Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Crypto Market Update: Regulatory Holdup Pulls US$952 Million...
TomaGold Intercepts 6.68% ZnEq (1.57 g/t AuEq) over...
Apollo Silver Announces Correction to Warrant Terms of...
Wageen To List On VLRM Markets Board And...
Laurion Announces Closing Of Private Placement Of Flow-Through...
Lundin to Sell Eagle Nickel-Copper Mine and Humboldt...
Lithium Market 2025 Year-End Review
Nickel Price Forecast: Top Trends for Nickel in...
Kinetiko Commences Trading on North American OTC Market
Expanded ExxonMobil Award Validates RemSense Strategy
  • 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

Amazon’s $4 billion investment in AI firm Anthropic...

August 10, 2024

Chick-fil-A is releasing its own entertainment app, with...

October 22, 2024

Starbucks CEO is out after just over a...

August 15, 2024

PepsiCo buys prebiotic soda brand Poppi for nearly...

March 18, 2025

Warren Buffett’s Berkshire Hathaway reveals new stake in...

August 16, 2025

Musk threatens ‘immediate’ legal action against Apple over...

August 14, 2025

Some Juul users are receiving thousands of dollars...

October 23, 2024

JPMorgan Chase CEO Jamie Dimon says DOGE ‘needs...

February 26, 2025

Citibank customers report fraud alerts and account access...

January 17, 2025

Barry’s Bootcamp announces new investment as others exit...

January 14, 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

    • Crypto Market Update: Regulatory Holdup Pulls US$952 Million From US Crypto Products

      December 23, 2025
    • TomaGold Intercepts 6.68% ZnEq (1.57 g/t AuEq) over 48.05 Metres, including 39.03% ZnEq (9.15 g/t AuEq) over 2.90 Metres at Berrigan Mine and Identifies a Major Hydrothermal Footprint

      December 23, 2025
    • Apollo Silver Announces Correction to Warrant Terms of $25 Million Strategic Investment by Eric Sprott and Jupiter Asset Management

      December 23, 2025
    • Wageen To List On VLRM Markets Board And Corporate Update

      December 23, 2025
    • Laurion Announces Closing Of Private Placement Of Flow-Through Units

      December 23, 2025
    Promotion Image

    banner ads

    Categories

    • Business (916)
    • Economy (829)
    • Investing (3,515)
    • 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