World News | Canadian Prime Minister Carney Says Trade Talks with US Resume After Canada Rescinded Tech Tax

Toronto, Jun 30 (AP) Canadian Prime Minister Mark Carney says trade talks with US have resumed after Canada rescinded its plan to tax US technology firms.

US President Donald Trump said Friday that was suspending trade talks with Canada over its plans to continue with its tax on technology firms, which he called “a direct and blatant attack on our country.”

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The Canadian government says “in anticipation” of a trade deal “Canada would rescind” the Digital Serves Tax.

Carney's office said Carney and Trump have agreed to resume negotiations.

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Trump, in a post on his social media network last Friday, said Canada had just informed the US that it was sticking to its plan to impose the digital services tax, which applies to Canadian and foreign businesses that engage with online users in Canada.

The tax was set to go into effect Monday. (AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)