New Market Perspective
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

New Market Perspective

Business

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
Panama president says he won’t renew Belt and Road deal with China, as US demands less Chinese influence over canal
next post
Anteros Metals: Science-based, Diversified Mineral Exploration in Eastern Canada

Related Posts

JPMorgan begins suing customers who allegedly stole thousands...

October 30, 2024

Young adults are getting used to living on...

February 21, 2024

Why orange juice is so expensive

August 1, 2024

Recalled cucumbers linked to at least 449 illnesses...

August 17, 2024

Boeing ‘disappointed’ customers but is on the path...

July 23, 2024

Super Bowl fans are flooding Vegas with cash....

February 14, 2024

Shaking seats and piped-in fog: How 4DX is...

May 29, 2024

Disney says about 157 million global users are...

January 10, 2025

See inside Ford’s new tech campus, a century-old...

June 4, 2024

Federal judge overturns $4.7 billion jury verdict in...

August 3, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


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

    Latest

    • Johnson erupts over ‘dangerous’ Biden mental decline ‘cover-up,’ while Democrats push Epstein disclosure

      July 24, 2025
    • House panel directs chairman to subpoena Bill and Hillary Clinton in Epstein probe

      July 24, 2025
    • Trump declares US will win global AI race during executive order signing ceremony: ‘Whatever it takes’

      July 24, 2025
    • Pro-Israel Dem says those who won’t decry Hamas over Oct. 7 attack ‘have no business’ posing as humanitarians

      July 24, 2025
    • Senate Republicans call on DOJ to appoint special counsel in Obama-Russia investigation

      July 24, 2025
    • ‘Shirts and Skins’: How one Republican bridged the gap to pass Trump’s ‘big, beautiful bill’

      July 24, 2025

    Popular

    • 1

      Top 5 Junior Copper Stocks on the TSXV in 2023

      December 22, 2023
    • 2

      Crypto Market 2023 Year-End Review

      December 22, 2023
    • 3

      Canada Silver Cobalt Begins Drilling at Lowney-Lac Edouard in Quebec, Targeting Nickel-Copper-Cobalt Mineralization

      December 22, 2023
    • 4

      10 Top Oil-producing Countries (Updated 2024)

      October 19, 2024
    • 5

      Powered by rain, this seed carrier could help reforest the most remote areas

      December 19, 2023
    • 6

      A troubling theory about traders profiting from Hamas’ attack on Israel drew much attention. Why it may not be so simple.

      December 13, 2023
    • 7

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024

    Categories

    • Business (1,419)
    • Investing (3,590)
    • Politics (4,680)
    • World (4,461)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: newmarketperspective.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 newmarketperspective.com | All Rights Reserved