Trump Ends Canada Trade Talks in Retaliation Over Digital Tax

President Donald Trump said he was ending all trade discussions with Canada in retaliation for the country’s digital services tax and threatened to impose a fresh tariff rate within the next week.

“Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately. 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,” Trump posted Friday on social media.

Treasury Secretary Scott Bessent said on CNBC that he expects the administration will launch a so-called Section 301 ...