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Canada Drops Tax That Infuriated Trump | Bloomberg The Pulse 06/30

July 6, 2025

Canada has withdrawn its digital services tax on technology companies such as Meta Platforms Inc. and Alphabet Inc. in a move to restart trade talks with the US. “Rescinding the DST will allow the negotiations to make vital progress and reinforce our work to create jobs and build prosperity for all Canadians,” Finance Minister Francois-Philippe Champagne said in a social media post late Sunday local time. On Friday afternoon, US President Donald Trump said he was ending all trade discussions with Canada, one of its largest trading partners, in retaliation for the digital tax. He also threatened to impose a fresh tariff rate within a week.

Today’s guests: Armen Panossian, Oaktree Capital Management Co-CEO & Performing Credit Head, Seema Shah, Principal Asset Management Chief Global Strategist, Moritz Kraemer, LBBW Bank Chief Economist & Head of Research, Jeff Currie, Carlyle Chief Strategy Officer of Energy Pathways

Chapters:
00:00:00 – The Pulse With Francine Lacqua
00:01:15 – Canada Drops Tax That Infuriated Trump to Restart Talks
00:06:52 – Armen Panossian, Oaktree Capital Management Co-CEO & Performing Credit Head
00:16:20 – Moritz Kraemer, LBBW Bank Chief Economist & Head of Research
00:25:07 – Putin Expands Secrecy Law to Tighten Wartime Grip
00:28:30 – Jeff Currie, Carlyle Chief Strategy Officer of Energy Pathways
00:39:12 – China’s Foreign Minister to Visit Europe This Week
00:45:37 – Heatwave in Europe
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