Trade Tensions Boil Over as Trump Pulls Plug on Negotiations
U.S. President Donald Trump dropped a trade bombshell Friday, declaring an immediate end to all trade discussions with Canada. The move comes after Canada announced a new digital services tax targeting American tech giants like Apple and Google. 🔌💸
"Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada," Trump wrote on social media, calling the levy a "direct and blatant attack" on U.S. interests. Tariffs targeting Canadian businesses could follow within seven days, he warned.
Global Domino Effect?
Trump accused Canada of copying the European Union’s playbook, where similar digital taxes have sparked transatlantic friction. The announcement comes as the U.S. races to finalize trade deals before a July 9 deadline—though White House officials hinted this week that extensions remain possible. ⏳🌍
Analysts say the abrupt halt in talks could ripple through North American supply chains, affecting everything from auto manufacturing to streaming services. Stay tuned for updates as this story develops! 📈🔍
