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Canada rescinds digital services tax after Trump’s trade threat

Canada says it plans to rescind a digital services tax that would have hit U.S. tech companies, bowing to President Trump’s threat to cancel trade talks unless the levy went away. The Canadian Department of Finance said late Sunday it decided to scrap the tax in “anticipation of a mutually beneficial comprehensive trade arrangement with the United States.” Ottawa beat a retreat 48 hours after Mr. Trump, in a social media post, said he was canceling trade talks with his northern neighbor...