WASHINGTON, D.C. – In a contentious Finance Committee hearing today, U.S. Senator Peter Welch (D-Vt.) demanded answers from U.S. Trade Representative (USTR) Jamieson Greer on how President Trump’s destructive trade war has created global economic chaos and harmed Vermont businesses, farms, and families. Senator Welch pressed Ambassador Greer on how the Trump Administration’s reckless across-the-board tariffs are undercutting fair competition and creating an ‘access economy’ in which success is determined based on personal relationships with officials in President Trump’s inner circle. 

“What is being rolled out and the way this is being done is so destructive, and so reckless, and so irresponsible, that it’s creating nothing but economic chaos, uncertainty, and suffering for a lot of people. These are really disastrous for Vermont…” said Senator Welch. “Let me tell you the frustration I have. There is a place for targeted tariffs to help us and also to push back on unfair trade practices. I support that. That’s not what this is. This is utter chaos, arbitrary and willful on the part of the President that is setting up a dynamic where he picks winners and losers rather than companies compete to do the best they can and have the benefit of good work and a good product.” 

Watch the exchange between Senator Welch and Ambassador Greer: 

Read excerpts of their exchange below: 

Welch: The issue of these tariffs—now the phone is ringing off the hook at the White House from countries wanting to get a break, right? 

Greer: They want to talk about how to have reciprocal trade with us and how to get that deficit down. 

Welch: That’s right. So, here’s the structural issue that is really alarming to me, and I hope to all of us. We are using these tariffs—or the President is using these tariffs—from going from an economy that’s based on competition to one that’s based on access. You know, in a competitive economy, your product, your service, determines the outcome and how well you do. In an access economy, it’s who’s got Donald Trump’s number, who’s got your number, who’s got [Commerce Secretary] Lutnick’s number. You call up and you get a break. That’s an access economy. Is this going to be the arbitrary authority of the President to decide: ‘Yes, we’ll cut the Vietnam tariff,’ and ‘No, we’ll sustain the tariff on Lesotho’? 

Greer: The way this works, Senator, is we have long-standing relationships with trade officials in these foreign countries and they work with our staff, our career staff, and they develop—if someone comes to us with an offer, we review it, we analyze it, and we present it to the President… 

Welch: They’re calling the President. I mean, you’ve got Donald Trump, as President, basically picking and choosing winners and losers—and who knows on what basis. That’s not a trade regime that anybody can count on. That’s something they can gain if they know you, they know Lutnick, they know Donald Trump…We’ve got farmers on the border with Canada, they get their grain—it’s going to be 25% hit. We’ve got consumers whose electricity bills are going up because of retaliation from Canada. Can they make a call to you, to Howard Lutnick, to the President, and ask for relief? 

Greer: Well, we certainly talk to all kinds of constituents—we talk to labor unions, we talk to civil society, we talk to business. I would say with Canada and Mexico, they receive duty-free treatment for things that follow the rules of USMCA. If they bring in Chinese content and send it down, they won’t get a break. 

Welch: Well, let me tell you the frustration I have. There is a place for targeted tariffs to help us and also to push back on unfair trade practices. I support that. That’s not what this is. This is utter chaos, arbitrary and willful on the part of the President that is setting up a dynamic where he picks winners and losers rather than companies compete to do the best they can and have the benefit of good work and a good product.

During Greer’s nomination hearing before the Senate Finance Committee, Senator Welch demanded answers on the impact of the trade war on American businesses and consumers and outlined the cost of Trump’s new tariffs for Vermont industries.  

Senator Welch has been outspoken in opposing President Trump’s destructive trade war. On Tuesday, Senator Welch joined bipartisan colleagues in releasing a resolution to repeal Donald Trump’s chaotic global tariffs. The Senators’ resolution would terminate the emergency that Trump declared in order to slap tariffs of up to 49% on products Americans buy from other countries. Senator Welch has also supported legislation pushing back against Trump’s tariffs, including: 

• The Protecting Americans from Tax Hikes on Imported Goods Act, which would shield American businesses and consumers from rising prices imposed by tariffs on imported goods into the United States.  

• The Trade Review Act, bipartisan legislation to reaffirm Congress’ key role in setting and approving U.S. trade policy and reestablish limits on the President’s ability to impose unilateral tariffs without the approval of Congress. 

• The Tariff Transparency Act of 2025, legislation to require the United States International Trade Commission to conduct an investigation and submit a report on the impact on businesses in the United States of duties, and the threat of duties, on imports from Mexico and Canada. 

• A Joint Resolution of Disapproval terminating national emergency related to Canadian energy tariffs, passed by the Senate last week on a bipartisan basis. 

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