[FoxBusinessNews] Canadian Prime Minister Mark Carney will resume trade talks with U.S. President Donald Trump after Canada said late Sunday it was rescinding a digital services tax on American tech companies.
"We didn't mean it."
The Canadian government said it was rescinding the Digital Services Tax "in anticipation of a mutually beneficial comprehensive trade arrangement with the United States."
"Consistent with this action, Prime Minister Carney and President Trump have agreed that parties will resume negotiations with a view towards agreeing on a deal by July 21, 2025," Canada’s Department of Finance said in a news release.
It added that a June 30, 2025 collection will be halted, and legislation is pending to rescind the Digital Services Tax Act. |