Tag: tariffs
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Colorado new car sales drop nearly 20% in first quarter
Car sales in Colorado slumped in the first quarter this year as consumers responded to reduced EV incentives and manufacturers began to pass on the cost of tariffs to buyers. The Colorado Auto Dealers Association (CADA) reported 43,514 new vehicles were registered in the first quarter. That included 6,152 new vehicle registrations in southern Colorado.…
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Businesses can claim refunds starting Monday for Trump tariffs declared unconstitutional
NEW YORK (AP) — A refund system for businesses that paid tariffs which the U.S. Supreme Court ruled President Donald Trump imposed without the constitutional authority to do so is scheduled to launch Monday. Importers and their brokers will be able to begin claiming refunds through an online portal beginning at 8 a.m., according to…
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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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Southern Colorado beef producers criticize Trump’s plan to import meat from Argentina
President Donald Trump’s plan to slash the record high prices of American beef by importing meat from Argentina is drawing criticism from producers and politicians on both sides of the aisle, including in Colorado, which has a robust cattle industry. The U.S. plans to increase the tariff-rate quota for Argentina to 80,000 metric tons of…
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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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Brown’s Shoe Fit has new location; owner optimistic despite tariff threat
Brown’s Shoe Fit has a new location, and owner Ryan Prickett is excited to begin selling shoes with a view. The shop, now located at 5691 N. Academy Blvd., has a sweeping view of Pikes Peak, Cheyenne Mountain and the foothills. At present, things are slower than he’d like, but Prickett hopes an advertising campaign…
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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
Kristi Burton-Brown: ‘If he wants to help businesses, he should stop increasing taxes on them and actually cut their taxes’
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Tariffs turmoil: Uncertainty, higher prices, the new norm across Colorado outdoor industries
After more than a decade as a successful entrepreneur, Steve Kaczmarek had a sense for the kinetics of commerce — that invisible web of diplomacy, dollars and demand behind just about every transaction on the planet. Call it gut GPS. He listened, in 2013, when his instincts told him to take his garage-born hobby — Borealis…