• 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

What falling wage growth says about where the...

April 7, 2026

Savannah Guthrie returns to ‘TODAY’ amid search for...

April 7, 2026

U.S. added 178,000 jobs in March, reflecting resilient...

April 6, 2026

U.S. oil has its biggest one-day price increase...

April 6, 2026

Is America on the cusp of a farm...

April 6, 2026

Republican leaders announce two-track plan to end the...

April 3, 2026

Hershey to resume using chocolate in most products;...

April 2, 2026

Stocks have their worst quarter since 2022, raising...

April 2, 2026

A global jet fuel shortage is raising the...

April 2, 2026

Average U.S. gas price hits $4 for the...

April 2, 2026
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

  • ‘Star Wars’ actor Mark Hamill weighs in on Kamala Harris’ chances of victory

    August 22, 2024
  • ‘New low’: Longtime House Dem ripped for ‘disgusting’ questioning of Musk’s loyalty to US as an immigrant

    February 27, 2025
  • Stellar rises to weekly high as Bitcoin Cash consolidates

    August 8, 2024
  • US West Coast jet fuel premium hits two-year high on supply crunch

    January 8, 2026
  • Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

    August 29, 2024

Popular Posts

  • 1

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

    April 2, 2025
  • 2

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

    July 21, 2024
  • 3

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

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,502)
  • Investing (2,028)
  • Stock (1,017)

Latest Posts

  • UN forced to fire 9 employees over likely involvement in Hamas massacre: ‘Tip of the iceberg’

    August 5, 2024
  • Stellar and Bitcoin Cash: Stellar encounters new resistance

    September 5, 2024
  • Vance hits campaign trail as Harris team scrambles to consolidate Dem support

    July 22, 2024

Recent Posts

  • With Gaetz dropping out, do Hegseth, RFK Jr. and Gabbard now have bigger targets on their backs?

    November 22, 2024
  • Ticketmaster offers four tickets for $80 to selected shows amid summer concert slowdown

    July 19, 2024
  • Gold tumbles, oil spikes, but why is Bitcoin racing to $71K?

    March 20, 2026

Editor’s Pick

  • Rubio says US, Qatar on verge of finalizing defense cooperation agreement

    September 16, 2025
  • France’s Macron meets with Trump at the White House

    February 24, 2025
  • L.A. County sues Roblox, alleges platform makes it easy for adults to target children

    March 13, 2026
  • 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