Canada Drops Tax Targeting U.S. Tech Firms; Carney to Resume Trade Talks, Aiming for Deal by July 21

Ottawa, ON – June 30, 2025 – Canada has officially dropped a controversial tax proposal that would have targeted U.S. tech giants operating within its borders. The decision comes as Canadian officials, led by former Bank of Canada Governor Mark Carney, are set to resume trade talks with the U.S. Carney has stated that the goal is to reach a deal by July 21, focusing on creating a fairer trade environment for both nations.

Stay tuned for further updates as negotiations continue.