Trump ends trade talks with Canada over digital services tax

Mars Finance News, Trump stated on social media that he will terminate all trade negotiations with Canada due to its digital services tax on US tech companies, calling it a "direct and obvious attack on our country". Canada's digital services tax (DST) imposes a 3% tax on large tech companies with annual revenues exceeding $800 million, applicable to social media services and online advertising, which will affect tech giants like Meta (parent company of Facebook and Instagram), Amazon, and Alphabet (Google's parent company). Trump said that based on this "vicious tax", he will immediately terminate all trade negotiations with Canada and will inform Canada within a week about the tariffs they will pay for trade with the United States. The Canadian Prime Minister's Office responded that the Canadian government will continue these complex negotiations to protect the interests of Canadian workers and businesses.