"President Donald Trump announced that the U.S. is immediately “terminating ALL discussions on Trade with Canada,” following the imposition of a digital service tax on tech firms in the United States. Trump wrote a lengthy response outlining his decision to take this course of action on Truth Social.
President Trump and Prime Minister Mark Carney agreed to establish a new economic and security framework within a month. Talks had been ongoing until Canada opted to put this new tax on the technology sector in America.
Canada’s gross domestic product (GDP) fell 0.1 percent in April, marking the second consecutive month of decline. According to analysts, their GDP is expected to worsen if the dispute persists throughout the summer.
Economists say that Canada must reach a robust agreement with the United States or risk exacerbating the economic strain its country is already suffering from." TP
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