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After a weekend standoff triggered by President Donald Trump, Ottawa has rescinded its controversial Digital Services Tax (DST) aimed at American tech giants, handing a major victory to the White House and Silicon Valley.
In a stunningly rapid reversal, Canadian authorities have caved to Trump’s demands, effectively ending a standoff that began on Friday.
“Canada would rescind the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade arrangement with the United States,” Finance Minister Françoise-Philippe Champagne announced in a statement Sunday evening.
Following the announcement, Prime Minister Mark Carney and President Trump have agreed to resume negotiations towards agreeing on a deal by July 21, 2025.
Source: gizmodo.com
