• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Ontario to remove U.S. alcohol from shelves after Trump’s tariffs announcement

by February 3, 2025
written by February 3, 2025

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
0 comment
0
FacebookTwitterPinterestEmail

previous post
USAID closes HQ to staffers Monday as Musk says Trump supports shutting agency down
next post
North Korea slams Rubio’s ‘rogue state’ label as ‘nonsense,’ vows to push back against Trump administration

related articles

Trump’s tariffs on Brazil could make your coffee...

July 11, 2025

White House accuses Powell of mismanaging Federal Reserve,...

July 10, 2025

Italian chocolate giant Ferrero to buy Kellogg’s Froot...

July 10, 2025

OpenAI to release web browser in challenge to...

July 10, 2025

Sports executive charged with bid-rigging in Texas arena...

July 10, 2025

Amazon extends Prime Day discounts to 4 days...

July 9, 2025

Boeing delivers most airplanes since late 2023 after...

July 9, 2025

Waymo offers teen accounts for driverless rides

July 8, 2025

Is a Chinese chain’s blood orange cold brew...

July 7, 2025

Essence Fest leads a summer of events for...

July 4, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • ApeCoin and Akita Inu: ApeCoin returns to weekly open price

    August 15, 2024
  • Dogecoin and Shiba Inu: Target and Prices for Thursday

    October 3, 2024
  • Schumer refuses to step down as Senate Dem leader, defends shutdown vote

    March 23, 2025
  • Where are low-cost airlines cutting back now? New planes.

    September 2, 2024
  • FTC drops Biden-era suit accusing Pepsi of price discrimination

    May 23, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,319)
  • Investing (634)
  • Stock (841)

Latest Posts

  • Even if Trump secures Ukraine-Russia peace deal, can Putin be trusted?

    March 12, 2025
  • South Korea presidential ouster part of Chinese strategy to ‘expand its regional influence,’ expert says

    April 5, 2025
  • Hunter Biden pardon raises new questions over 5th Amendment ‘loophole’

    December 3, 2024

Recent Posts

  • 5 terrifying flashpoints that could ignite global war

    June 9, 2025
  • With 15 days until voting starts, ‘election season’ kicks off sooner than you think

    August 22, 2024
  • ‘Ultra-right’: Trump budget chief pick Russell Vought faces fire from Dem senators

    January 23, 2025

Editor’s Pick

  • Big Lots files for bankruptcy protection as it promises to keep offering ‘extreme bargains’

    September 10, 2024
  • Where Zelenskyy is headed following tense White House exchange with Trump, Vance

    February 28, 2025
  • Tariff case pits Cato Institute against Trump over ‘unlimited’ executive power under emergency law

    July 9, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock