Tag: Tariffs
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Court hands Colorado a tariff ‘liberation day’ | Jimmy Sengenberger
The U.S. Supreme Court’s decision striking down President Donald Trump’s expansive “Liberation Day” tariffs was the right call — and it spares Colorado economic pain, even as the politics surrounding the decision have already struck the state. On Friday, the Court ruled 6-3 that the International Emergency Economic Power Act of 1977, which the administration…
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Trump pulls endorsement from Jeff Hurd over tariffs, backs Colorado Republican’s primary challenger
President Donald Trump on Saturday rescinded his endorsement of U.S. Rep. Jeff Hurd and threw his support behind the Colorado Republican’s primary challenger, Hope Scheppelman, citing the first-term incumbent’s “lack of support” for the administration’s tariff policy. The move comes after Hurd joined five Republicans and nearly all House Democrats earlier this month in voting…
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Denver’s business community reacts to tariffs ruling
Within hours of the U.S. Supreme Court striking down the Trump administration’s tariffs, Denver and Colorado business leaders said the justices provided clarity, adding stability and predictability are essential to the American economy. The court’s 6-3 decision centers on tariffs imposed under an emergency powers law, including the sweeping “reciprocal” tariffs the president levied on…
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U.S. Supreme Court strikes down Trump’s tariffs, upending central plank of economic agenda
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WASHINGTON • The Supreme Court struck down President Donald Trump’s global tariffs on Friday, handing him a major loss on an issue crucial to his economic agenda. The 6-3 decision centers on tariffs imposed under an emergency powers law, including the sweeping “reciprocal” tariffs the president levied on nearly every other country. In imposing the…
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Colorado farmers warn U.S. Sen. John Hickenlooper tariffs and research cuts endanger agriculture
Northern Colorado farmers told U.S. Sen. John Hickenlooper this week that tariffs and President Donald Trump’s decision to import $40 billion worth of beef from Argentina have hurt Colorado’s agricultural industry. But the administration’s cuts to scientific research are almost as bad, they said in a forum in Fort Morgan Tuesday night. The forum, hosted…
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At a Denver holiday market, shops hope December pays off pain of tariffs
Ahead of the Cherry Creek Holiday Market in Denver, food scientist Aleksey Krasovskiy had to find the right recipe to make his health-conscious dessert business work under tariffs. The owner of Flèche Healthy Treats, which specializes in gluten-free and sugar-free desserts, tweaked some of his original recipes with cheaper ingredients wherever he could find them,…
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Denver shoppers wary ahead of holidays, but people may keep spending
The holiday bells are ringing and so are the cash registers — or more like self checkouts nowadays. The run up of holidays beginning from Thanksgiving to Christmas, Hanukkah and New Year’s Day is the biggest shopping season of the year and closely watched by analysts to see how the economy is running. This year,…
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COLUMN: ‘Fees,’ ‘tariffs’ — taxes by another name | Jimmy Sengenberger
Last week, when U.S. Treasury Secretary Scott Bessent was asked why President Donald Trump’s tariffs are “not taxes on imported goods,” he said something so absurd, it would be hilarious if he weren’t trying to be serious. “That’s easy,” Bessent said. “Because tariffs are a surcharge, not a tax. They could be paid by the…
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US stocks drop toward worst day since April after Trump threatens more tariffs on China
NEW YORK (AP) — A monthslong calm on Wall Street is shattering Friday, and U.S. stocks are falling after President Donald Trump threatened to crank tariffs much higher on China. The S&P 500 sank 2% and was heading toward its worst loss since April. The Dow Jones Industrial Average dropped 598 points, or 1.3%, after…
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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…