Canada has rescinded a costly tax that threatened to derail U.S. trade talks over the weekend.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 But late last night, Canada rescinded the tax, saying it was needed to keep communication flowing.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
Global trade teams and summit discussions highlight expanding opportunities for U.S. corn and ethanol exports as nations explore renewable fuel options and reduced-carbon energy pathways.
Soybean farmer and Arkansas Lt. Gov. Leslie Rutledge highlights why the U.S. trade standoff with China is especially critical for Arkansas producers.
President Donald Trump says a deal is nearly done on lowering beef prices, but he has not released details.
Large carryover stocks continue to put pressure on commodity prices, creating uncertainty for growers looking to market their grain.
Peel says Mexico has a much greater capability to expand its beef industry than it did 20 or 30 years ago in terms of its feeding and packing infrastructure.
The impacts of the government shutdown have reached commodity growers with crops to move, ag economists monitoring the harvest without key data reporting, and meat producers in need of new export markets.
