Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
OTTAWA, June 29 (Xinhua) — Canada will scrap its digital services tax pending a mutually beneficial comprehensive trade deal with the United States, Finance Minister Francois-Philippe Champagne said Sunday.
Canadian Prime Minister Mark Carney and US President Donald Trump have agreed to resume talks with the goal of completing a deal by July 21, according to the Treasury Department.
F-F. Champagne will soon introduce a bill to repeal the Digital Services Tax Act, the department said in a statement.
M. Carney called the negotiations “difficult,” commenting on D. Trump’s statement about ending all trade negotiations with Canada and considering the possibility of introducing new tariffs.
“We will continue to engage in these difficult negotiations in the best interests of Canadians,” Mr. Carney told local media.
D. Trump said the United States is ending negotiations in response to Canada’s planned digital services tax on American tech companies.
The American leader called the tax a “direct and blatant attack” on the United States.
The tax, which was set to go into effect Monday, would have levied three percent of revenue from Canadian users on U.S. companies such as Amazon, Google and Meta. –0–