Canada: Ontario bans contracts with American companies and cancels contract with Musk – “Categorize Trump”

The White House announced today (03.02.2025) that on the one hand Mexico ” took seriously” and on the other hand the “misunderstanding” the executive decree signed by the President of the United States, for the imposition of duties. Donald Trump imposed on Saturday (01.02.2025) sweeping tariffs on imports from Mexico, Canada and China, requiring these countries to limit the trafficking of fentanyl and irregular immigration to the US. CORVERSE This decision by the American president to start a trade war risks damaging global growth and trigger an increase in inflation. “ The good news is that in our talks this weekend, one of the things we noticed is that Mexicans are very, very serious about doing what President Trump said, ” White House National Economic Council head Kevin Hasett told CNBC. “ Canadians seem to have misunderstood the clear wording of the executive decree, ” added the official. CORVERSE When asked what Canada and Mexico should do to lift their tariffs, Donald Trump told reporters yesterday (02.02.2025) that “they must first of all balance their trade with the US. ” The government of the Canadian province of Ontario, the country’s economic center, announced today (03.02.2020) that it would ban the conclusion of public contracts with American companies, a move that will lead them to “lose tens of billions of dollars in new revenue,” Ontario Prime Minister Doug Ford said. “ Let them blame this president Trump, ” Ford pointed out, thus reacting to the imposition of US duties on Canadian products. Ford also cancelled a contract signed by the local government – of $100 million Canadian dollars (66m euros) with Starlink, a company of Elon Musk, a close ally of the American president and member of the American government. In the midst of this climate, Trump stated in his posting on Truth Social today that he had telephone contact with Canadian Prime Minister Justin Tridot. The White House tenant said he would chat with Tridot again at 15:00 (U.S. Eastern time, 23:00 Greek time). In his post, the U.S. president referred again to Canadian banking system regulations and drug trafficking as the reason for the imposition of US duties.