Donald Trump has abruptly announced the termination of trade talks with Canada, blaming the country for imposing a digital services tax on US technology firms. This comes after recent positive developments in US trade negotiations with China. The new tax is set to cost American companies around $3 billion, leading Trump to characterize it as a blatant attack. With trade relations strained, the US markets have shown resilience, hitting new highs amidst the ongoing trade war, indicating a complex economic situation unfolding.
Trump has accused Canada of imposing unfair taxes on US technology companies, declaring an end to trade talks in response to a new digital services tax.
The US stock markets have surged amid signs of a cooling trade war, despite Trump's abrupt termination of negotiations with Canada over trade issues.
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