Canada has rescinded a costly tax that threatened to derail U.S. trade talks over the weekend.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 But late last night, Canada rescinded the tax, saying it was needed to keep communication flowing.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
USDA’s February WASDE report, analysts expect minimal price movement as grain stocks remain steady. Traders weigh renewed Chinese soybean purchases, South American weather, acreage shifts, and upcoming USMCA trade talks.
RFD NEWS Correspondent Frank McCaffrey was in Mission, Texas, where state and federal officials addressed growers and producers at a round table event hosted at a citrus grower’s facility. He shows us how welcome news was all around.
Lower freight costs helped sustain export demand amid a challenging pricing environment.
OOIDA’s Lewie Pugh discusses the EPA’s new Right to Repair guidance and other regulatory developments impacting the trucking and agriculture industries.
Rebuilding domestic textiles depends on automation and vertical integration, not tariffs or legacy manufacturing models.
Low prices are painful now, but production response could support stronger milk markets later in 2026.
