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US Canada Trade War: US President Donald Trump signed a strict duty on imports from Mexico, Canada and China on 1 February, which increased the chances of increasing prices for American consumers.
There was a tension in America and Canada over the tariff. (File photo
Highlights
- Canada banned American companies.
- Ontario canceled a $ 100 million deal with Starlink.
- Canada’s tough step in response to Trump’s tariff.
Ottawa Preparations have been made to throw the world in the trade war. This is being said because after the action of putting tariffs on behalf of America, Canada has also responded to Tit. Ontario issued an order on Monday, under which American companies would not get government contracts, which will cancel the $ 100 million deal with Elon Musk’s Starlink.
Ontario’s premiere Dug Ford said that this ban will continue until the Trump administration removes the recently imposed tariffs. Last year, the Dug administration signed an agreement with Musk, which is an important part of the Trump government to provide high-speed internet to the residents of rural and remote residents of North Ontario.
Ontario’s premiere wrote on the X, “Every year with our $ 200 billion Ontario Construction Scheme, Ontario government and its agencies spend $ 30 billion on purchase. American companies will now lose billions of dollars in new revenue. Only President Trump is responsible for this. We are moving a step further. We will cancel the contract with the Starlink of the province. Ontario will not trade with those who are bent on destroying our economy. Canada did not start this fight with America, but you believe we are ready to win it. “
Earlier, Ford had announced that his officials would soon remove American products from the provincial liquor shops. His statement came a day after the announcement by David AB, a premiere of British Columbia, stating that the local authority would stop buying liquor from the US Republican states.
Canada’s move is in response to a new tariff on imports from Trump’s Canada, Mexico and China, which has created sharp reactions from global leaders and financial markets. In support of the tariff, Trump says it is to protect American laborers and industries. This announcement of Trump has given rise to the possibility of economic vengeance from the affected countries.
February 03, 2025, 22:02 IST
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