Latest Placement Classifieds,Free Classified Ads,Buy Sell Classified Ads Market Trade war begins: Ontario bans US firms, dumps Musk’s Starlink

Trade war begins: Ontario bans US firms, dumps Musk’s Starlink

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Ontario, Canada has banned US firms from government contracts, affecting a $100-million deal with Elon Musk’s Starlink. Premier Doug Ford announced the move in response to US-imposed tariffs on Canada. Ontario’s $30 billion annual procurement spend and $200 billion development plan will now exclude US businesses unless tariffs are removed, potentially causing significant financial losses for those firms.

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