Shafaq News– Washington
Tradenegotiations between the United States and Canada resumed on Sunday afterOttawa withdrew its plan to impose a digital services tax on Americantechnology companies, Canadian Prime Minister Mark Carney announced.
The movefollows a statement on Friday by the US President Donald Trump, who hadsuspended the talks in response to Canada’s intention to proceed with the tax.Trump described the measure, which was scheduled to take effect Monday, as a“direct and blatant attack on our country.”
The proposedlevy would have imposed a 3% tax on revenue generated by US digitalfirms—including Amazon, Google, and Meta—from Canadian users, and appliedretroactively. According to estimates, US firms would have faced a $2 billionbill by the end of the month.
Both leadersreportedly held a phone conversation on Sunday. Carney’s office confirmed thatthey agreed to resume negotiations. In a statement, the Canadian governmentsaid that “in anticipation” of reaching a trade agreement, Canada would rescindthe tax plan.
“Today’sannouncement will support a resumption of negotiations toward the July 21,2025, timeline set out at this month’s G7 Leaders’ Summit in Kananaskis,”Carney said.
Theresumption of talks comes amid broader tensions in US-Canada relations sinceTrump’s return to office in January. The US president has taken anunpredictable approach to trade, including repeated suggestions that Canadacould be integrated as a US state.
Trump andCarney last met in May at the White House, and again earlier this month duringthe G7 summit in Alberta, where both countries agreed to a 30-day deadline fortrade negotiations.
CanadianFinance Minister François-Philippe Champagne also spoke on Sunday with USTreasury Secretary Scott Bessent. “Rescinding the digital services tax willallow the negotiations of a new economic and security relationship with theUnited States to make vital progress,” Champagne said.
Read More Details
Finally We wish PressBee provided you with enough information of ( US-Canada trade talks resume after Ottawa drops tech tax )
Also on site :
- 6/29: CBS Weekend News
- Multiple firefighters shot in Idaho
- Kylie Jenner Stuns in Sultry Outfit Ahead of Exclusive Release