By Paul Vieira
OTTAWA--The province of Ontario has temporarily restored a contract with Starlink, a unit of Elon Musk's SpaceX, after President Trump decided to pause for 30 days a 25% tariff on Canadian imports.
Ontario Premier Doug Ford also withdrew other measures he said would go into effect in the event a 25% tariff was imposed, such as a ban on U.S. companies from bidding on $21 billion a year in provincial contracts and the removal of all U.S.-made alcohol from the shelves of state-owned liquor retail outlets.
The deal with Starlink, valued at about $69 million and agreed to in November, is designed to deliver high-speed internet to remote parts of province. Ontario has a population of 16 million and a land mass greater than that of Texas.
A Province of Ontario official said the restoration of the Starlink contract--and keeping U.S. alcohol at Ontario-owned liquor stores--is conditional on Trump refraining from slapping a 25% tariff on Canadian imports.
Write to Paul Vieira at paul.vieira@wsj.com
(END) Dow Jones Newswires
February 04, 2025 09:57 ET (14:57 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。