Colorado Could Lose up to $800 Million over the Next 2 Years From Escalating Tariffs, Polis Says
Colorado's report links Trump's tariff policies to job losses, $800 million revenue decline, and a predicted recession in 2026-27 across key industries including agriculture and aerospace.
- On Thursday, Colorado Governor Jared Polis released a 98-page report alleging President Donald Trump's tariff policy is disrupting Colorado's economy, predicting a 2026-2027 recession and $800 million revenue loss.
- Since 2024, Colorado's tariffs have surged from 3% to 21%, with President Donald Trump's 10% baseline and 50% steel, aluminum, and copper levies prompting 30% tariffs from China and 39% from Switzerland.
- The report found Colorado consumers face over $600 million in increased costs, the Colorado aerospace industry risks about $61 million in losses and 195 job cuts, and construction costs rise 4% to 6%, adding $30,000 to $45,000 to a $750,000 home.
- The report projects Colorado's unemployment rate to rise by 0.4 percentage points to 5% in 2026, Colorado gross domestic product to drop from 1.6% to 0.6%, and Canadian tourists' summer bookings to fall about 55%, impacting 715,000 small businesses.
- Colorado has joined legal action in a multistate lawsuit challenging President Donald Trump's tariff authority, while his appeal to the U.S. Supreme Court won't be heard until after next month's 2025-26 session; analysts recently estimated recession odds at about 50%.
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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 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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