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
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Global Tariffs
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