US EditionExperts Warning of Possible Recession Amid Tariffs, Jobs Numbers
DENVER COUNTY, COLORADO, AUG 4 – Consumers face up to 40% higher footwear prices and 38% higher apparel costs as tariffs reach their highest levels since the Great Depression, according to Yale Budget Lab analysis.
- On August 1, Canada increased tariffs to 35%, affecting Colorado's $1.8 billion in exports to Canada in 2023, which made up 18% of the state's trade.
- The tariff hike followed growing tensions over President Trump's 2025 tariff plans, which Democrats and some Republicans link to rising costs and slowing job growth amid economic uncertainty.
- Colorado Governor Jared Polis and Senator John Hickenlooper criticized the tariffs for harming the economy, while retailers report higher input costs and expect to raise prices soon.
- The Trump administration claims tariffs generated over $150 billion in revenue in the first half of 2025 and calls this period America's 'Golden Age.'
- The tariffs have raised prices on footwear and apparel by about 40%, pressured retailers to adjust prices, and create risks including reduced GDP and job growth slowdowns.
32 Articles
32 Articles
Colorado Democrats decry tariffs as failed, warn of recession - Washington Examiner
(The Center Square) – Colorado Gov. Jared Polis wants President Donald Trump to abandon his “failed tariff-tax plan.” This comes as Trump’s administration is praising the tariffs for bringing in record revenue totaling more than $150 billion in the first six months of 2025, signaling what the White House is calling America’s “Golden Age.” The messaging from Democrats could not be different though, as they argue tariffs are raising costs for Amer…
'Jittery' Republicans aren't buying Trump's spin after 'huge mistake' on job numbers
Republicans are reportedly “feeling jittery” over the potential economic fallout to President Donald Trump’s tariffs, set to kick off on Thursday but already starting to impact job growth and costs.“Republicans on Capitol Hill are feeling jittery about the economy after the latest jobs report showed...
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