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White House expects more countries will drop digital services taxes after Canada backs down

1. Canada rescinded its digital services tax to advance U.S. trade talks. 2. U.S. plans to negotiate the removal of digital services taxes globally. 3. Trade negotiations may influence tariff rates after a new budget bill. 4. Trump's administration aims for major trade agreements by July 21. 5. Trade tensions remain high as the U.S. faces upcoming tariff deadlines.

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FAQ

Why Bullish?

Removal of digital services taxes can stimulate trade and market growth. Historical data shows that tariff reductions often correlate with market rallies.

How important is it?

Trade policies directly influence market conditions, affecting S&P 500 constituents. Companies with international exposure may see immediate effects.

Why Short Term?

Immediate trade negotiations and tariff deadlines suggest upcoming market impacts. Similar situations have previously changed market dynamics quickly following trade agreements.

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