Canada said Sunday it will rescind taxes impacting US tech firms in hopes of reaching a trade agreement with Washington, after US President Donald Trump called off talks with Ottawa in retaliation for the levy.
Canadian finance minister Francois-Philippe Champagne "announced today that Canada would rescind the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade arrangement with the United States," a government statement said.
It added that Trump and Canadian Prime Minister Mark Carney "have agreed that parties will resume negotiations with a view towards agreeing on a deal by July 21, 2025."
Canadian finance minister Francois-Philippe Champagne "announced today that Canada would rescind the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade arrangement with the United States," a government statement said.
It added that Trump and Canadian Prime Minister Mark Carney "have agreed that parties will resume negotiations with a view towards agreeing on a deal by July 21, 2025."
You may also like
Weather warning extended to more of UK as temperatures soar towards 35C
Father of Afghan hero says the MOD covered up the cause of his son's death
Adani Group, ISKCON serve devotion with nutrition during Puri Rath Yatra
Gary Neville makes major announcement as Sky Sports pundit secures four new deals
K'taka: Siddaramaiah orders inquiry over surge in heart attacks in Hassan