# Trump says US ending all trade talks with Canada over digital services tax | Fox Business

> President Trump said the U.S. was ending all trade discussions with Canada, citing Canada's digital services tax on American tech firms. He said the administration would inform Canada within seven days of the tariff it would face. The U.S. dollar rose 0.7% against the Canadian dollar after the announcement.

- Date: 2025-06-27 · published 2025-06-27T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/24458-trump-says-us-ending-all-trade-talks-with-canada-over-digital-services-tax-fox
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Ending trade talks raises the risk of new tariffs on Canadian goods, which could disrupt agricultural trade flows between the two countries and boost U.S. dollar strength against the loonie. Later talks resumed, so the risk has partly eased.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- foxbusiness.com: https://www.foxbusiness.com/economy/trump-says-us-terminating-all-trade-talks-canada-over-digital-services-tax

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.