Colorado Could Lose up to $800 Million over the Next 2 Years From Escalating Tariffs, Polis Says
Colorado’s average tariff rate rose from 3% to 21% last year, raising costs for key industries and risking $800 million in lost state revenue, the governor’s report found.
- Thursday, Gov. Jared Polis released a 98-page report saying President Donald Trump's tariffs raised Colorado's effective rate from 3% to 21%, disrupting the economy and risking recession.
 - President Donald Trump has imposed a patchwork of tariffs including a 10% baseline tariff and 50% tariffs on steel, aluminum and copper, with new tariffs on about 90 countries taking effect last month.
 - The analysis flagged energy, agriculture, construction and aerospace as hardest hit, with agriculture losing 25% of exports and beef exports down nearly $80 million, costing 265 jobs.
 - Under the report's forecast, the Colorado general fund would lose $241.1 million this fiscal year and an escalated tariff schedule would cost $440 million this fiscal year and $805 million next fiscal year, while the Colorado unemployment rate could rise by 0.4% next year to 5%.
 - Colorado is part of a multistate lawsuit after an appeals court found most tariffs illegal, while analysts earlier this year estimated recession odds at about 50%.
 
14 Articles
14 Articles
Gov. Jared Polis says Trump’s tariffs policy is disrupting Colorado’s exports, jobs
A report released Thursday by Colorado’s governor said President Donald Trump’s tariffs policy are disrupting the state’s economy and courting a recessionary scenario.
Gov. Jared Polis says Trump's tariffs policy is disrupting Colorado's exports, jobs
A report released Thursday by Colorado’s governor said President Donald Trump’s tariffs policy is disrupting the state’s economy and courting a recessionary scenario. State economists have, in fact, been sounding the risk of a scenario for a year — preceding both the White House’s tariffs changes and the congressional budget that Democrats blamed for Colorado’s […]
Trump tariffs on Colorado businesses are effectively “7 to 8 times higher” than last year, state report says
Gov. Polis asked for a deep dive into the impact of the higher U.S tariffs on the state’s economy. The report concluded there will likely be “worse economic outcomes.”
Colorado could lose up to $800 million over the next 2 years from escalating tariffs, Polis says
DENVER (KDVR) — Tariffs from the U.S. imposed on other countries remain in effect for now. Thursday, Governor Jared Polis gave an update about the impact they are having on Colorado so far. The governor is now putting a price tag on the costs for the first time, announcing a report from the state's Budget Office detailing the projected impact on the state's future budgets. The governor says that tariffs are costing the state millions of dollars,…
Here’s which western Colorado industries are most impacted by tariffs, according to a new state report
President Donald Trump’s widespread use of tariffs as part of his “Made in America” agenda is increasing costs for Colorado industries and consumers, according to a new report from the governor’s office. Gov. Jared Polis, a consistent critic of the Trump administration’s tariff policies, released a 98-page report on Thursday that examines the various economic effects that current tariffs are having in Colorado. Tariffs are taxes on goods purcha…
Polis releases report detailing impacts of Trump's tariffs on Colorado
While costs have crept up for consumers, President Donald Trumps tariffs havent yet led to the large price spikes many Coloradans feared. That has created a lot of confusion about the impact on consumers, so Denver7 is getting answers.On Thursday, Gov. Jared Polis released a new report showing the impact Trumps tariffs could have on Colorados economy. The report said the tariffs will likely lead to worse economic outcomes for both the U.S. and C…
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