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.

President Donald Trump said he was ending all trade discussions with Canada in retaliation for the country’s digital services tax, and threatened to impose a fresh tariff rate within the next week.“Based on this egregious Tax,

The US stock market appeared set to reach an all-time high on Friday. And then President Donald Trump threatened to raise tariffs on Canada. The S&P 500 was hovering right around breakeven, on track to close just below its all-time high.

The S&P 500 is approaching a record high, marking a stunning turnaround from April when stocks nosedived after President Donald Trump unveiled a flurry of tariffs on so-called "Liberation Day "We hear all those narratives of what could go wrong,