Liquor Stocks Down After LCBO Removes all US Products in Response to Tariffs

MT Newswires Live

03/05

The Liquor Control Board of Ontario, Canada's government-owned liquor wholesaler, will stop buying and selling American alcohol in response to the US tariffs, according to its website Tuesday.

The site is temporarily down, while the company is pulling the US products. The move follows US President Donald Trump's tariffs on the country. Canada is also implementing 25% tariffs on CA$30 billion ($20.66 billion) worth of US imports starting Tuesday.

The Canadian government is planning another round targeting CA$125 billion in goods scheduled in three weeks, news outlets reported.

Shares of Molson Coors Beverage (TAP) and Constellation Brands fell past 2% in recent trading activity.

Price: 59.84, Change: -1.45, Percent Change: -2.37

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