President Donald Trump announced the suspension of trade talks with Canada due to its insistence on a digital services tax that he claims attacks the U.S. economy. He indicated that all discussions are terminated immediately and warned of impending tariffs on Canadian businesses. Canadian Prime Minister Mark Carney reaffirmed his commitment to negotiations, emphasizing their complexity. Trump believes Canada might eventually rescind the tax but expressed indifference about restarting discussions. This move underscores ongoing tensions in U.S.-Canada trade relations, which have been volatile since Trump's second term began.
Trump announced the termination of trade discussions with Canada over its digital services tax, citing it as a direct attack on the U.S. economy.
Canadian Prime Minister Mark Carney affirmed that Canada will continue negotiations in its best interests and maintains that the trade discussions are complex.
While Trump emphasized U.S. economic power over Canada, he predicted that Canada would eventually remove the digital tax despite his indifference toward the outcome.
The digital services tax, targeting online businesses operating in Canada, is set to take effect shortly, prompting swift repercussions from the U.S.
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