Sen. Welch: Tariffs slowing growth for Vt. businesses

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Sen. Welch: Tariffs slowing growth for Vt. businesses

//business-finance.news-articles.net/content/202 .. ch-tariffs-slowing-growth-for-vt-businesses.html

Published in Business and Finance on Thursday, May 15th 2025 at 7:20 GMT by WCAX3

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

Some tariffs have been rolled back, but a leader from our region says they're still coming at a cost to Vermonters.

2025-05-24 312 x 156 / 65453 Bytes

Senator Peter Welch of Vermont has expressed concerns that the ongoing tariffs on Canadian softwood lumber are negatively impacting Vermont businesses, particularly those in the housing and construction sectors. During a recent Senate Finance Committee hearing, Welch highlighted that these tariffs, which have been in place since 2017, are causing increased costs and delays in projects, thereby slowing economic growth in the state. He urged the U.S. Department of Commerce to reconsider the tariffs, emphasizing the need for affordable housing and the detrimental effects of the current trade policies on local economies. Welch's statements were supported by testimonies from Vermont business owners who are struggling with the rising costs of materials due to the tariffs.

Read the Full WCAX3 Article at:
[ https://www.wcax.com/2025/05/15/sen-welch-tariffs-slowing-growth-vt-businesses/ ]