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Peter Welch: “These tariffs could cost [Pool and Grain] about $10 million.”

Featuring: Peter Welch, Democratic | U.S. Senate, Vermont

Welch Outlines Cost of Trump Tariffs for Vermont on Senate Floor.

Published February 4, 2025 | Video Starts at 08:33

Think of corn and canola and oats. So they need to buy nearby and they buy from Canada. And important, it's 30 to 40% of what they buy is. And These tariffs could cost [Pool and Grain] about $10 million. And it's just like the fuel dealers. You know, they've got a contract, but they honor their customers. They can't eat 10 or 15. They can't eat $10 million. (08:33–08:38)

CLAIM

Asserts that tariffs could cost Pool and Grain $10 million.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Peter Welch

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“We rely on Canadian gas, probably more than you do, but also home heating fuel.”
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“Totally improper invocation of so-called national security with our biggest ally, Canada.”
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“This is an arbitrary decision that is made by the President, in my view, abusing authority that Congress gave him to use tariffs.”
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“Canada has been in the trenches with us in every war that we've had.”
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“There was nobody in these businesses who said that the cost of this tariff would not be passed on to the consumer.”
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“In the last Trump administration, there was supposedly a tariff, but if you knew the back entrance into the White House and could make a…”
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“There's no guidance about how these tariffs would have been rolled out.”
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“If you got a certain kind of aluminum, it was subject to the tariff, but if you got an ever so slightly different definition of aluminum…”
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“Garrick Herchak at Manufacturing Solutions...said these tariffs create a whole burden to determine what is tariff, the type or shape of…”
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“30 to 40% of what they [Pool and Grain] buy is [from Canada].”
Welch Outlines Cost of Trump Tariffs for Vermont on Senate Floor. | Uploaded February 4, 2025 | 08:30-08:33
“There seems to be a point of view in the Trump administration... that he thinks chaos is a good negotiating tool.”
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“Tariffs have always been bad for everyone.”
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“These tariffs are going to cost our families... more money.”
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“There will be no more justification in 30 days from now to impose these tariff taxes... than there is today.”
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“It's really bad that [tariffs] were ever threatened to be imposed.”
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“[Tariffs] will never do any good when there's a bogus reason, so called national security.”
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“[There is] a real abuse of that authority by the president to invoke [national security] with respect to our closest ally and neighbor.”
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