• 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
Chris Wright, Trump’s pick to lead Energy Department, faces confirmation vote Monday in Senate

related articles

Trump Media to merge with nuclear fusion company

December 20, 2025

Prada Group says it has purchased fashion rival...

December 3, 2025

Dell family donation to offer 25 million kids...

December 3, 2025

Shopify says a daylong Cyber Monday outage has...

December 3, 2025

Starbucks to pay about $35M to NYC workers...

December 3, 2025

Apple’s AI chief abruptly steps down

December 3, 2025

Airbus says most of its recalled 6,000 A320...

December 2, 2025

Campbell’s fires executive accused of racist remarks and...

November 28, 2025

Bitcoin and other crypto assets sink in flight...

November 24, 2025

Stock market sinks as AI and interest rate...

November 24, 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

  • India’s TCS reports sharp decline in Q1 deal wins, order book at $8.3 billion

    July 11, 2024
  • Waltz says Ukraine should ‘tone down’ criticism of Trump

    February 20, 2025
  • ‘Unprecedented’ antisemitism panel tackles surging national issue

    October 29, 2025
  • Trump has higher favorability numbers than Taylor Swift, poll finds

    September 20, 2024
  • UAE’s president bestows highest civilian honor on Trump

    May 15, 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

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 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

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

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (7,185)
  • Investing (715)
  • Stock (964)

Latest Posts

  • Morning Glory: What if Israelis could vote in US elections?

    September 24, 2024
  • Trump team fires back after Dem senator declares ‘The fight is just beginning’

    January 7, 2025
  • Top DOJ official faces test in Senate over nomination to become federal judge

    June 25, 2025

Recent Posts

  • Pete Hegseth on the Hill for another day of meetings to rally support: ‘It’s been a wonderful process’

    December 6, 2024
  • ‘Structural racism’: Top taxpayer-funded academy rife with DEI programs, hefty executive salaries

    February 27, 2025
  • Harris campaign ‘internal worries about cohesiveness’ surface: report

    August 29, 2024

Editor’s Pick

  • Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated

    December 3, 2024
  • MTG declares she’s ‘radically AMERICA FIRST,’ telling those who are not, ‘YOU are the enemy’

    August 6, 2025
  • What’s next in the Russia, Ukraine ceasefire talks?

    March 19, 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