Tariffs, Trump breaks off negotiations with Canada. And on the EU: 'With the digital tax it will not come out well'

Donald Trump breaks off trade talks with Canada: 'In the next seven days we will let Ottawa know' 'how much it will have to pay to do business with the United States'. The president links his decision to Canada's imposition of a digital services tax on American companies, which is 'a direct and clear attack on our country. They are copying the European Union. On the basis of this exorbitant tax, we hereby terminate all trade discussions with Canada with immediate effect. We will inform Canada of the tariffs it will pay to do business with the United States,' Trump added.

With Europe, at the moment, the game is da: the 9 July deadline for tariffs could be 'extended or shortened', Trump said.

The European Union believes it can reach a trade agreement before 9 July. This was reported by the Bloomberg news agency, according to which the president of the European Commission, Ursula von der Leyen, expressed confidence - during a closed-door meeting - that an agreement could be reached before the deadline to avoid an economically damaging escalation. von der Leyen's words follow the 'optimism' expressed by US Trade Secretary Howard Lutnick.

In short, the horizon is 12 days. With the date of 9 July circled on the calendar, the European Union faces the United States on their playing field. That of the global trade order. If on the one hand the Commission still has to study and evaluate the US proposal on tariffs - which arrived in Brussels late Thursday evening, on the day of the European Council - on the other hand, the hypothesis of redesigning the World Trade Organisation is gaining ground. Without Washington.

Donald Trump is back to attacking Europe and Canada over tariffs. "With the digital tax, the EU will not come out well, as will Canada," the president said in the Oval Office, accusing the Ottawa government of acting "stupidly".