TARIFF AND TRADE POLICY

• 1 in 5 Colorado jobs depend on trade, fueling the state’s economy and supporting local communities. Colorado exports of manufactured products supported an estimated 36,000 jobs in 2022.

• Colorado businesses and workers collaborate with trading partners through integrated supply chains, boosting efficiency and global competitiveness.

• Some imports have no domestic substitute, meaning tariffs raise costs for businesses – costs that are often passed on to consumers.

• If increased tariffs collected in the US by US importers are used to offset decreased taxes, have we made much of an impact overall?

• Broad, sweeping tariffs are an ineffective tool for addressing specific trade issues. Historically, such measures have led to significant trade retaliation against U.S. exporters. Instead, the administration should prioritize targeted solutions, proactive negotiations, and domestic investments to make U.S. businesses more globally competitive.

• The North American trading block is critical to the US economy. Increasing tariffs on our largest trading partners causes harm to the continent, our national security, and local economies. The Trump Administration will likely seek a renegotiation of USMCA in 2026. It is imperative that we do no harm to our North American counterparts and minimize crucial supply chain disruption.

• Canada has consistently been Colorado’s largest importer.

• Enhanced trade leads to peace and prosperity for all.