Canada announced Sunday night it was suspending a tax on U.S. technology firms that had caused President Trump to suspend trade negotiations between the two nations, handing a major victory to the American president.
The Canadian government said it was suspending enforcement of the tax that was due to be collected starting Monday, saying the action was taken “in anticipation of a mutually beneficial comprehensive trade arrangement with the United States.”
Prime Minister Mark Carney informed the Trump administration of the decision, and the two sides plan to resume trade talks on or about July 21.
Trump had called the tax on technology firms an “attack” on America, and suspended trade talks Friday in an effort to pressure Canada.
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Author: Ray Hilbrich
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