US Companies Hurt By Trump Tariffs
Are Tariffs Helping or Hurting Small Businesses?
Business owners from both sides of the U.S.-Canada border met in Vermont this week to discuss how recent trade policies are affecting their industries. As the Trump administration prioritizes fair trade and economic growth, American and Canadian businesses are feeling the impact of new tariffs on steel and aluminum.
Why the Tariffs Matter
President Donald Trump’s decision to impose tariffs on Canadian steel and aluminum was designed to protect American jobs and industries. However, Canadian officials have expressed concerns, with some businesses calling for a boycott of U.S. goods.
Marie-Claude Bibeau, a Canadian member of parliament, warned that the tariffs are not just an economic issue but a national one. “This situation is unprecedented and is affecting our sovereignty,” she said.
Small Businesses Feel the Pinch
A diverse group of 18 businesses—including maple syrup producers, breweries, furniture manufacturers, and ski resorts—attended the roundtable discussion. Many expressed concerns over rising costs and supply chain disruptions.
Donna Young, owner of Judd’s Wayeeses Farms in Morgan, Vermont, depends on Canadian equipment for maple production. “Between unpredictable weather and these tariffs, it’s becoming harder to operate,” she said.
Bob Montgomery of Hill Farmstead Brewery in Greensboro explained how tariffs on aluminum are impacting his costs. “A 25% increase on aluminum is significant,” he said. “That cost will be passed down to the consumer.”
The Bigger Economic Picture
Canada is the top export destination for 36 U.S. states, with billions of dollars in goods crossing the border daily. In Vermont alone, trade with Canada accounts for over one-third of the Vermont’s exports and two-thirds of its imports.
Senator Peter Welch, a Democrat from Vermont, expressed concerns about the long-term effects of these tariffs. “We need to protect American businesses while maintaining strong trade relationships with our allies,” he said.
What Comes Next?
As trade negotiations continue, business owners and policymakers alike are looking for solutions. Bibeau urged American businesses to speak up, stating: “This isn’t just about Canada—it impacts both economies. We must work together.”
Final Thoughts
With billions at stake, small businesses and consumers alike will feel the effects of these trade policies. Will adjustments be made to balance protectionism and economic cooperation? Only time will tell.
