On the recordFebruary 4, 2025
I am happy to be on the floor this afternoon with my colleague from New England, Senator Welch from Vermont. We are neighboring States that have been spooning for a very long time. But we are here today to talk about a very serious issue, and that is the tariffs that President Trump is talking about imposing on goods from Canada and Mexico and the impact that will have on Americans. On Saturday, President Trump announced a 25-percent tariff, which would be a tax on imported goods from Canada and Mexico; and a 10- percent tariff, which would amount to a tax on imported energy from Canada and on all goods for China--so 10 percent on all goods for China and 10 percent on energy for Canada. He has also threatened universal tariffs on all countries. Thankfully, the tariffs that he announced on Canada and Mexico appear to have been delayed for a month, but the tariff taxes on China are now in effect. Even though many of these tariff taxes were delayed, they are still scheduled to go into effect next month, and they have created unnecessary panic and uncertainty among businesses and families across the country and in New Hampshire. I want to point out in the beginning, very clearly, that it is not foreign countries who pay these tariff taxes. It is Americans who pay these tariff taxes. These are tariff taxes on imported goods, meaning that the person or company who is importing the good will be footing the bill.…
Source
govinfo.gov




