Stocks Flux
  • Business
  • Politics
  • Latest news
  • World News
  • Business
  • Politics
  • Latest news
  • World News

Stocks Flux

Business

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

by admin February 3, 2025
February 3, 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
One dead, thousands evacuated as northeast Australia battles massive floods
next post
Chris Wright, Trump’s pick to lead Energy Department, faces confirmation vote Monday in Senate

You may also like

JetBlue talking to ‘multiple airlines’ about a new...

February 21, 2025

Home Depot is buying GMS for about $4.3...

July 1, 2025

Trump demands resignation of Intel CEO over alleged...

August 8, 2025

DOJ seizes record $225 million in crypto tied...

June 19, 2025

Google forcing some remote workers to come back...

April 24, 2025

Procter & Gamble to cut 7,000 jobs as...

June 13, 2025

’60 Minutes’ producer leaves show, citing a loss...

April 23, 2025

Chipotle to launch Adobo Ranch dip after sluggish...

June 11, 2025

Target calls price hikes a ‘very last resort’...

May 22, 2025

Father and son fraudsters sentenced in case of...

May 14, 2025

    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.

    Categories

    • Business (374)
    • Latest news (10)
    • Politics (1,716)
    • World News (1,369)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Politics

    • Trump closes out 30th week in office with ‘very warm’ high-stakes Putin meeting

      August 17, 2025
    • State Department stops issuing all visitor visas for individuals from Gaza

      August 17, 2025
    • Playboy moving its headquarters to Miami Beach and opening a new club

      August 17, 2025
    February 2025
    M T W T F S S
     12
    3456789
    10111213141516
    17181920212223
    2425262728  
        Mar »

    Copyright © 2025 stocksflux.com | All Rights Reserved