Lamont warns Connecticut consumers that new tariffs will raise prices
The governor's office and the state's largest business group said new U.S. tariffs on Canadian goods, and Canada's planned retaliation, will push up costs for Connecticut shoppers and small businesses.
Gov. Ned Lamont, other Democratic state officials and the Connecticut Business and Industry Association said Monday that newly imposed U.S. tariffs on Canadian goods, and the retaliatory tariffs Canada plans in response, are likely to raise prices on a wide range of products for Connecticut consumers and small businesses.
Canada is Connecticut's largest foreign market and accounts for 12% of the state's merchandise exports, according to the governor's office. About 70% of the goods hit by Canada's planned retaliatory tariffs are core industrial products from Connecticut companies, the office said.
"Tariffs are a tax implemented by the federal government that cause the price of products to go up and are paid for by hardworking Americans," Lamont said. He called on Republican legislators in Connecticut to speak out against the policy.
President Donald Trump imposed a 50% tariff on Canadian goods including furniture, milk, cheese, cameras, wine, beer, whiskey, honey and agricultural seed, in addition to a 50% tariff on Canadian aluminum that took effect in April, the release said. A 50% tariff on cars, trucks, auto parts and steel is set to begin Jan. 1, 2027.
Canadian Prime Minister Mark Carney has pledged "dollar-for-dollar" retaliation starting Sept. 8, which the governor's office said would affect roughly $170 million in Connecticut exports, including wire, cables and aluminum.
Dustin Nord, director of the CBIA Foundation for Economic Growth and Opportunity, said more than half of the businesses in the group's recent annual survey expect tariffs to hurt their operations over the next 12 months.
The office also said Canadian officials have raised the possibility of tariffs on energy exports. About 25% of New England's natural gas and roughly 11% of its electricity come from Canada.
This brief was drafted by AI from a public agency press release and published by The New England Signal. Why we use AI for stories like this one.