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.

U.S. President Donald Trump on Friday abruptly cut off trade talks with Canada over its tax targeting U.S. technology firms, calling it a "blatant attack" and saying that he would set a new tariff rate on Canadian goods within the next week.

Treasury Secretary Scott Bessent said trade talks could yield multiple deals by Sept. 1, citing a new U.S.-China agreement on rare earth shipments.