๐๐๐ง๐๐๐ ๐๐ซ๐จ๐ฉ๐ฌ ๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐๐๐ซ๐ฏ๐ข๐๐ ๐๐๐ฑ ๐ญ๐จ ๐๐๐ฏ๐ข๐ฏ๐ ๐๐ ๐๐ซ๐๐๐ ๐๐๐ฅ๐ค๐ฌ
Canada has rescinded its planned 3% digital services taxโset to target US tech giants like Meta, Amazon, and Netflixโjust hours before it was due to take effect, in order to resume trade negotiations with the United States. President Trump had labeled the tax a โdirect and blatant attackโ on US companies and canceled trade talks last Friday as a result.
๐๐๐๐ฅ & ๐๐ข๐ฆ๐๐ฅ๐ข๐ง๐
Following a Sunday phone call between Prime Minister MarkโฏCarney and President Trump, both leaders agreed to restart negotiations aiming for a deal by Julyโฏ21.
Canadaโs Finance Minister FranรงoisโPhilippe Champagne confirmed scrapping the tax to โmake vital progressโ on an economic and security agreement.
๐๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ
Canada has officially dropped its digital services tax targeting U.S. tech firms.
Diplomatic reset initiated, with both nations targeting a deal by Julyโฏ21.
Market sentiment improved slightly; Bitcoin and Ethereum modestly higher on reduced geopolitical risk.
