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GUIDANCE: United States of America and the United Kingdom of Great Britain and Northern Ireland Economic Prosperity Deal
Canada Rescinds DST to Continue Trade Talks with US
President Trump said in a post on social media last Friday, he will impose tariffs on Canada within the next seven days, after trade talks with the Canadian government abruptly ended following an announcement by Canada to tax U.S. technology companies, starting July 1.
Canadian Prime Minister Mark Carney said late Sunday trade talks with U.S. have resumed after Canada rescinded its plan to tax U.S. technology firms.
The Canadian government said “in anticipation” of a trade deal “Canada would rescind” the Digital Serves Tax. The tax was set to go into effect Monday.