29-June-2025
Corporate News
 
Trump halts trade talks with Canada over digital tax, warns of new tariffs; Carney responds
28-Jun-2025

US President Donald Trump on Friday abruptly cut off ongoing trade negotiations with Canada, citing the country’s digital services tax on US tech giants. He described the move as “a direct and blatant attack on our country” and vowed to impose new tariffs on Canadian goods within the next week. “Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately,” Trump posted on Truth Social. “We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven-day period.”

News Source:- https://www.financialexpress.com/world-news/trump-halts-trade-talks-with-canada-over-digital-tax-warns-of-new-tariffs-carney-responds/3895814/?ref=hometop_hp