Colorado Gov. Jared Polis discussed President Donald Trump’s tariffs with 35 manufacturers and 30 industry partners during a roundtable Wednesday in Loveland.
“Today, I heard from Colorado manufacturers who were crystal clear: Trump’s tariff tax increase is bad for our economy, could shutter businesses, and will destroy good-paying jobs, all while raising costs on hardworking Coloradans,” the Democratic governor said in a news release.
“The ongoing uncertainty of tariffs being flipped on and off at the whim of the president will continue to worsen the recession and stifle investment,” Polis said. “If the president truly cares about American manufacturing, he must ditch these failed tariffs that have already done damage to our economy that could last years.”
John Sage, president of Vergent Products, said the uncertainty of tariffs has led to anxiety among the company’s clients in the electronics industry.
“We are seeing an uptick in activity to onshore projects from China as our clients are searching for certainty in managing their product costs," he said.
Addison Stark, AtmosZero CEO, said America’s educated workforce shouldn’t focus on making low-margin consumer goods such as toasters, but should put its attention on high-value industrial technologies. “That’s how we build resilient supply chains, strong wages, and durable American leadership in the global economy.”
U.S. Sen. Michael Bennet, D-Colorado, joined other senators in March in introducing the Tariff Transparency Act. It would require the bipartisan U.S. International Trade Commission to report on the economic effects of recent and proposed tariffs, according to a news release from Bennet’s office.
Source link