Canada Rescinds Digital Services Tax to Revive US Trade Talks
In a significant move to revitalize stalled trade negotiations, Canada has decided to scrap its digital services tax, which had been a point of contention in discussions with the United States. This decision comes after President Trump expressed strong disapproval of the tax, threatening to halt trade talks unless it was rescinded. Following this development, Canadian Prime Minister Mark Carney announced the resumption of trade discussions with the U.S. The digital services tax had been criticized by Trump, who argued that it unfairly targeted U.S. tech giants. With the tax now abolished, both nations aim to progress in their complex negotiations.
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