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Canada drops tech tax to restart US trade talks
Canada will rescind a tax on big US technology firms, just hours before first payments were due, to allow trade talks between the two countries to restart. On Friday, US President Donald Trump called off negotiations over a trade deal, describing the tax as a "blatant attack", and threatened higher tariffs on imports from Canada.
Canada scraps tech tax to advance trade talks with Donald Trump
Carney and Trump have agreed that they will resume negotiations, the statement said. Trump said on Friday the US was “terminating” trade talks with Canada in retaliation against the tax on tech companies, reigniting a bitter North American trade war after months of détente.
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