An Introduction
Until Trump imposed a 25% tariff on imports Canada was the largest importer of American alcohol in the world ($271 million in distilled spirit, $507 million in wine and $83 million in beer products totally $861 million in 2022) from a total of 35 states – but not any more. In retaliation, Canada’s 10 provinces have removed all U.S. alcohol products from its store shelves (3600 products in total) and stated it would not be restocking its shelves, or replenishing its inventories in its provincially-operated stores until the U.S. withdraws its tariffs.
This action by Canada will adversely affect the profitability and stock prices of the major U.S. companies that had been exporting their products to Canada in large number.
Below are the top 4 exporters to Canada that trade on either NASDAQ or NYSE (excludes companies like Heineken and Pernod Ricard even though they operate in the U.S.) and their stock performances will be tracked going forward to see just what affect the Canadian boycott is having on their stock prices: An average the stocks of the 4 companies are UP 1.7% in March.
- Anheuser-Busch InBev (BUD):
- Market Cap: $122B
- Constellation Brands (STZ):
- Market Cap: $33B
- Brown-Forman (BF-B):
- Market Cap: $16B
- Molson-Coors (TAP):
- Market Cap: $12B
