spot_img

Colorado Democrats decry tariffs as failed, warn of recession

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 Americans.

“Once again, President Trump is playing chicken with America’s economy, and the American people are the ones suffering,” Polis said in a news release. “This means higher costs on food, clothing, electronics and so much more. Essentially, placing a tax on Americans and everyday goods hurts our economy and creates uncertainty that is devastating investments and job growth in our country.”

Polis expressed deep concern with the Canadian tariffs in particular, which just increased to 35% on Aug. 1.

- Advertisement -

Earlier this year, Polis declared March 15 to be Colorado Canada Friendship Day and raised the Canadian flag over the state capitol in a sign of solidarity, as previously reported by The Center Square.

In July, Polis issued an executive order creating the Colorado Tariff Burden Reduction Task Force to help agencies deal with “increased costs” from tariffs.

“The state should make all efforts to collect and analyze data related to U.S. Tariff Policy and the harms imposed on Colorado consumers, producers, and manufacturers to inform recommendations for how to protect Coloradans and the state’s economy during this volatile time,” it said.

According to the governor’s office, in 2023, Colorado exported $1.8 billion in Colorado goods and produce to Canada, accounting for 18% of all of the state’s trade exports.

Beef is one of Colorado’s largest exports, making it a top driver of Colorado’s agricultural economy. In 2024, the U.S. exported a total of $10.45 billion in beef and beef products around the world.

“Colorado’s top export countries for beef are Mexico, Canada, South Korea, Japan, China, all countries now facing Trump’s on-again off-again tariffs,” Polis’ office said.

- Advertisement -

While the trade partnership with Canada is critical, Polis also responded to other tariffs the Trump administration has either threatened or are currently in effect.

“Once again, President Trump is playing chicken with America’s economy, and the American people are the ones suffering,” Polis said on social media. “This means higher costs on food, clothing, electronics and so much more.”

Other Democrats have joined Polis in expressing their concerns, even throwing out the possibility of a coming recession.

“Trump’s tariff-taxes are raising prices, tanking the US dollar’s buying power, crushing our small businesses with uncertainty, and now stunting job growth,” said Sen. John Hickenlooper, D-Colorado, on social media. “This is a recipe for a recession.”

Yet, recent reports found minimal impact on some industries in Colorado from tariffs, with car sales up in the state this year.

Even concerns about inflation and the job market have yet to materialize, as unemployment improves and a report from the U.S Bureau of Labor Statistics found that there has been only a minimal increase in inflation in the Denver area since Trump took office.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Men of Color Expo – Celebrating Men of Excellence

Tinker Federal Credit Union & PPBC Present Men of Color...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Amendment 3 rejection leaves Louisiana universities without $70M in savings

(The Center Square) — Louisiana colleges and public school...

Everyday Economics: The economy is still standing, but the squeeze Is building

This week brings three important reads on the economy:...

No raises for Louisiana teachers amid voters rejecting all 5 amendments

(The Center Square) – Louisiana voters rejected all five...

Kentucky to select candidates in high profile races

(The Center Square) - Kentucky voters will head to...

General fund revenue for fiscal years 2026, 2027 up $2.6B

(The Center Square) – North Carolina’s general fund revenue...

Alabama voters to elect candidates in redrawn map

(The Center Square) - Alabama voters will head to...

Do midterm redistricting efforts favor Republicans?

The U.S. Supreme Court slapped down an appeal from...

Illinois lawmaker calls for Aurora mayor’s resignation over alleged ICE ‘doxxing’

(The Center Square) – Illinois state Rep. Adam Niemerg,...

More like this
Related

Amendment 3 rejection leaves Louisiana universities without $70M in savings

(The Center Square) — Louisiana colleges and public school...

Everyday Economics: The economy is still standing, but the squeeze Is building

This week brings three important reads on the economy:...

No raises for Louisiana teachers amid voters rejecting all 5 amendments

(The Center Square) – Louisiana voters rejected all five...

Kentucky to select candidates in high profile races

(The Center Square) - Kentucky voters will head to...