Hey tech enthusiasts! Big global trade moves are in the spotlight as the U.S. tariff deadline nears on July 9. In a surprising twist, Canada has scrapped its digital services tax—the rule that would have taxed revenue from big tech names like Amazon, Google, and Meta—clearing the path for renewed trade negotiations with the U.S. 😎
Meanwhile, the European Union is sticking to its guns. EU spokesperson Thomas Regnier made it clear that the bloc’s digital regulations, including those from the Digital Markets Act and the Digital Services Act, are non-negotiable. The EU insists on staying consistent with its rules, emphasizing fairness and long-term benefits in the digital age.
So why should you care? In our fast-paced world where tech touches every part of life, these decisions can ripple across everything from your favorite apps to global innovation trends. Whether you're surfing through South Asia or Southeast Asia, these trade talks highlight how digital policies are reshaping global markets and our everyday digital experiences. 🚀
Stay tuned as negotiations heat up—a new trade model could be just around the corner, impacting tech and lifestyle trends worldwide!
Reference(s):
Canada backs down, EU holds firm as U.S. tariff deadline looms
cgtn.com
