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CRASH. go to MY-NBC-five- DOT-COM OR DOWNLOAD OUR MOBILE APP. STARTING TOMORROW, THE TRUMP ADMINISTRATION SAYS THAT IT WILL PLACE A 25-PERCENT TARIFF ON GOODS ENTERING THE U-S FROM CANADA, MEXICO AND CHINA. MANY PEOPLE ARE WORRIED THAT THEY’RE GOING TO HAVE AN IMPACT ON AMERICANS’ POCKETS, INCLUDING AT THE GAS PUMP. VERMONT DEPENDS ON CANADA FOR ENERGY PRODUCTS, LIKE NATURAL GAS AND HEATING OIL. MATT COTA, MANAGING DIRECTOR OF MEADOW HILL, SAYS THAT THE TIMING MEANS THAT PEOPLE HEATING THEIR HOMES COULD SEE THOSE BILLS RISE. <IMGó5074> <MATT COTA, MANAGING DIRECTOR MEADOW <00:02:58:04- 00:03:16:22> <“In the month of February, heating fuel demand is one of our busiest months of the year. And those trucks go back to Montreal twice a day. So we are bringing in fuel every day, and the price change, if it were to go into effect on February 1st, would be nearly instantaneous.”> THERE ARE OTHER SUPPLIERS ON THE EAST COAST, LIKE IN ALBANY THAT COMPANIES COULD CHOSE TO USE

Tariffs could impact Vermonters starting tomorrow

Starting Feb. 1, the Trump administration says they will place a 25% tariff on goods entering the U.S. from Canada, Mexico and China. Many are worried they’re going to affect Americans’ pockets, including at the pump. Vermont depends on Canada for energy products, like natural gas and heating oil.Matt Cota, the managing director of Meadow Hill, a consulting firm, says if these tariffs go into effect Vermonters will see it at the pump. He also said the timing means people heating their homes could see those bills rise.”In the month of February, heating fuel demand is one of our busiest months of the year,” Cota said. “Those trucks go back to Montreal twice a day, so we are bringing in fuel every day, and the price change, if it were to go into effect on February 1st, would be nearly instantaneous.” There are other suppliers on the East Coast, like in Albany that companies could choose to use. But Cota says a trade war with our northern neighbor would not be good.

Starting Feb. 1, the Trump administration says they will place a 25% tariff on goods entering the U.S. from Canada, Mexico and China.

Many are worried they’re going to affect Americans’ pockets, including at the pump.

Vermont depends on Canada for energy products, like natural gas and heating oil.

Matt Cota, the managing director of Meadow Hill, a consulting firm, says if these tariffs go into effect Vermonters will see it at the pump. He also said the timing means people heating their homes could see those bills rise.

“In the month of February, heating fuel demand is one of our busiest months of the year,” Cota said. “Those trucks go back to Montreal twice a day, so we are bringing in fuel every day, and the price change, if it were to go into effect on February 1st, would be nearly instantaneous.”

There are other suppliers on the East Coast, like in Albany that companies could choose to use. But Cota says a trade war with our northern neighbor would not be good.