Canada’s import of U.S. alcohol drops significantly

Exports of wine and spirits are down more than 60%

Transcript

00:00Canada's booze ban is hitting American makers hard and fast. According to the Wall Street Journal,

00:05Canadian provinces have stopped ordering U.S.-made spirits, wine, and beer after a trade battle

00:11sparked earlier this year by President Trump's tariffs. Liquor stores have yanked American

00:16brands from shelves, swapping them for Canadian products. The impact is already showing. The

00:21Distilled Spirits Council says U.S.-distilled spirit exports to Canada totaled just $43.4

00:27million in the first half of 2025. That's down 62% from a year ago. American wine exports plunged

00:3467% in the same period. Ontario, Canada's most populous province, sold over $700 million worth

00:42of American liquor and wine last year through its government-run LCBO stores. This year, zero.

00:48The dispute is spilling beyond alcohol as well. The Journal reports many Canadians are boycotting

00:53other U.S. products and even canceling vacations south of the border, fueled in part by anger over

00:59Trump's recent threats to make Canada the 51st state. That'll do it for your daily briefing from

01:04the New York Stock Exchange. I'm Caroline Woods with The Street.