Canadian Prime Minister Mark Carney says trade talks with U.S. have resumed after Canada rescinded its plan to tax U.S. technology firms.

After Canada rescinded the tax, Trump and Carney agreed to resume trade talks with an eye toward reaching a deal by July 21, 2025. “Canada’s preference has always been a multilateral agreement related to digital services taxation,” Carney’s statement said, reminding folks that the DST was only ever meant to be a short-term solution.

President Trump announced that he is suspending trade talks with Canada and will impose a higher tariff rate on the U.S.’s northern neighbor within a week due to Canada’s decision to