Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
John Rubino: Silver’s Breakout is Real, Price to...
Completes phase one drilling and expands Sybella-Barkly
Apple announces changes to iOS in Japan
Group Eleven Announces Issuance of Stock Options and...
Resource Expansion Drilling Confirms 3,000 metres of New...
Cleantech Market Forecast: Top Trends for Cleantech in...
InMed Announces Results of 2025 Annual General and...
Iris Secures Right to High-grade Tungsten Project, Montana...
Forge Resources Intersects 3.4 g/t Gold over 44.75...
Titanium-Vanadium-Magnetite Discovery Extended over 1km
  • 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

Nvidia CEO Huang sells $15 million worth of...

June 26, 2025

Retirees ‘stunned’ as market turmoil over tariffs shrinks...

April 7, 2025

Disney, Fox, Warner Bros. Discovery call off Venu...

January 11, 2025

Reddit targets international users for ad growth, teases...

November 28, 2024

U.S. judge finds Google holds illegal online ad...

April 19, 2025

U.S. online stores put up ‘out of stock’...

June 12, 2025

McDonald’s is the latest company to roll back...

January 8, 2025

Bank of America CEO says financial industry will...

January 23, 2025

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

February 3, 2025

As Joann Fabrics and JCPenney announce store closings,...

February 18, 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

    • John Rubino: Silver’s Breakout is Real, Price to Go “Much Higher”

      December 18, 2025
    • Completes phase one drilling and expands Sybella-Barkly

      December 18, 2025
    • Apple announces changes to iOS in Japan

      December 18, 2025
    • Group Eleven Announces Issuance of Stock Options and DSUs

      December 18, 2025
    • Resource Expansion Drilling Confirms 3,000 metres of New Uranium Trends with Best Drill Hole of 1.4 GT over 7.6 metres

      December 18, 2025
    Promotion Image

    banner ads

    Categories

    • Business (915)
    • Economy (829)
    • Investing (3,484)
    • 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