By Patty Niebert, The Associated Press/Report for America Colorado lawmakers are considering a bill to add more countries to a state program that imports prescription drugs from Canada. The state House Health and Insurance committee passed a bill Wednesday that would expand the program if the federal program is also increased. In 2020, under former […]
imports
Posted inBusiness, COVID, Growth, News
First the trade war, now the coronavirus. Jefferson County gets new tool to tackle international trade
With the ongoing woes of an international trade war and now a global pandemic brewing, Dino Dardano, president of Hestra Gloves, is ready to try a new tool available to him as a business in Jefferson County: foreign trade zones. The county became the latest Colorado community awarded the special designation, which lets businesses postpone […]
Posted inBusiness, Politics and Government
Colorado companies struggle in search for exclusions to Trump’s tit-for-tat tariff war with China
As Nite Ize legal operations manager Kelly Von Letkemann sifted through legal decisions to learn how to best persuade the federal government to exempt tariffs on products the Boulder company makes in China, some actions made sense. Some made no sense at all. She pointed to Sea Eagle Boats, for example. The family-owned New York […]
Posted inBusiness, News, Politics and Government
Adjusting to life under tariffs, Jefferson County and Grand Junction are pursuing a solution that’s still proving itself in Colorado
Jefferson County and Grand Junction are seeking to become free-trade zones in an effort to attract more business, add jobs and help local companies offset some of the rising cost of international trade. Their applications would provide the regions with a spot for companies to store imported goods and defer or bypass tariff-duty payments. There’s […]
Posted inBusiness, News, Politics and Government
It’s not just China: The United States’ global trade war has Colorado companies seeking — and finding — workarounds
BROOMFIELD — Colorful spools of thread made and imported from Germany will soon leave this Broomfield warehouse and head to Mexico, skipping any payment of U.S. tariffs. It’s not a random loophole. Part of Amann USA’s facility is located in a Foreign Trade Zone, a property designation that allows manufacturers to defer import taxes until […]
Posted inBusiness, News, Politics and Government
Colorado company may lose 1,000 jobs from tariffs, and others are prepping for a prolonged trade war
From frozen cuts of pork to leather jackets, tariffs on more than $200 billion of Chinese imports take effect on Monday. On the same day, tariffs on another $60 billion in products headed in the other direction get a retaliatory hike, as imposed by the Chinese government. After more than a few rounds in the […]