After the United States halted imposing tariffs on Canadian exports, Ontario, Canada’s economic powerhouse, abandoned plans Monday to prohibit American businesses from bidding on the province’s lucrative government contracts.
“We have temporarily averted tariffs that would have severely damaged our economy, giving time for more negotiation and time for cooler heads to prevail,” Ontario Premier Doug Ford wrote on X.
“With the U.S. pausing tariffs, Ontario will also pause our retaliatory measures,” Ford said.
In the morning, Ford announced a ban on US companies bidding on Canadian contracts, which are worth tens of billions of dollars, and also said he was dumping a deal with Elon Musk’s Starlink worth Can$100 million (US$68 million).
“Make no mistake, Canada and Ontario continue to stare down the threat of tariffs,” Ford said.
“So long as our trading relationship with our largest trading partner is up in the air, we will continue to see many potential projects frozen and projects that were already under way put at risk,” he said.
Trump declared on Saturday that all Canadian goods will be subject to 25% tariffs beginning on Tuesday, with the exception of energy exports, which would only be subject to 10% tax.
Trump said he would postpone the implementation of tariffs for 30 days following two conversations with Prime Minister Justin Trudeau on Monday.
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