Canada Cancels Billion-Dollar Digital Tax After Trump’s Warning | Times Now World | Times Now World

Canada has scrapped its planned digital services tax just hours before it was set to take effect, following direct threats from U.S. President Donald Trump to impose new tariffs and suspend trade talks. The decision, announced by Finance Minister François-Philippe Champagne on Sunday, marks a significant U-turn as Ottawa faced escalating pressure from Washington and Canada’s own business community. The now-abandoned tax would have targeted major U.S. tech firms like Google and Facebook, potentially generating billions in revenue. Trump’s move reignited transatlantic trade tensions, warning Canada against following Europe’s digital taxation path. #canada, #us, #donaldtrump, #digitaltax, #tradewar #tnworld #timesnowworld #worldnews #internationalnews #timesnews #newsworld ​Subscribe now: http://bit.ly/3VHIl37 Times Now World is your definitive source for comprehensive global news and analysis. At Times Now World, we bring you breaking news and real-time updates on US news, US elections, Trump, Biden, Putin, Zelensky, Russia-Ukraine war, Israel-Hamas conflict, Gaza, China-Taiwan tensions, Hungary news, NATO updates, and EU developments. Stay informed with our in-depth coverage of politics, economics, and current affairs, exclusively on Times Now World. Explore diverse perspectives and expert insights on international relations, technology, and more, all on Times Now World. Engage with dynamic discussions on global issues, including NATO news and EU updates, on Times Now World. Follow compelling stories and impactful reports on Times Now World. Discover the pulse of international affairs with Times Now World's extensive coverage of global events.