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86% of Colorado Businesses Oppose Rising Tariffs, Face Cuts

11/30/2025

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Summary

Story summary

Colorado's tariff report finds 86% of surveyed businesses view import taxes negatively due to financial impacts.
The report, coordinated by state agencies, cites a sevenfold rise in effective tariff rates.
Business owners face tough decisions, including potential layoffs and salary cuts.
Beef prices have risen despite concerns that tariffs threaten overseas markets.
State officials urge maintaining trade relationships with Mexico and Canada and exploring financial support for affected businesses.

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Story summary

Colorado's tariff report finds 86% of surveyed businesses view import taxes negatively due to financial impacts.
The report, coordinated by state agencies, cites a sevenfold rise in effective tariff rates.
Business owners face tough decisions, including potential layoffs and salary cuts.
Beef prices have risen despite concerns that tariffs threaten overseas markets.
State officials urge maintaining trade relationships with Mexico and Canada and exploring financial support for affected businesses.