The Canadian government had planned to implement the tax on Monday but reversed course, citing hopes for a “mutually beneficial comprehensive trade arrangement with the United States.” Prime Minister Mark Carney officially informed the Trump administration, and both countries are expected to resume trade talks around July 21.

Trump had previously condemned the tech tax as an “attack” on the U.S. and abruptly suspended trade negotiations on Friday to pressure Canada. The Canadian reversal came just days later.

Meanwhile, Trump on Thursday boasted that the U.S. has collected $88 billion in tariff revenue in just two months under his new tariff structure, introduced in April. He claimed the surprising revenue figure had even caught Congress off guard.

“I said, ‘How much is it?’ They said, ‘About $80 billion.’ I said, ‘Check again.’ An hour later they came back and said, ‘Sir, we’ve taken in $88 billion in tariffs.’ Isn’t that a beautiful thing?” Trump said during a White House event urging Congress to pass his “One, Big, Beautiful Bill” by July 4.

The speech came as Trump’s 90-day pause on reciprocal tariffs is set to expire July 8, and he’s pushing lawmakers to solidify broader trade measures before then.

Trump also announced a new trade agreement with China, though he didn’t provide specific details. He emphasized that other countries are eager to negotiate with the U.S., saying, “Everybody wants to make a deal.” He added, “Some we’re just going to send a letter saying thank you very much—you’re going to pay 25%, 35%, 45%. That’s the easy way to do it. My people want to make more deals than I can do.” Trump also hinted at a possible upcoming agreement with India, suggesting more trade wins could be on the horizon.