#TrumpCrypto Trump Halts Canada Trade Talks, Hints at Possible Tariff Suspension Extension
On June 29, 2025, U.S. President Donald Trump confirmed the suspension of trade negotiations with Canada, citing opposition to Canada's new digital services tax. Trump labeled the 3% tax, which targets U.S.-based tech companies, as "unfair" and stated that talks would not resume unless Canada reverses the policy. While addressing ongoing trade matters, Trump also commented on the current 90-day global tariff suspension. He mentioned that although he sees “no need” to extend it, a possible extension remains on the table depending on future developments. The move marks a significant shift in U.S.–Canada trade relations, intensifying economic tensions between the two neighbors. The digital tax, set to take effect on June 30, has sparked criticism from major U.S. firms and political leaders. As uncertainty looms over both tariffs and trade negotiations, markets and global partners await Washington’s next steps in the escalating trade standoff.