U.S. President Donald Trump has suspended all trade negotiations with Canada, criticizing Canada’s new digital services tax on American tech firms as a “direct attack.” He plans to impose new tariffs on Canadian goods within a week. This move disrupts the positive momentum from the recent G7 summit. Canada will implement a 3% tax on digital revenues from U.S. companies like Amazon and Google starting Monday. The U.S. may retaliate with tariffs after a formal investigation.
U.S. President Donald Trump has announced the suspension of all trade negotiations with Canada, calling Canada’s digital services tax on American technology companies a “direct attack.” He also stated that new tariff rates on Canadian products will be announced within a week. The report is from Reuters.
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