DENVER - Today, after his worldwide tariff announcements caused chaos for Colorado businesses, crashed the market and hurt Coloradans’ retirement savings, and elicited a strong, yet unique, bipartisan response against them, President Trump partially walked back on his immediate tariff threat, delaying most but not all by 90 days, and temporarily pausing a trade war of his own making that was devastating the economy.
“These tariffs have wreaked havoc on America’s businesses and hardworking people. The uncertainty caused by Trump’s tariff tax increase means that more businesses will consider leaving the United States, taking away good-paying jobs, raising prices, and putting America last. A major tariff increase would put the United States on a direct path to economic recession. Americans need certainty to plan our lives, afford groceries, and our businesses need certainty to make smart investments in America. Congress should do their jobs to protect our economy and ensure the President can't purposefully destroy it, depending on which side of the bed he wakes up on. I urge the administration to avoid further chaos and disaster in 90 days and eliminate the remaining tariffs that President Trump has imposed, including the blanket 10% tariff," said Colorado Governor Jared Polis.
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