When China added a 25% tax on soybeans in retaliation to U.S. tariffs last year, Colorado’s farming community shrugged it off. Soybeans aren’t much of a crop here. But nationwide, large patches of Midwestern soybean farmland switched to corn. That, in turn, meant more corn would stay in the U.S., driving down prices for Yuma […]
tariffs
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, Outdoors, Outsider, Politics and Government
“There is a lot of uncertainty”: Outdoor industry facing $1.5 billion in monthly losses from Trump’s trade war
“Who here has a business impacted by these tariffs?” asked the speaker at the lectern. Hundreds of hands reached for the ceiling of the standing-room-only convention hall. The angst was palpable at this week’s Outdoor Retailer trade show as the outdoor industry hunkered under painful, punitive tariffs imposed by President Donald Trump in his trade […]
Posted inBusiness, Opinion, Opinion Columns, Politics and Government
Opinion: AFP Action backs Cory Gardner for reelection, his hallmark is his ability to unite for what is right
Almost every politician talks about making “tough choices” and “working across the aisle” to get things done. But too often, it’s just talk. Too many do everything they can to avoid difficult votes and wouldn’t be seen in public agreeing with someone from the other party. So, let me tell you a story about tough […]
Posted inBusiness, News, Outdoors
China tariffs are translating into higher prices, strategic shifts for the outdoor industry. But “it’s not something you can do overnight.”
The ongoing tariff war is riling the outdoor industry, with gear makers and brands deploying a variety of strategies to handle the Trump administration’s plan to raise tariffs on more than $200 billion worth of Chinese-made products to 25% from 10%. The additional tariffs on things like backpacks, sports bags, ski gloves, kayaks, bikes, camp […]
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
South Korea, home of Hanwoo and bulgogi, is now largest importer of Colorado beef
Last year, the Republic of Korea became the top international buyer of Colorado beef. And no, its rise in the rankings did not have to do with the ongoing trade war between the U.S. and China. The small East Asian country, known for its homegrown Hanwoo cattle and grilled sweet BBQ beef, knocked Japan and […]
Posted inBusiness, Growth, News
Why a computer maker moved manufacturing to Denver, despite ongoing trade war with China
Inside the spacious warehouse where solar-energy equipment was once made, about two dozen employees are building the craziest thing to be built in Denver: computers. Major PC makers moved manufacturing overseas long ago, but System76 isn’t known for following others. Its computers don’t have Microsoft Windows, but rather, the open source Linux operating system. The […]
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 […]