It's over for Starlink in Ontario, according to the Canadian province's premier, Doug Ford. Ford said in a press conference Tuesday that due to US tariffs imposed against Canada -- which as of Thursday were delayed until April -- Ontario canceled a $100 million contract with Elon Musk's Starlink satellite company it signed in November.
Few countries have bet as heavily on free trade as Mexico and Canada. Now that President Trump’s 25% tariffs have hit both countries, their economies are facing a stress test that rivals the global financial crisis and the pandemic.
The White House insists its tariffs are about stopping the smuggling of fentanyl, but Trump’s proposed taxes have caused a gaping wound in the decades-old North American trade partnership.