India, June 28 -- President Donald Trump lashed out at Canada for imposing a Digital Services Tax (DST) on American tech companies. In a statement on Truth Social, the 79-year-old said he is calling off trade negotiations with Ottawa, and a new tariff rate will be announced within a week.

"Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately," Trump wrote in a scathing post.

Canadian PM Mark Carney, however, insisted that his cabinet will continue to engage in trade negotiations. "We will continue to conduct these complex negotiations in the best interest of Canadians," he said, adding that he had not spoken to Trump on the day.

The Digital Services Tax policy imposes a 3% t...