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CBC News

Trump terminates trade talks with Canada ‘effective immediately’

CBC News · Older
CBC News
CBC News
Older

U.S. President Donald Trump says he's terminating all trade talks with Canada, blaming it on the country's new digital services tax on technology companies.

BreakdownGenerated by LeadStory AI
  • Donald Trump announced the termination of trade talks with Canada due to its digital services tax. 5s
  • Trump indicated that Canada will soon be informed of new tariffs for doing business with the U.S. 23s
  • Canada's digital services tax targets large tech firms and recently became law, with first payments due soon. 43s
  • The Canadian dollar dropped sharply following Trump's announcement, but later partially rebounded. 2m 41s
  • Canadian GDP figures showed a slight economic contraction amid ongoing trade volatility. 3m 15s
International Politics