Canada axes digital services tax in push to advance trade talks with U.S.

Canada rescinded its digital services tax "to advance broader trade negotiations" with the U.S., the country's finance ministry announced Sunday.Why it matters: President Trump cited the tax as he announced Friday he was ending trade talks with Canadian officials and would assign a tariff rate on goods from the country within the next week.Trump and Prime Minister Carney have now "agreed that parties will resume negotiations with a view towards agreeing on a deal by July 21," per a statement from Department of Finance Canada.Representatives for the Trump administration did not immediately respond to Axios' requests for comment on Sunday evening.Editor's note: This a breaking news story. Please check back for updates.

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