U.S. President Donald Trump has announced the termination of all trade discussions with Canada, citing difficulties stemming from Canada’s implementation of a Digital Services Tax. This decision follows a history of tension, including a previous 25% tariff on Canadian imports. The Digital Services Tax, which targets major tech companies, is set to take effect soon and has been characterized by Trump as an attack on the U.S. The breakdown in negotiations has raised concerns from stakeholders in both nations regarding future trade relations.
Trump's retreat from negotiations follows a long-standing back-and-forth between the two countries on trade, which kickstarted when Trump implemented the application of an additional 25% tariff on imports from Canada in February.
Trump called Canada a very difficult country to trade with, blaming the breakdown in progress on Canada's Digital Services Tax [DST], a levy on tech revenues generated from Canadian users.
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