India, June 30 -- Canada has canceled its digital services tax aimed at US tech companies in an effort to move trade talks forward with the United States, the finance ministry said in a statement on Sunday. This decision came just days after US President Donald Trump ended the ongoing trade negotiations.

In a statement Sunday night, the Canadian government said it was withdrawing the tax in an effort to encourage both countries to return to negotiations.

"To support those negotiations, the Minister of Finance and National Revenue, the Honourable Francois-Philippe Champagne, announced today that Canada would rescind the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade arrangement with the United Sta...