President Donald Trump announced Friday he is ending trade talks with Canada over the northern neighbor’s decision to impose a digital service tax on American technology companies.
Trump called Canada’s decision “a direct and blatant attack on our Country” in a Truth Social post.
“They are obviously copying the European Union, which has done the same thing, and is currently under discussion with us, also. Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately,” Trump also wrote.
Canada is reportedly going ahead with the tax despite its inclusion in the Group of Seven (G7) agreement in which President Trump agreed to remove Section 899, also known as the revenge tax proposal, from his “Big Beautiful” tax bill, according to Bloomberg.
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