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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.