Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
ILC Critical Minerals
One Bullion Limited
Canada One Mining
Gold Price at New Record Over US$4,900; Silver...
One Bullion: Advancing District-scale Gold Assets Across Botswana’s...
Manganese Market Forecast: Top Trends for Manganese in...
Steve Barton: Silver, Gold at New Highs, Here’s...
A$41M Capital Raise via Placement & Entitlement Offer
Capital Raise Presentation
Investment establishes valuation of C$50M for the polymetallic...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

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

previous post
Astral & Maximus to Merge Via Recommended Takeover Offer
next post
Stablecoin Market Reaches $204B, Signaling Crypto Rally

You may also like

Walmart is getting a bump from a surprising...

February 21, 2025

American Airlines flight attendants ratify new contract with...

September 14, 2024

Costco and Teamsters reach tentative contract agreement, avoid...

February 3, 2025

Capital One and Discover merger approved by Federal...

April 20, 2025

Restaurants are rebounding — but Starbucks and McDonald’s...

January 30, 2025

Lowe’s becomes latest company to dial back DEI...

August 29, 2024

Recall warns some Celsius energy drink cans accidentally...

July 31, 2025

Broadband industry quietly abandons Capitol Hill fight to...

September 11, 2024

Ben & Jerry’s co-founder resigns, claiming parent company...

October 9, 2025

Intel shares plunge 28%, dragging down global chip...

August 3, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • ILC Critical Minerals

      January 23, 2026
    • One Bullion Limited

      January 23, 2026
    • Canada One Mining

      January 23, 2026
    • Gold Price at New Record Over US$4,900; Silver Surges to All-time High Above US$96

      January 23, 2026
    • One Bullion: Advancing District-scale Gold Assets Across Botswana’s Greenstone Belts

      January 23, 2026
    Promotion Image

    banner ads

    Categories

    • Business (929)
    • Economy (839)
    • Investing (3,723)
    • Politics (747)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.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 smarttradeinsights.com | All Rights Reserved