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

How a single failure can take down a...

July 21, 2024

Trump-branded wireless service launches — with a gold...

June 18, 2025

Donatella Versace steps down as head of Italian...

March 14, 2025

Trump family’s American Bitcoin makes stock market debut

September 5, 2025

People are earning more from side gigs and...

July 11, 2024

Trump made millions on guitars, Bibles and watches...

June 17, 2025

Ex-CEO of firm that merged with Trump Media...

July 19, 2024

Walmart, Chipotle and others feel the heat over...

July 10, 2024

Jerome Powell asks inspector general to review Fed’s...

July 16, 2025

Boeing delivers most airplanes since late 2023 after...

July 9, 2025

    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

    • Trump courts Japan’s emperor and new PM before high-stakes Xi summit this week

      October 28, 2025
    • Virginia, New Jersey governor races could shift government shutdown calculus

      October 28, 2025
    • Newsom and Harris both position themselves as potential 2028 White House contenders

      October 28, 2025
    • Federal workers brace for missed paycheck as shutdown enters 5th week

      October 28, 2025
    • Hamas says it will hand over another hostage body, as Trump’s 48-hour warning looms

      October 28, 2025

    Categories

    • Business (1,125)
    • Investing (3,352)
    • Politics (4,089)
    • 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 © 2025 sportinvestorsleague.com | All Rights Reserved