• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick Ontario to remove U.S. alcohol from shelves after Trump’s tariffs announcement
Editor's Pick

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

by February 3, 2025
by February 3, 2025 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

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
You Might Also Like
  • Second wave of 5G: 30 countries to launch services in 2023
  • Boeing and Airbus may have used ‘counterfeit’ titanium in planes, FAA says
  • What Fed chief Powell said about crypto that may have aided bitcoin’s rally to $100,000
  • Another delivery driver dies as a battle rages over heat safety in Texas
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Impact of Trump’s Tariffs on Asian Economies
next post
DP Trading Room: Tariff Trepidation

You may also like

American Airlines fined $4.1M for dozens of long tarmac delays...

August 29, 2023

OpenAI releases Sora, its buzzy AI video-generation tool

December 10, 2024

Relentless heat wave has people cranking up their air conditioners...

July 24, 2023

Trump Media stock drops 5% after quarterly loss and Trump’s...

August 13, 2024

College seniors are graduating into a job market in flux,...

May 6, 2023

College protesters want their schools to divest from ties to...

April 26, 2024

Boeing, Alaska Airlines point fingers at each other in lawsuit...

March 14, 2024

Walmart-linked Green Dot Bank receives proposed Federal Reserve order over...

March 2, 2024

Home Depot is buying GMS for about $4.3 billion as...

July 1, 2025

Dollar stores are struggling to win over bargain hunters —...

December 4, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Recent Posts

    • Missed Disney’s Rally? Grab This Defined-Risk Put Spread for a Second Chance

      July 2, 2025
    • Market Signals Align – Is a Bigger Move Ahead?

      July 2, 2025
    • MACD Crossovers: Why Most Traders Get It Wrong

      July 2, 2025
    • Should You Buy Roblox Stock Now? Key Levels to Watch

      July 2, 2025
    • As his feud with Trump reignites, Musk’s business with the government is back in the crosshairs

      July 2, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,626 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,910 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,600 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,563 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,440 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,160)
    • Investing (538)
    • Stock (2,650)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Missed Disney’s Rally? Grab This Defined-Risk Put Spread for a...

      July 2, 2025
    • Market Signals Align – Is a Bigger Move Ahead?

      July 2, 2025
    • MACD Crossovers: Why Most Traders Get It Wrong

      July 2, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,160)
    • Investing (538)
    • Stock (2,650)

    Disclaimer: RoundTableThoughts.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 © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    The Mirage casino, which ushered in...

    May 18, 2024

    Mortgage demand drops to lowest level...

    July 8, 2023

    Volkswagen workers in Tennessee vote to...

    April 20, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here