Canada Folds On Digital Tax Amid New Trade Talks

Canada announced Sunday night it is suspending a planned tax on U.S. technology companies, prompting former President Donald Trump to resume halted trade negotiations—a move seen as a significant political and economic win for Trump.

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.

Related Posts

My Sister Called Me A Freeloader—But I Knew Her Secret Would Cost Her Everything

The Night I Walked Away From My Toxic Sister — For Good A family weekend at my sister Zahra’s lake house turned into the final chapter of…

Obama responds after Trump accuses him over 2016 election

Obama Responds to Trump’s Treason Allegation: “A Weak Attempt at Distraction” In a rare public response, former President Barack Obama—through spokesperson Patrick Rodenbush—dismissed Donald Trump’s latest treason…

Teen Idol Jonathan Taylor Thomas Vanished from the Spotlight – Fans Are Thrilled by His Rare New Appearance!

Jonathan Taylor Thomas: A Quiet Exit from the Spotlight Jonathan Taylor Thomas, once known as JTT, was a ’90s teen idol best known for his role as…

After I Inherited $500K from My Grandma, My Future MIL Gave Me a Demands List to Be ‘Accepted’ into the Family — But That Was Her Biggest Mistake

I thought I had it all figured out. Liam and I had built a quiet, content life—our cozy apartment, our shared love, our sweet cat Luna, and…

My Husband’s Lover Came to Me for a Massage, Not Knowing I’m His Wife

You never think it’ll happen to you. I thought my husband and I had built a life that no one could touch. Then one day, a beautiful…

CEO’S KISSCAM SCANDAL COSTS HIM EVERYTHING: Astronomer’s Andy Byron Forced Out After Coldplay Concert Caught Him in Steamy Embrace with Employee. In a spectacular fall from grace, Astronomer CEO Andy Byron has resigned after viral Coldplay KissCam footage exposed his clandestine affair with subordinate Kristin Cabot—just days after Tiger Woods dropped the company in a fiery statement defending workplace integrity. HOW THE KISSCAM DESTROYED HIS CAREER

Former CEO of Astronomer Caught in Viral Kiss Cam Moment with Chief People Officer A lighthearted kiss cam moment at a Coldplay concert in Gillette Stadium has…

Leave a Reply

Your email address will not be published. Required fields are marked *