New tariffs could threaten $276.9 million in Colorado exports — Pork producers face the biggest risk
The Denver Post
Retaliatory tariffs could put $276.9 million worth of Colorado exports and thousands of jobs in the state at risk, according to a report Monday from the U.S. Chamber of Commerce.
The chamber, normally aligned with the Trump administration on issues like regulation and taxation, launched a website opposed to the federal government’s shift in trade policy under the banner “Trade works. Tariffs don’t.”
“Tariffs imposed by the United States are nothing more than a tax increase on American consumers and businesses,” the chamber said in its report. “This is the wrong approach, and it threatens to derail our nation’s recent economic resurgence.”
Chief among the new U.S. tariffs are a 10 percent charge on imported aluminum and a 25 percent charge on steel the administration argues are necessary for national security and to promote more domestic production.
Those and other tariffs have triggered a strong response from the country’s trading partners, who have retaliated with levies of their own.
Read the full story at http://www.denverpost.com.
Support Local Journalism
Readers around Vail, Beaver Creek and Eagle Valley make the Vail Daily’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.
Each donation will be used exclusively for the development and creation of increased news coverage.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User
It’s fitting that Eagle County is proceeding through its reopening phases of COVID-19 in an analogy to ski run difficulties — green to blue to black. Monday marks the transition from the green beginner phase to the blue intermediate phase.