President Trump abruptly suspended trade talks with Canada due to its new digital services tax, which he deemed a direct attack on the U.S. The tax, set to begin Monday, will levy a 3% charge on revenue from Canadian users of tech companies like Amazon and Google. Trump claims the U.S. holds significant economic leverage over Canada and expects the tax's removal. Canadian Prime Minister Carney stated Canada will continue negotiations in its best interests. The move escalates trade tensions between the two countries, impacting various sectors including energy and raw materials, and prompting concerns about economic repercussions.

Prepared by Christopher Adams and reviewed by editorial team.