Wall Street flipped sharply Friday afternoon after President Donald Trump stunned markets by halting all trade negotiations with Canada, a reversal that chilled earlier optimism and sent investors fleeing from risk assets.
In a post on Truth Social, Trump said Canada “has just announced that they are putting a Digital Services Tax on our American Technology Companies,” calling it “a direct and blatant attack on our Country.”
The president declared an immediate end to trade discussions, adding, “We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven-day period.”
Markets Reverse Course On Shock Announcement
The shift …