U.S. tech stocks, along with the broader stock markets, seemed ready to start the day with a high, as the United States and China on Monday agreed to temporarily cut reciprocal tariffs for 90 days. Per the deal, reached in Geneva, the U.S. would temporarily shelve the 145% reciprocal tariff on goods imported from China,…
Category: trade tariffs
Elon Musk, Global IT News, Global Security News, Government & Policy, Politics, Starlink, trade tariffs
Ontario cancels, then restores, $68 million Starlink contract after protesting US tariffs
On Monday, Doug Ford, the premier of Ontario, one of Canada’s most populous provinces, announced on X that the province’s government would be “ripping up” its $68 million ($100 million CAD) contract with Elon Musk’s Starlink satellite internet service. The news came soon after President Donald Trump announced a 25% tariff on nearly all Canadian…