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,

The president said he would cease negotiations and impose new tariffs because of Canada’s imminent, new digital services taxes.

The president posted on Truth Social that Canada had planned to put a tax on U.S. technology companies, calling the move "a blatant attack."