘Islamist agenda’: ‘You only embolden me’

Watch Chelsea vs Fluminense in Club World Cup semi-final for free on UK TV and live stream

‘Amazing’ Amazon cooling pillow is perfect for heatwaves and now on sale

Amazon's best Apple deals for Prime Day including iPhone, iPad and AirPods

Diddy prosecutors are tallying his past sins ahead of an October 3 sentencing — including some a jury cleared him of