Free unlocking editor’s abstract
FT’s editor Roula Khalaf chose her favorite story in the weekly news and communication.
Ontario, Canada, said it would cancel a $ 100 million contract with Elon Musk’s star bar to retaliate against US tariffs.
“We will rulks to the province’s contract with Starlink. Ontario will not develop business with enterprises to destroy our economy.”
The transaction agreed in November to help connect 15,000 households to remote areas where the largest population of Canada has the largest population.
Since the US President Donald Trump announced a 25 % tariff on the country on Saturday, Canadian provinces have taken several retaliatory measures, including the withdrawal from the store from the store and prohibiting the US company from the provincial government from the provincial government. In the contract.
Ford said that the province of Ontario alone will lose tens of thousands of dollars each year.
Mexican President Claudia Sheinbaum said her country will respond to her revenge tariffs and is expected to provide details on Monday. The Canadian Prime Minister Justin Trudeau has announced a tariffs on the United States for US $ 1.55 billion ($ 10.6 billion).
The two leaders delivered speeches on the phone on Sunday, but Canadian officials said that their tariff response was not coordinated.
Officials said that Canada’s response aims to put pressure on Republican legislators and other people who have influenced Trump through companies and work in state.
Former Deputy Prime Minister Chrystia Freeland suggested that tariffs on Tesla Motors would fight with Trump’s “billionaire partner”. However, the Trudeau administration has ruled out tariffs on specific brands, and officials said that only taxes are levied on product categories.
Many Canadians have accepted Musk’s Starlink Satellite Internet System, and they strive to get cheap and reliable Internet in remote areas. The company said last year that Canada has 400,000 active customers.
