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Vermont business leaders criticize President Trump’s proposed tariffs on imports from Canada


Local Vermont businesses, including animal feed manufacturer Poulin Grain and maple sugaring equipment maker H2O Innovation, expressed concerns about the potential impacts of President Trump’s proposed 25% tariff on products from Canada. During a roundtable organized by U.S. Sen. Peter Welch, business leaders discussed how the tariffs could lead to increased costs for raw materials and importing goods, ultimately affecting the prices of local products and services.

The proposed tariffs, which could go into effect as early as February 1, have raised worries about disruptions in various industries and potential price increases for consumers. Welch has vowed to advocate against the tariffs in Washington D.C., highlighting the significant reliance of Vermont businesses on cross-border trade with Canada, which might incur disproportionate effects.

In addition to hindering businesses’ ability to plan for the future due to lack of clarity on the specifics of the tariffs, there are concerns about potential impacts on energy costs, as Vermont gets a significant portion of its electricity from Canada’s Hydro-Quebec. Green Mountain Power’s CEO estimated that the tariffs could result in millions of dollars in additional power costs, which would ultimately be passed on to ratepayers.

Businesses are grappling with uncertainty surrounding the implementation of the tariffs, which has made it challenging to make informed decisions about stockpiling materials or adjusting operations. The lack of clarity and changing timelines have left businesses questioning the reality of the proposed tariffs and how to adequately prepare for any potential changes.

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