Thursday, June 5, 2025
Invest Strategies Group
  • Investing
  • Economy
  • Business
  • Stock
No Result
View All Result
Invest Strategies Group
  • Investing
  • Economy
  • Business
  • Stock
No Result
View All Result
Invest Strategies Group
No Result
View All Result
Home Business

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

admin by admin
February 4, 2025
in Business
0
Ontario to remove U.S. alcohol from shelves after Trump’s tariffs announcement
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

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

Be Careful With These Topping Candles

Next Post

Quantum Computing Investments: Opportunities & Risks

admin

admin

Next Post
Quantum Computing Investments: Opportunities & Risks

Quantum Computing Investments: Opportunities & Risks

    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.

    Recommended

    Highlights from NVIDIA’s GTC 2025 Keynote

    Highlights from NVIDIA’s GTC 2025 Keynote

    March 22, 2025
    Stock Market News UK Update: FTSE 100 & 250 Rise

    Stock Market News UK Update: FTSE 100 & 250 Rise

    April 2, 2025

    Recent News

    S&P 500 Bullish Patterns: Are Higher Highs Ahead?

    S&P 500 Bullish Patterns: Are Higher Highs Ahead?

    June 5, 2025
    Strategic Chaos or Tactical Goldmine? What QQQ’s Chart is Whispering Right Now

    Strategic Chaos or Tactical Goldmine? What QQQ’s Chart is Whispering Right Now

    June 5, 2025
    Why ADX Can Mislead You — And How to Avoid It

    Why ADX Can Mislead You — And How to Avoid It

    June 5, 2025
    S&P 500 on the Verge of 6,000: What’s at Stake?

    S&P 500 on the Verge of 6,000: What’s at Stake?

    June 5, 2025
    Invest Strategies Group

    Browse by Category

    • Business
    • Economy
    • Investing
    • Stock

    Recent News

    S&P 500 Bullish Patterns: Are Higher Highs Ahead?

    S&P 500 Bullish Patterns: Are Higher Highs Ahead?

    June 5, 2025
    Strategic Chaos or Tactical Goldmine? What QQQ’s Chart is Whispering Right Now

    Strategic Chaos or Tactical Goldmine? What QQQ’s Chart is Whispering Right Now

    June 5, 2025
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investstrategiesgroup.com | All Rights Reserved

    No Result
    View All Result
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
    • Home 6
    • Privacy Policy
    • Suspicious Page
    • Terms & Conditions
    • Thank you

    Copyright © 2025 investstrategiesgroup.com | All Rights Reserved