Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
A.I.S. Resources’ Saint John Copper/Gold/Antimony Project Gets TSXV...
Filing of Initial Prospectus
When Diamonds Are Not Forever: NWT’s Diamond Industry...
Keith Weiner: Silver Being Remonetized “With a Vengeance”...
Top 5 Canadian Mining Stocks This Week: Trinity...
Tech Weekly: AI “Scare Trade” Spills into New...
Crypto Market Update: Coinbase Posts US$667 Million Q4...
Tajiri Discovers Potentially Economic Gold Mineralization in Multiple...
Homeland Nickel Announces Homeland Share Distribution by Noble...
Bahia Metals Corp. Completes Initial Public Offering of...
  • 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

Macy’s turnaround hinges on revamping some stores and...

March 7, 2025

Target is eliminating 1,800 corporate jobs as it...

October 25, 2025

Super Micro’s $50 billion stock collapse underscores risk...

November 2, 2024

Best Buy launches third-party marketplace as it looks...

August 20, 2025

Starbucks imposes new limits on what baristas can...

April 24, 2025

How America’s chief consumer-protection agency came into the...

February 14, 2025

U.S. homebuilders raise alarm over tariffs as sentiment...

February 20, 2025

Dental supply stock surges on RFK’s anti-fluoride stance,...

November 20, 2024

Google launches first AI-powered Android update and new...

August 15, 2024

U.S. added 119,000 jobs in September, but there...

November 22, 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

    • A.I.S. Resources’ Saint John Copper/Gold/Antimony Project Gets TSXV Acceptance

      February 14, 2026
    • Filing of Initial Prospectus

      February 14, 2026
    • When Diamonds Are Not Forever: NWT’s Diamond Industry Begins to Crack Under Pressure

      February 14, 2026
    • Keith Weiner: Silver Being Remonetized “With a Vengeance” as Gold Rises

      February 14, 2026
    • Top 5 Canadian Mining Stocks This Week: Trinity One Surges 105 Percent

      February 14, 2026
    Promotion Image

    banner ads

    Categories

    • Business (937)
    • Economy (839)
    • Investing (3,893)
    • 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