Canada is resuming trade talks with the US after the Ottawa government decided to drop a planned tax on US tech companies. This was announced by Prime Minister Mark Carney, the Associated Press reported, quoted by News.bg.
In a statement, Carney specified that the talks would be resumed on July 21 - a date agreed upon during the G-7 summit.
On June 29, Prime Minister Carney and US President Donald Trump had a telephone conversation, during which they reached an agreement to resume trade talks. The Canadian Prime Minister's Office announced that, pending a trade agreement, the government will cancel the introduction of a digital services tax, which was supposed to take effect on June 30.
Previously, on June 27, President Trump announced the termination of negotiations with Canada over its intentions to impose a tax on American technology giants. He called the measure a “direct and blatant attack on our country“.
The proposed 3% tax on revenue from Canadian users would have affected companies such as Amazon, Google, Meta, Uber and Airbnb. The tax was supposed to be applied retroactively, with calculations indicating that by the end of June, American companies would have owed about $2 billion.
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