Trump Halts Trade Talks with Canada Over New Digital Tax

News Snapshot:

U.S. President Donald Trump on Friday terminated trade negotiations with Canada, reacting strongly to its digital services tax on American tech companies. Labeling it a 'blatant attack,' Trump announced plans for a new tariff on Canadian goods to be unveiled in the coming week. Hours earlier, Treasury Secretary Scott Bessent had expressed optimism on trade advancements with countries like China, aiming to secure critical minerals for U.S. manufacturing. Financial markets fluctuated with Trump's abrupt decision, initially dipping but later recovering, with the S&P 500 and Nasdaq setting record highs. This development precedes Canada's plan to enforce a 3% tax on...