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Colorado Governor Order Creates Task Force to Mitigate Tariff Impacts
UNITED STATES, JUL 14 – Democratic governors direct state agencies to analyze tariffs' effects on consumers, businesses, and key sectors, citing increased costs and a 25% drop in cross-border trade with Canada, officials said.
- Colorado Governor Jared Polis directed state agencies to evaluate and address the economic effects of President Trump's tariffs on Colorado through a task force and reporting requirements for 2024 and 2025.
- The order came in the wake of newly introduced 30% tariffs targeting both Mexico and EU countries as part of ongoing trade measures affecting major partners such as Mexico and Canada.
- Colorado exported $1.7 billion in goods, largely beef products, to Mexico in 2024, and the tariffs are reported to disrupt multiple sectors including manufacturing, agriculture, and construction.
- According to a Yale Budget Lab report cited by Illinois Governor Pritzker, tariffs may increase household costs by over $4,000 annually and cost the U.S. $29 billion in tourism, while small businesses face higher materials costs.
- States including Colorado, Illinois, and New York are compiling data and drafting recommendations to mitigate tariff impacts, signifying coordinated efforts to manage rising costs and economic uncertainty caused by these trade policies.
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Philstar Global
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Capitol Fa - Your Illinois News Radar » Pritzker signs tariff-related EOCapitolFax.com
* Click here for the full EO. Click here for a press release containing actions by other Democratic governors. Press release… Today, Governor JB Pritzker signed Executive Order 2025-03, directing state agencies to evaluate the scale and impact of how Trump’s tariffs will affect key economic sectors in and the increased costs that will [...]
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