President Trump on Friday said he was cutting off trade talks with Canada and threatened to set a new tariff rate on the country's goods within the next week. Trump said the move was in response to Canada's move to implement a digital services tax on technology companies,

By David Lawder, David Ljunggren and Susan Heavey WASHINGTON (Reuters) -U.S. President Donald Trump abruptly cut off trade talks with Canada on Friday over its tax targeting U.S. technology firms, saying that it was a "blatant attack" and that he would set a new tariff rate on Canadian goods within the next week.

Tensions escalated just days before Canada’s scheduled implementation of a 3 per cent digital services tax on large US tech firms such as Amazon, Meta, Google and Apple.