Trump Pauses Canada Trade Talks Over Digital Tax Dispute
President Donald Trump abruptly suspended U.S. trade negotiations with Canada on Friday, escalating tensions over Ottawa's proposed digital services tax. The move signals growing global friction around taxation of tech giants and digital commerce—a sector increasingly intertwined with cryptocurrency infrastructure.
While no digital assets were directly named in the dispute, market observers note trade policy shifts often create volatility in crypto markets. Cross-border payment coins like XRP and privacy tokens such as FIRO could see altered demand dynamics if digital tax policies disrupt traditional financial flows.