Earlier this week, the United States Senate convened a forum amongst the Senate Financial Committee, and others, on the impacts of tariffs and the current administration's trade war on business, manufacturing, farming, and the tourism industry.
Vermont Senator Peter Welch, who is a member of the Senate Finance Committee welcomed General Manager Steve Wright of Vermont's Jay Peak to the forum to speak on the economic impacts and cultural harm as a result of the administration's new policies.
Wright's opening statement provided a stark look into how the ski area and its local economy, which sits just south of the Canadian border, has already seen dramatic impacts of the tariffs imposed by the administration. Wright cited that the ski area itself is a $70M business that's been around for 60 years, and was once even owned by a Canadian company.
The towns that are closest to the ski area, Newport and Jay, are home to less than 5,000 and 550 full-time residents respectively. On any given busy day at the ski resort, the population of Jay, VT can increase to more than 10,000 people, 50% of whom are Canadian visitors traveling from towns like Toronto, Montreal, and several of the eastern townships.
Due to both a close proximity and relationship with the neighboring country, Wright noted policies that had been put in place many years prior at the resort that allowed Canadians to use the Canadian dollar on products like lift tickets, entry to the water park, for golf rounds. Depending on the current status of the dollar and Canadian dollar, that's meant that a discount of around 20-35% at any given time. "Our french fries come with American gravy and Canadian cheese curds and the resort consumes equal parts Budweiser and Molson," said Wright, in a lighthearted emphasis of his point.
Tap to watch the full speech below. Keep reading for more.
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Speaking to US Senators, Jay Peak President and General Manager Steve Wright details catastrophic impacts from recent tariff policy and rhetoric. pic.twitter.com/0F5pkLarct
— Lift Blog (@liftblog) June 11, 2025
Wright continued by saying that Jay Peak and the state of Vermont are forecasting a 'potentially catastrophic amount of trouble' as it pertained to Canadians citizens unwillingness to visit the state for the 'indeterminate future.' He also touched on the increased costs of bringing in necessary operating equipment for the resort as a result of the tariffs.
Located within Vermont's Northeast Kingdom, Jay Peak is the state's chief supplier of state and local taxes as well as more than 1,500 employment opportunities for Vermont's workforce, not to mention the most snow in eastern North America over the past winter, stated Wright. Despite these metrics, the ski area has already seen a massive decrease in Canadian visitorship. The 2026 fiscal year season pass sales has already seen a reduction of 35% by Canadian passholders.
Wright recalled personally calling more than 150 Canadian households over the past two weeks. "They cite the Presidential Administration's flagrant disrespect of Canadian independence and not only a challenge to Canadian sovereignty but their own identity and they feel the need to respond," said Wright, summarizing the common sentiments of these phone calls.
One family told him they were not sure when they'd return to Jay Peak, if ever. Beyond just Jay Peak, the 50,000 yearly Canadian visitors inject $150M into Vermont's economy annually, a number that has already seen suffering as a result of the tariffs.
Wright closes his statement by noting the optimism required to work in the ski industry, one that is based largely on remote locations, fickle weather, and a lack of affordable housing. "The very last thing we need added to our plates is the President's anti-Canadian being driven by this administration that is neither grounded in logic nor supported by facts. It is my hope that ultimately cooler and more logical heads will prevail, but we have not seen much in the way of cool, and logic appears to be roughly five months out the proverbial window," said Wright.
Jay Peak is not the only voice in the ski and outdoor industry to speak out about the affects of these tariffs. Earlier this week, women's ski and mountain bike brand, Wild Rye, opened to public investors as a way to bridge the financial gap needed to move product production out of China, as a result of the tariffs.
On May 5th, Black Diamond reported a 15-25% raise in prices as a result of the tariffs. Many more brands and ski areas have waited in hesitation to see how these tariffs will continue to impact an already precarious industry following the COVID pandemic and in the face of climate change.
Vermont skiers and ski areas are no strangers to standing up to this administration. Wright's statement further exemplifies that just because an office in the ski industry might look a little different than one in the White House, it's doesn't mean they aren't prepared to suit up and fight back.
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