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Question: Sid are the new 25% trade tariffs just imposed by the USA going to affect alcohol prices?
Answer: Good question. Undoubtedly they will and we are monitoring this matter closely as it evolves. Too early to give any definitive answers as tariffs only started yesterday. Canada is striking back with their own tariffs on US imported goods. A real crazy trade war is developing. Aluminum is badly affected so this will obviously raise the cost of beer in cans. Mexican beer brands like Corona, Dos Equis, and Modelo Especial will all be more expensive. Spirits like Kentucky Bourbon and American wine will be harder to find in Canada and Canadian whiskey, Tequila & Mescal will all cost more in the USA. “Buy Canada” has become a most popular slogan in Canada. Wine will be affected for sure both on availability of product and increasing prices. European “reciprocal” tariffs by USA are expected on April 2 so that likely will affect those important wines as well. Also, Alberta is raising the tax effective April 1 on alcohol affecting top wines with a 15% surcharge. Mark Hicken has two recent detailed articles on his website about the new Alberta price markups linked here and US Wine In Canada here. Stay tuned and monitor the developments. Recommend a smart move is buying now a few extras of your favourite drinks as insurance.
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