Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Business

Ontario to remove U.S. alcohol from shelves after Trump’s tariffs announcement

by admin February 4, 2025
February 4, 2025
Ontario to remove U.S. alcohol from shelves after Trump’s tariffs announcement

Ontario will pull all American alcohol from its government-run liquor shelves beginning Tuesday in response to U.S. President Donald Trump’s 25% tariffs on Canadian imports.

Outlets of the Liquor Control Board of Ontario will also take U.S. products out of its catalog so other retailers can’t order or restock those items, according to a Sunday statement by Premier Doug Ford.

“Every year, LCBO sells nearly $1 billion worth of American wine, beer, spirits and seltzers. Not anymore,” Ford said. “There’s never been a better time to choose an amazing Ontario-made or Canadian-made product.”

Ford’s announcement came just hours after Canadian Prime Minister Justin Trudeau slapped retaliatory tariffs of 25% against $155 billion of U.S. goods.

The LCBO is one of the largest wholesalers of alcohol, selling more than 1.1 billion liters of alcohol products in Ontario in 2023. According to the Observatory of Economic Complexity, Canada primarily imports hard liquor from America with an estimated $320 million in sales. The U.S.’s second main export destination for liquor as of October 2024 is Canada, with a $25.9 million trade value, according to the OEC.

In a statement provided to CNBC, the LCBO said it will be stopping all sales of U.S. alcohol products online and in stores “indefinitely,” adding that it is the “importer of record” for all American alcohol into Ontario. LCBO currently lists more than 3,600 products from 35 U.S. states, the statement added.

The move follows other similar Canadian premiers’ announcements of retaliation to the tariffs, including Nova Scotia Premier Tim Houston directing the Nova Scotia Liquor Corporation to remove all American alcohol from their shelves on Tuesday and British Columbia Premier David Eby directing the BC Liquor Distribution Branch to “immediately stop buying American liquor from “red states” and remove the top-selling “red-state” brands from the shelves.”

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Be Careful With These Topping Candles
next post
Rule, Kiyosaki, Spina and Clark Share Mining Stock Picks and Investing Wisdom

Related Posts

With Trump digital coins, billions of dollars —...

January 23, 2025

PepsiCo buys prebiotic soda brand Poppi for nearly...

March 18, 2025

Disneyland workers reach tentative deal with company, averting...

July 25, 2024

Nike expects more sales declines as it attempts...

July 1, 2024

65-year-old quit his job and emptied his life...

July 18, 2024

Redbox set to close as DVD market withers...

July 13, 2024

The war on woke: How a gay rights...

December 4, 2024

S&P 500 closes above 5,600 for the first...

July 11, 2024

Drone company’s stock soars after it appoints Donald...

November 29, 2024

Fewer homeowners are remodeling, but demand is still...

May 14, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • DR MARC SIEGEL: How AA, faith and science align with Trump’s fight against addiction

      February 6, 2026
    • Nicki Minaj blasts Gavin Newsom for ‘missing the plot’ while obsessing over Trump

      February 6, 2026
    • House Oversight GOP rejects Hillary Clinton demand for public Epstein hearing: ‘No one is buying their claims’

      February 6, 2026
    • Targeted for their faith overseas, persecuted Christians get a White House welcome under Trump

      February 6, 2026
    • Watchdog releases scathing report on Tlaib’s alleged ties to terrorist groups, warning of ‘potential risks’

      February 6, 2026

    Categories

    • Business (1,152)
    • Investing (4,013)
    • Politics (4,904)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2026 sportinvestorsleague.com | All Rights Reserved