‘Historic moment': First LNG Canada shipment departs B.C. for Asia
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Canada Standard
3 hours ago
- Canada Standard
Canada-US trade talks resume after Carney rescinds tech tax
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced after Canada decided to abandon its proposed tax on American technology companies. U.S. President Donald Trump had previously halted discussions, criticizing Canada's intention to implement the tax as "a direct and blatant attack on our country." In response to the evolving trade situation, the Canadian government stated that it would withdraw the Digital Services Tax "in anticipation" of reaching a trade agreement. This tax was set to take effect on June 30. Following a phone call between Carney and Trump, Carney's office confirmed that both leaders agreed to resume negotiations. In a statement, Carney emphasized that "today's announcement will support a resumption of negotiations toward the July 21, 2025, timeline set forth during this month's G7 Leaders' Summit in Kananaskis." Carney had previously visited Trump at the White House in May, maintaining a polite but assertive demeanor. When Trump attended the G7 summit in Alberta, Carney noted that both countries had established a 30-day deadline for trade discussions. In a social media post, Trump indicated that Canada had reaffirmed its plan to move forward with the digital services tax, which would affect both Canadian and international companies interacting with users in Canada. This tax would impose a three percent charge on revenue from Canadian users on companies such as Amazon, Google, Meta, Uber, and Airbnb. It would apply retroactively, resulting in a potential US$2 billion bill for U.S. firms by the month's end. Daniel Béland, a political science professor at McGill University in Montreal, described Carney's decision to retract the tax as a "clear victory" for Trump. He suggested that while this move could have been necessary for the trade negotiations, Carney's actions were a direct concession to appease Trump, which ultimately benefited both the White House and major tech companies. Discussions between Canada and the U.S. have also included the potential easing of substantial tariffs imposed by Trump. He has enacted 50 percent tariffs on steel and aluminum, as well as 25 percent tariffs on automobiles, alongside a 10 percent tax on imports from numerous countries, with the possibility of increasing rates on July 9 after a 90-day negotiating period.
Canada News.Net
5 hours ago
- Canada News.Net
Talks with US back on track after Canada drops tech tax plan
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced after Canada decided to abandon its proposed tax on American technology companies. U.S. President Donald Trump had previously halted discussions, criticizing Canada's intention to implement the tax as "a direct and blatant attack on our country." In response to the evolving trade situation, the Canadian government stated that it would withdraw the Digital Services Tax "in anticipation" of reaching a trade agreement. This tax was set to take effect on June 30. Following a phone call between Carney and Trump, Carney's office confirmed that both leaders agreed to resume negotiations. In a statement, Carney emphasized that "today's announcement will support a resumption of negotiations toward the July 21, 2025, timeline set forth during this month's G7 Leaders' Summit in Kananaskis." Carney had previously visited Trump at the White House in May, maintaining a polite but assertive demeanor. When Trump attended the G7 summit in Alberta, Carney noted that both countries had established a 30-day deadline for trade discussions. In a social media post, Trump indicated that Canada had reaffirmed its plan to move forward with the digital services tax, which would affect both Canadian and international companies interacting with users in Canada. This tax would impose a three percent charge on revenue from Canadian users on companies such as Amazon, Google, Meta, Uber, and Airbnb. It would apply retroactively, resulting in a potential US$2 billion bill for U.S. firms by the month's end. Daniel Béland, a political science professor at McGill University in Montreal, described Carney's decision to retract the tax as a "clear victory" for Trump. He suggested that while this move could have been necessary for the trade negotiations, Carney's actions were a direct concession to appease Trump, which ultimately benefited both the White House and major tech companies. Discussions between Canada and the U.S. have also included the potential easing of substantial tariffs imposed by Trump. He has enacted 50 percent tariffs on steel and aluminum, as well as 25 percent tariffs on automobiles, alongside a 10 percent tax on imports from numerous countries, with the possibility of increasing rates on July 9 after a 90-day negotiating period. Canada and Mexico are also facing tariffs of up to 25 percent initiated by Trump under the pretext of combating fentanyl smuggling. However, some products remain protected under the 2020 U.S.-Mexico-Canada Agreement established during Trump's first term.
Toronto Sun
9 hours ago
- Toronto Sun
EDITORIAL: Elbows down on the Digital Services Tax
Canadian Prime Minister Mark Carney (L) and US President Donald Trump arrive for a family photo during the Group of Seven (G7) Summit at the Kananaskis Country Golf Course in Kananaskis, Alberta, Canada on June 16, 2025. Photo by GEOFF ROBINS / AFP via Getty Images The only thing worse than Prime Minister Mark Carney rescinding the Digital Services Tax, two days after President Donald Trump threatened to shut down trade and security negotiations with the U.S. because of it, would have been not rescinding it. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Carney's about-face made Canada look weak and we obtained nothing in return other than a resumption of the talks. That sent a message to Trump that his brinkmanship tactics work. A tactic he could use again when it comes to the bigger issue of Canada's supply management system for dairy, poultry and eggs, which the U.S. president has targeted for years. That said, implementing the DST would have been worse, permanently derailing the chance of a negotiated settlement with the White House on trade and security. This is over a tax on U.S. tech giants passed a year ago by the Justin Trudeau Liberals — unpopular with U.S. and Canadian business organizations — which would have cost Canadian taxpayers an estimated $7.2 billion over five years, as the tech giants passed along their increased costs to us. This advertisement has not loaded yet, but your article continues below. Carney made the best of a bad situation inherited from the Trudeau government, even if it did mean another example of how, despite his 'elbows up' election rhetoric, his negotiation tactics with Trump have been mostly 'elbows down.' To be fair, that's not surprising, given that the U.S. economy is 10 times larger than our own. It underscores the reality that if and when a deal between Canada and the U.S. is signed — before or after the self-imposed July 21 deadline agreed to by both countries — some of its provisions will be damaging to our economy. That makes it even more important that our federal and provincial governments focus on issues they can control. This includes the elimination of inter-provincial trade barriers, which involves a lot more than rescinding federal barriers to cross-Canada trade, which Parliament has now approved, given that many restrictions by the provinces remain in place. It means green-lighting new oil and natural gas pipelines to get our vast oil and natural gas resources to tidewater, mining for valuable minerals in Canada's Ring of Fire to reduce our dependence on China for them, along with other 'nation-building' projects. Ontario Toronto Blue Jays Editorial Cartoons Toronto Maple Leafs Sports
