The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

World News

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

0
FacebookTwitterGoogle +Pinterest
previous post
DP Trading Room: Tariff Trepidation
next post
Fox reveals plans to launch subscription streaming service this year

Related Posts

Gov. Gavin Newsom says he will provide residents...

November 26, 2024

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

April 6, 2025

Paramount acquires Bari Weiss’ The Free Press, naming...

October 8, 2025

Walmart is getting a bump from a surprising...

February 21, 2025

UPS is ‘disposing of’ U.S.-bound packages over customs...

October 13, 2025

Affirm announces JPMorgan Chase merchants can now offer...

March 27, 2025

The Fed may soon cut interest rates. That...

July 11, 2024

Fox streaming service to be called Fox One,...

May 13, 2025

Largest U.S. sportsbooks join forces to tackle problem...

March 28, 2024

Passengers sue Boeing and Alaska Airlines for $1...

March 5, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • What AI bubble? Nvidia’s strong earnings signal there’s more room to grow

      November 21, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      November 21, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      November 21, 2025
    • Vance says Trump admin has ‘great’ healthcare plan coming, wants to work with Dems: ‘Politics be damned’

      November 21, 2025
    • White House shuts down reports US backtracked on Trump’s G20 boycott

      November 21, 2025
    • US and Russia draft peace plan for Ukraine requiring major concessions from Kyiv

      November 21, 2025

    Categories

    • Business (1,432)
    • Politics (5,083)
    • Stocks (1,783)
    • Uncategorized (45)
    • World News (1,425)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, 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 thetraderharbor.com | All Rights Reserved