Carney says trade talks with US resume after Canada rescinded tech tax
Canadian Prime Minister Mark Carney said late Sunday that trade talks with the US have resumed after Canada rescinded its plan to tax US technology firms.
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US President Donald Trump said Friday that was
suspending trade talks with Canada over its plans to continue with its tax on technology firms, which he called 'a direct and blatant attack on our country'.
The Canadian government says 'in anticipation' of a trade deal 'Canada would rescind' the Digital Services Tax. The tax was set to go into effect on Monday.
Carney's office said Carney and Trump have agreed to resume negotiations.
'Today's announcement 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 in a statement.
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Carney visited Trump in May at the White House, where he was polite but firm. Trump travelled to Canada for the G7 summit in Alberta, where Carney said that Canada and the US had set a 30-day deadline for trade talks.
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