The federal government of Canada has rescinded its digital services tax (DST) to facilitate the resumption of trade negotiations with the U.S., after President Donald Trump halted talks over the levy. The 3% tax on Canadian digital revenues of large companies was expected to generate $2.3 billion. This decision follows a G7 summit agreement between Prime Minister Mark Carney and Trump to negotiate an economic and security deal. The article also provides updates on the first LNG shipment from British Columbia to Asia, the start of Wimbledon, Russia's aerial attack on Ukraine, and a lawyer charged with defacing the National Holocaust Monument in Ottawa.
Morning Update: Canada rescinds digital services tax to advance trade talks with the U.S.
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TL;DR: Key points with love ❤️The federal government of Canada has rescinded its digital services tax (DST) to facilitate the resumption of trade negotiations with the U.S., after President Donald Trump halted talks over the levy. The 3% tax on Canadian digital revenues of large companies was expected to generate $2.3 billion. This decision follows a G7 summit agreement between Prime Minister Mark Carney and Trump to negotiate an economic and security deal. The article also provides updates on the first LNG shipment from British Columbia to Asia, the start of Wimbledon, Russia's aerial attack on Ukraine, and a lawyer charged with defacing the National Holocaust Monument in Ottawa.
Trending- 1 G7 Summit in Kananaskis (earlier this month)
- 2 Trump halts trade negotiations (Friday, June 27, 2025)
- 3 Russia launches aerial attack on Ukraine (overnight Saturday into Sunday)
- 4 Lawyer charged with defacing Holocaust monument (Friday, June 27, 2025)
- 5 Canada rescinds digital services tax (late Sunday, June 29, 2025)
- 6 First LNG shipment from BC to Asia (as early as today, June 30, 2025)
- 7 Wimbledon Championships begin (today, June 30, 2025)
- 8 Pride march in Toronto (yesterday)
- 9 Pride march in Budapest (Saturday)
- Trade negotiations between Canada and U.S. to resume
- Canada's projected revenue from DST will not be collected
- Diversification of Canada's trade partners (LNG)
- Continued conflict in Ukraine
- Charges laid for monument vandalism
- Increased visibility of young parenthood influencers
- Protests for LGBTQ+ rights in Hungary
What: Canada rescinded its digital services tax (DST), a 3% levy on Canadian digital revenues of large companies. This decision was made to allow trade negotiations with the U.S. to resume after President Donald Trump halted them due to the tax. The article also covers other news: first LNG shipment from BC to Asia, Wimbledon Championships beginning, Russia's aerial attack on Ukraine, and a lawyer charged with defacing the National Holocaust Monument.
When: Canada rescinded tax late Sunday night (June 29, 2025). Tax was expected to take effect today (June 30, 2025). Trump halted talks on Friday (June 27, 2025). G7 Summit earlier this month. LNG shipment as early as today (June 30, 2025). Wimbledon begins today (June 30, 2025). Russia's attack overnight Saturday into Sunday. Lawyer arrested Friday.
Where: Canada, United States, Kananaskis (Alberta), British Columbia, Kitimat (BC), Asia, Wimbledon (UK), Ukraine, Russia, Ottawa.
Why: Canada rescinded the DST to advance trade negotiations with the U.S. and end a damaging trade war. The LNG shipment aims to diversify Canada's trade partners. Russia's attack is part of the ongoing war in Ukraine. The lawyer was charged for vandalism.
How: Canada's federal government announced the rescission of the tax. The LNG shipment is from a newly built terminal. Russia used drones and missiles. The lawyer was arrested and charged.