U.S. Ban on Canadian Alcohol Imports Takes Effect

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3▲1 ▼2Impact / 5
Summary · why it matters

The U.S. ban on specified Canadian alcoholic beverages took effect on Tuesday, halting new imports of covered products while still allowing stores to sell Canadian alcohol already in the country. The reach of the ban depends on the drink's customs classification and how it is shipped, producing a mixed bag of what will remain available to U.S. consumers and what will disappear from shelves. Canadian-made products imported in bottles ready for sale are the most exposed, including Molson Canadian, owned by Molson Coors, and packaged Canadian whiskies such as Canadian Club and Alberta Premium, both owned by Suntory Global Spirits, along with J.P. Wiser's and Lot No. 40, both owned by Corby Spirit and Wine, part of Pernod Ricard. Some familiar brands are less likely to disappear: Diageo's Crown Royal is expected to remain available because its producer imports whisky in bulk and bottles it in the U.S.

Impact on assets 3

Consumer Staples± Mixed · 3 stocks
Diageo PLC
DGE
▲ PositiveTariffrelevance

Diageo's Crown Royal is expected to remain available since it is imported in bulk and bottled in the U.S., avoiding the ban.

Pernod Ricard S.A.
RI
▼ NegativeTariffrelevance

Pernod Ricard's J.P. Wiser's and Lot No. 40 are bottled Canadian whiskies exposed to the import ban.

Off-coverage companies 2

Corby Spirit and Wine LimitedPrivate▼ Negative
Tariffrelevance

Corby Spirit and Wine's J.P. Wiser's and Lot No. 40 are among the bottled Canadian whiskies hit by the ban.

Suntory Global SpiritsPrivate▼ Negative
Tariffrelevance

Suntory Global Spirits' Canadian Club and Alberta Premium are packaged Canadian whiskies exposed to the import ban.