Canada drops tech tax to restart US trade talks

Canada has dropped its digital services tax to restart trade talks with the US, targeting tech giants like Amazon and Google. The tax, aimed at tech companies operating in Canada, faced backlash from President Trump, who threatened tariffs. Many countries are adjusting taxes for multinational tech firms, with Canada's move estimated to cost the companies over $2 billion annually. The decision to remove the tax aims to facilitate discussions between the two countries and reach a mutually beneficial trade agreement.