Welch Blasts Trump's Canada Tariffs, Introduces BAD DEAL Act for Refunds
CBS News interviewed Sen. Pete Welch (D-VT) on the impacts of President Trump's tariffs on Canada, which escalated into a trade war with 50% duties on select goods after failed negotiations. Welch described severe harm to Vermont's economy, including a roughly 50% drop in Canadian tourism due to rhetoric such as renaming Lake Ontario "Lake America" and calling Canada the 51st state. He highlighted higher fertilizer costs for farmers, uncertainty for manufacturers, and rising electricity and heating prices. Welch discussed his bill with Sen. Gillibrand, the BAD DEAL Act, which would declare the tariffs illegal, repeal the underlying authority in the 1930 Tariff Act, and provide refunds to businesses that paid them. He noted seeking Republican co-sponsors and argued trade deficits do not mean the US is "losing money."
Source: CBS News