The Vermont Chamber of Commerce, committed to advancing Vermont’s economy and representing businesses statewide, participated in a critical roundtable led by Senator Peter Welch to address the potential economic impact of proposed new tariffs. Vermont businesses, including manufacturers, farmers, and service providers, depend heavily on a strong trade relationship with Canada—Vermont’s largest trading partner. The Chamber views the maintenance of open markets and consistent trade policies as essential for economic stability and growth.

Potential tariffs, which could raise costs by 25% on raw materials, construction components, grain, and manufacturing inputs, pose significant risks to Vermont’s small businesses. The Vermont Chamber emphasized how such tariffs could lead to higher costs for essential goods and services, affecting businesses across sectors like agriculture, construction, and manufacturing. Without the capacity to absorb increased expenses, many businesses would be forced to pass these costs on to consumers, exacerbating the state’s affordability challenges and affecting the financial well-being of Vermont families.

As the Vermont Chamber continues its advocacy efforts, it remains focused on promoting policies that maintain economic growth while protecting Vermont businesses from financial instability. Working closely with state and federal leaders, the Vermont Chamber will strive to ensure that Vermont’s economic ecosystem remains resilient, with an emphasis on preventing harmful impacts from sudden cost increases and supporting long-term investment in workforce and community development.