🇺🇸🇨🇦 President Donald J. Trump has announced the termination of all trade negotiations with Canada, accusing Ottawa of launching a “direct and blatant attack” on the U.S. by imposing a Digital Services Tax on American tech giants.
Trump also cited Canada’s long-standing 400% tariff on U.S. dairy products and warned that Canada will soon be notified of the new retaliatory tariffs it will face for doing business with the U.S.
📌 Key Takeaways from Trump’s Statement:
• Canada is accused of copying the EU’s tech tax model.
• Trump says the tax is an “egregious” move against U.S. companies.
• All trade discussions with Canada are suspended effective immediately.
• A new tariff schedule will be imposed on Canada within 7 days.
• Trump emphasized past grievances, including high Canadian tariffs on U.S. farmers.
This move signals a sharp escalation in U.S.–Canada trade tensions and could have major implications for tech firms, dairy exporters, and digital commerce between the two allies.
