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Jun 30, 2025
Canada withdraws digital services tax to boost US trade talks
Canada just scrapped its 3% digital services tax on big US tech companies like Google and Meta.
The tax, which was applied retroactively from 2022, had sparked trade tensions and threats of tariffs from the US—stalling negotiations for a new deal.
TL;DR
Canada-US trade agreement by July 2025
This move is all about keeping trade with the US on track and avoiding another round of tariff drama.
Both countries are now aiming to lock in a fresh trade agreement by July 2025, hoping to settle ongoing disputes and keep their huge economic partnership strong.