Exports of wine and spirits are down more than 60%
Full Transcript:
Canada’s booze ban is hitting American makers hard and fast.
According to The Wall Street Journal, Canadian provinces have stopped ordering U.S.-made spirits, wine, and beer after a trade battle sparked earlier this year by President Trump’s tariffs.
Liquor stores have yanked American brands from shelves, swapping them for Canadian products.
The impact is already showing. The Distilled Spirits Council says U.S. distilled spirit exports to Canada totaled just $43.4 million in the first half of 2025 – down 62% from a year ago. American wine exports plunged 67% in the same period.
Ontario – Canada’s most populous province – sold over $700 million worth of American liquor and wine last year through its government-run LCBO stores. This year? Zero.
The dispute is spilling beyond alcohol. The Journal reports many Canadians are boycotting other U.S. products and even canceling vacations south of the border – fueled in part by anger over Trump’s recent threats to make Canada the “51st state.”
That’ll do it for your daily briefing. From the New York Stock Exchange, I’m Caroline Woods with TheStreet.
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