Press Release

Welch Convenes International Business Leaders near Northern Border to Discuss Impacts of Trump’s Trade War 

Mar 18, 2025

Welch: “I’m very disturbed about what is happening…how it’s affecting our families here in Vermont, how it’s affecting our businesses here in Vermont, and how it’s affecting the mutual cooperation that we had the blessing of enjoying for generationsbetween us and Canada. I am opposed to tariffs against our Canadian allies.”

NEWPORT, VT — Today, U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance Committee, convened Vermont and Canadian business leaders for a roundtable in Newport, Vermont —near the U.S.-Canada border—to discuss President Trump’s Trade War and how the Trump Administration’s reckless tariffs are hurting workers, families, and farmers.

Senator Welch’s remarks from the beginning of the roundtable are included in-full below:  

“We in Vermont really value both our friendship with Canadians, and our economic partnerships with Canada. I believe what’s happening here with the rhetoric from the Trump Administration and from these tariffs is very destructive—for you and for us.  

“I don’t want to be a part of it. I want to be a part of doing everything we can to maintain the very cordial, friendly, economically mutually-beneficial relationships that we have. I can understand an appropriate place for a tariff, and Canada can make its own decisions about where it would be appropriate for you to have a tariff. I cannot think of why we would be having a tariff or trade war with our best neighbor. Your environmental standards — your labor standards — match or exceed ours, and that’s really important to you and it’s important to us.  

“What I’m seeing with the tariffs is that they’re being imposed in a very arbitrary way. Not to mention that they’re on again, they’re off again.  

“Every time I speak to any anybody in business on our side (and it’s really nice that we’re going to hear from the Canadian side of the border) one of the things that’s really essential is stability. No business, and frankly no family, can deal with, ‘yes, we’re on no, we’re off.’ Nobody can do that. And it is not, in my view, good for international relationships. It’s not good for business relationships. And it’s not even good for family, where there’s constant instability. You don’t know what the rules are—they keep changing.  

“I’m very disturbed about what is happening from [the Trump] Administration and I’m disturbed from the perspective of how it’s affecting our families here in Vermont, how it’s affecting our businesses here in Vermont and how it’s affecting the mutual cooperation that we had the blessing of enjoying for generations, between us and Canada. I am opposed to tariffs against our Canadian allies. 

“That’s just to set the stage of where I’m coming from, and it’s why I am so grateful that we have this joint meeting where we can talk about the real problems that are caused as a result of these tariffs. And mobilize as much support as we can to renewing that friendship, that business relationship, that economic relationship that we’ve had. So, thank you all for coming and [the Hon. Marie-Claude] Bibeau, I’m so, so delighted that you’re here. I want to turn it over to you after I expressed my gratitude for all the work you’ve done and your willingness to be here deep in the south reaches of Newport, Vermont.”

Photos of the event are included below:

Senator Welch was joined by the Hon. Marie-Claude Bibeau, Member of Parliament for Compton-Stanstead, and Vermont and Canadian business owners. Attendees included representatives from Newport Downtown Development; Built By Newport; Columbia Forest Products; Kingdom Brewing; Morrison Custom Feeds, Inc.; Kingdom Trails Association; Hill Farmstead Brewery; Vermont Brewers Association; Vermont Agency of Commerce and Community Development; Northeastern Vermont Development Association; Caledonia Spirits; Vermont Maple Sugar Makers Association; Judd’s Wayeeses Farm; Khrome Product-Transport; Weidmann Electrical Technology; TRACK, Inc.; Larue; Motrec International; UTV Internationale; Ville de Sherbrooke; and the Sherbrooke Chamber of Commerce.  

Nearly half of all U.S. imports—more than $1.3 trillion—come from Canada, China, and Mexico. Canada is the largest trading partner for 34 U.S. states, including Vermont. In 2024 alone, trade with Canada accounted for 35% of Vermont exports, 67% of our imports, and 56% of its total trade. One in four businesses in Vermont relies on trade with Canada.  

In many cases, Vermont manufacturers buy imports from Canada to manufacture into products. Tariffs on Canada threaten business closures and job layoffs, higher homebuilding costs, increased costs of grain for farmers, and more expensive equipment for maple producers—among other costs that will get passed on to working families. 

Senator Welch has blasted Trump’s tariffs and trade war, and shared stories from constituents about how President Trump’s economic policies have impacted their businesses, farms, and communities. This event follows a roundtable Senator Welch held in St. Albans in January and virtually in February where he heard from businesses and state and local leaders about the President’s threats to reignite a trade war. 

Vermonters are invited to share how these tariffs will impact their lives and businesses by sharing their story on Senator Welch’s website. 

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