Canada Withdraws Digital Tax Amid U.S.-China Trade Tensions
TL;DR Summary
Canada canceled a digital services tax targeting U.S. tech companies to avoid escalating trade tensions with President Trump, who threatened higher tariffs on Canadian goods. The move was made to facilitate ongoing trade negotiations and prevent a broader trade conflict, with talks expected to resume by July 21.
- Canada ditches digital tax after tariff threat from Trump NPR
- Canada rescinds Digital Services Tax after Trump cuts off U.S. trade talks NBC News
- In tech tax ‘cave,’ Trump and Carney may have both gotten what they wanted Politico
- Trump tariffs live updates: Canada scraps tech tax that infuriated Trump; Bessent warns on July 9 deadline Yahoo Finance
- Canadian prime minister says U.S. trade talks resume after Canada rescinded tech tax NPR
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