Vermont Business Magazine U.S. Senator Peter Welch (D-Vermont), Member of the Senate Finance Committee, today released the following statement on the Trump Administration imposing new 50% tariffs on Canadian goods:
“These new tariff threats against Canada are an extreme escalation of President Trump’s reckless and irresponsible trade war. The White House’s endless attacks on our Canadian neighbors—Vermont’s closest partner in trade—have caused undeniable harm to our state’s economy, and the aftershocks of today’s announcement will do lasting damage. The president is only making trade talks and diplomacy more challenging, all while the USMCA, the trade agreement governing our relationship with our closest trading partners, is up for review. I urge President Trump and U.S. Trade Representative Greer to drop these new tariff threats immediately,” said Senator Welch. “This is yet another reason why Congress needs to take back its constitutional power over trade policy. This administration needs to answer for the economic chaos it’s creating; I look forward to questioning Ambassador Greer about these careless decisions when he testifies before the Finance Committee on Wednesday.”
Senator Welch is the lead sponsor of the Creating Access to Necessary American-Canadian Duty Adjustments (CANADA) Act, legislation that would exempt United States-owned small businesses from tariffs imposed on Canada. Senator Welch also cosponsors the bipartisan Trade Review Act, which seeks to restore Congress’ constitutional role in trade policy.
7.20.2026. WASHINGTON, D.C. — U.S. Senator Peter Welch
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Vermont Business Magazine