<ul data-eligibleForWebStory="true"><li>President Trump terminated trade talks with Canada over their digital services tax and threatened new tariffs to be set in the next seven days.</li><li>This decision led to a drop in the Canadian dollar and affected companies reliant on cross-border trade, such as General Motors and Canada Goose Holdings.</li><li>Canada is moving forward with its digital tax, opposed by business groups, which American lawmakers estimate could cost U.S. companies $2 billion.</li><li>The Canadian tax is akin to those in other countries, targeting 3% of digital services revenue above C$20 million, affecting companies like Meta Platforms and Alphabet.</li></ul>

President Trump ends trade talks with Canada, threatens to set tariff over digital services tax

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