Colorado State Treasurer Highlights Tariff-Induced Economic Chaos
Colorado's state treasurer, Dave Young, has raised concerns about the impact of tariffs on the state's economy. During a conference call with fiscal officers from other states, Young highlighted that Colorado businesses paid $1.1 billion in tariffs in 2025, marking the highest tariff costs in over a century. These tariffs are affecting various sectors, including agriculture, construction, energy, and aerospace. Young emphasized the unpredictability caused by tariff policies, which are frequently changed, reversed, or escalated without warning, creating challenges for business owners in planning investments, hiring staff, or setting prices. Some businesses are seeking refunds after the Supreme Court struck down a significant portion of President Trump's global import taxes, although the court did not address the issue of refunds. 
