January 28, 2025 - 08:36
Vermont business leaders expressed strong opposition to President Donald Trump's proposed tariffs on imports from Canada during a roundtable discussion hosted by Senator Peter Welch on Monday. Industry representatives warned that if the tariffs are implemented, consumers in Vermont could face significant price increases on a wide range of goods.
The roundtable featured various stakeholders from different sectors, all of whom shared their apprehensions about the economic impact of the tariffs. They emphasized that Vermont's economy heavily relies on cross-border trade, particularly with Canada, which is a key supplier for many local businesses.
Participants highlighted that the proposed tariffs could disrupt established supply chains, leading to increased costs for manufacturers and retailers. This, in turn, would likely be passed down to consumers, making everyday products more expensive. The leaders called for a reevaluation of the proposed tariffs, urging policymakers to consider the potential negative consequences for the Vermont economy and its residents.
