Canada has rescinded a costly tax that threatened to derail U.S. trade talks over the weekend.
On Friday afternoon, President Trump called off all trade talks with Canada after they held steady on their digital services tax, a Canadian duty levied against U.S. tech companies. The move left Canadian leadership scrambling. But late last night, Canada rescinded the tax, saying it was needed to keep communication flowing.
Prime Minister Mark Carney says talks have resumed. U.S. Commerce Secretary Howard Lutnick thanked Canadian officials just this morning, saying the tax would have been a deal breaker.
Related Stories
Demand for farm loans surged in the first quarter of the year, topping the previous record set in 2016.
Labor Secretary Lori Chavez-DeRemer says the labor program will now be fully under her department, and consolidation will make the program more affordable and efficient for farmers and ranchers.
Roger McEowen with the Washburn School of Law joins us now with the highlights.
$15 billion in U.S. energy, $4.5 billion ag products, 50 Boeing jets—plus a 19% tariff on Indonesian exports in exchange for U.S. market access.
Following an on-target CPI, the combination could suggest that inflation is cooling.
