💨 Abstract

President Donald Trump announced the suspension of trade talks with Canada due to its planned tax on technology firms, which he deemed an attack on the U.S. Canada is set to impose a 3% levy on companies like Amazon and Google, retroactively, resulting in a significant bill for U.S. companies. Trump plans to announce new tariffs on Canada within seven days, disrupting ongoing negotiations to ease existing tariffs.

Courtesy: WTOP Staff