Bank Street Journal
  • Business
  • Politics
  • World
  • Investing
  • Business
  • Politics
  • World
  • Investing
No Result
View All Result
Bank Street Journal
No Result
View All Result
Home Business

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

February 4, 2025
in Business
Ontario to remove U.S. alcohol from shelves after Trump’s tariffs announcement
0
SHARES
1
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

Panama president says he won’t renew Belt and Road deal with China, as US demands less Chinese influence over canal

Next Post

Rule, Kiyosaki, Spina and Clark Share Mining Stock Picks and Investing Wisdom

Next Post
Rule, Kiyosaki, Spina and Clark Share Mining Stock Picks and Investing Wisdom

Rule, Kiyosaki, Spina and Clark Share Mining Stock Picks and Investing Wisdom

    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.

    Recent News

    Comey expects further legal scrutiny from Trump admin, criticizes ‘fools who would frighten us’

    Comey expects further legal scrutiny from Trump admin, criticizes ‘fools who would frighten us’

    November 26, 2025
    Dems move to set limits on Trump’s donor-funded White House ballroom, claiming ‘bribery in plain sight’

    Dems move to set limits on Trump’s donor-funded White House ballroom, claiming ‘bribery in plain sight’

    November 26, 2025
    FBI scheduling interviews with 6 lawmakers who encouraged military members to refuse ‘illegal orders’

    FBI scheduling interviews with 6 lawmakers who encouraged military members to refuse ‘illegal orders’

    November 26, 2025
    Biden-era regulation on the chopping block as Trump-aligned legal group warns of ‘DEI lens’

    Biden-era regulation on the chopping block as Trump-aligned legal group warns of ‘DEI lens’

    November 26, 2025
    Disclaimer: bankstreetjournal.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.

    Popular

    Tech Weekly: Tech Stocks Feel the Heat Amid Valuation Fears

    Tech Weekly: Tech Stocks Feel the Heat Amid Valuation Fears

    November 8, 2025

    Trump’s main DOGE office shutters — but its war on government waste isn’t over

    Trump’s main DOGE office shutters — but its war on government waste isn’t over

    November 25, 2025

    Recent News

    Comey expects further legal scrutiny from Trump admin, criticizes ‘fools who would frighten us’

    Comey expects further legal scrutiny from Trump admin, criticizes ‘fools who would frighten us’

    November 26, 2025
    Dems move to set limits on Trump’s donor-funded White House ballroom, claiming ‘bribery in plain sight’

    Dems move to set limits on Trump’s donor-funded White House ballroom, claiming ‘bribery in plain sight’

    November 26, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 BankStreetJournal.com | All Rights Reserved

    No Result
    View All Result
    • Business
    • Politics
    • World
    • Investing

    Copyright © 2024 BankStreetJournal.com | All Rights Reserved