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Despite trade tensions, some Chinese retailers remain optimistic about US profits, while China criticizes Canada's Hikvision move as damaging relations, and Hong Kong's Beijing liaison chief signals a pivotal transition.

Canada to rescind digital services tax to revive U.S. trade talks

Global NewsMonday, June 30, 2025 at 11:52:30 AM
Canada to rescind digital services tax to revive U.S. trade talks
Canada is backing down on its digital services tax—a move aimed at smoothing things over with the U.S. and getting trade talks back on track. This comes after former President Trump abruptly ended negotiations, leaving relations frosty. The government says dropping the tax is a goodwill gesture, hoping it’ll lead to a deal.
Editor’s Note: Trade tensions between Canada and the U.S. have been simmering for a while, especially over tech giants paying their fair share. By scrapping this tax, Canada’s trying to reset the conversation—but it’s a gamble. Will the U.S. reciprocate, or is this just a one-sided concession? Either way, it shows how much clout the U.S. still holds in shaping its neighbors’ policies.
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