BREAKING NEWS Trump terminates tariff talks with Canada and tells ally it will know its fate within seven days
President Donald Trump said he's suspending trade talks with Canada over its plans to continue with its tax on technology firms and added he will let it know its fate on the matter in 'seven days.
Trump used fighting words in a Truth Social post attacking America's neighbor to the north, calling the technology tax 'a direct and blatant attack on our country.'
The Canadian tax is scheduled to go into affect on Monday.
'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 said in his post.
The digital services tax will apply to companies like Amazon, Google, Meta, Uber and Airbnb with a 3% levy on revenue from Canadian users. It will apply retroactively, leaving U.S. companies with a $2 billion bill due at the end of the month.
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