BREAKING: Trump Terminates Trade Talks with Canada, Says Tariffs Coming Within Days
New tariffs on Canada will be announced within a week.
June 27, 2025 — President Trump abruptly ended all trade negotiations with Canada today, citing the country’s new digital services tax as a hostile move against American businesses. He announced that new tariffs on Canadian imports will be unveiled in the next seven days.
“Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately,” Trump wrote on Truth Social.
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The tax in question is a 3% levy targeting major U.S. tech companies like Google, Meta, and Amazon. Trump called it “a direct and blatant attack” on American innovation. He also criticized Canada’s long-standing dairy protections, claiming U.S. farmers face tariffs “as high as 400%.”
What This Means
Trade negotiations between the U.S. and Canada are now frozen, just weeks after both sides hinted at progress toward a broader agreement.
Tariffs are expected within the week, likely targeting Canadian goods such as lumber, dairy, and automobiles.
The Canadian dollar dropped following the announcement, and U.S. markets dipped from intraday highs as investors braced for retaliation.
Canadian officials responded cautiously, saying they are “evaluating the situation” and reviewing potential countermeasures.
Broader Impact
This move escalates tensions in an already fragile U.S.–Canada trade relationship. Earlier this year, Canada imposed retaliatory tariffs on $30 billion in U.S. goods. Now, with Trump threatening more, the risk of a full-scale trade war is growing.
We’ll continue tracking the fallout, and what it means for prices, diplomacy, and the economy on both sides of the border.
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Can I just state how much I can’t stand this MFer? Governing via Truth Social is abhorrent.
I’m def with Canada on this one!