U.S. alcohol industry hit by Canada’s boycott, WSJ reports

After President Trump initiated a series of trade battles with Canada, many in the country stopped placing orders for American-made spirits and pulled U.S. liquor brands off the shelves, Laura Cooper and Vipal Monga of The Wall Street Journal reports. Now, six months later, the hit to the U.S. alcohol industry is coming into view. The Distilled Spirits Council estimates exports of U.S. distilled spirits to Canada in the first six months of the year are down 62% compared to the same period in 2024. Similarly, American wine exports to Canada were down about 67%. Publicly traded beer and spirits makers include AB InBev (BUD), Molson Coors (TAP), Constellation Brands (STZ), Diageo (DEO), Heineken (HEINY) and Boston Beer (SAM).