Canadian Prime Minister Mark Carney announced on Monday that trade negotiations with the United States have resumed after Canada agreed to drop its plan for a digital services tax targeting major American tech companies.
The resumption comes after last week’s suspension of talks by US President Donald Trump, who criticized Canada’s proposed levy on Silicon Valley giants like Amazon, Meta, Google, and Apple, calling it “a direct and blatant attack on our country.”
In response, the Canadian government stated it would rescind the digital services tax, which was scheduled to take effect on Monday, “in anticipation” of a broader trade deal.
Following a phone call between Mr. Carney and President Trump on Sunday, the Canadian Prime Minister’s Office confirmed that both countries had agreed to restart negotiations.
“This announcement will support a resumption of negotiations toward the July 21, 2025, timeline set out at this month’s G7 Leaders’ Summit in Kananaskis,” Mr. Carney said in a statement.
At the G7 summit held in Alberta, Mr. Carney indicated that Canada and the US had established a 30-day deadline to finalize their trade discussions, signaling a renewed push towards an agreement.
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