Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Noble Extends Warrants
Rick Rule: Gold Strategy, Oil Stocks I Own,...
Adrian Day: Gold Far from Top, Two Triggers...
Aurum Hits 5m @ 11.07 g/t Gold from...
Silver Added to USGS 2025 List of Critical...
Nevada Sunrise Closes $650,000 Private Placement
$2million placement to advance Argentine exploration
Crypto Market Update: Ripple Raises US$500 Million, Canada...
Agriculture Market Update: Q3 2025 in Review
October monthly job cuts surged to a 22-year...
  • 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
Impact of Trump’s Tariffs on Asian Economies

You may also like

First the token, now the swipe: NYC’s subway...

March 20, 2025

GM lays off 1,000 employees amid reorganization and...

November 17, 2024

Target CEO to meet with Rev. Al Sharpton...

April 19, 2025

Fed holds interest rates but keeps door open...

August 2, 2024

Former Fed chairs warn that removing Lisa Cook...

September 28, 2025

New Starbucks CEO Brian Niccol outlines priorities to...

September 11, 2024

McDonald’s revenue disappoints, as U.S. sales see worst...

February 11, 2025

Trump ends de minimis exemption for global low-cost...

July 31, 2025

A ‘man-made disaster’ could make it trickier to...

August 27, 2024

Krispy Kreme stock plunges after doughnut chain pauses...

May 9, 2025

    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

    • Noble Extends Warrants

      November 7, 2025
    • Rick Rule: Gold Strategy, Oil Stocks I Own, “Sure Money” in Uranium

      November 7, 2025
    • Adrian Day: Gold Far from Top, Two Triggers for Next Price Move

      November 7, 2025
    • Aurum Hits 5m @ 11.07 g/t Gold from Outside BDT2 Resources

      November 7, 2025
    • Silver Added to USGS 2025 List of Critical Minerals

      November 7, 2025
    Promotion Image

    banner ads

    Categories

    • Business (901)
    • Economy (829)
    • Investing (3,196)
    • Politics (737)
    • 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 © 2025 smarttradeinsights.com | All Rights Reserved