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DENVER – The Colorado Chamber of Commerce today released the following statement from President and CEO Loren Furman following the U.S. Supreme Court decision regarding tariffs:
“Many of our members across various sectors experienced significant impacts to their operations due to the tariffs imposed last year, from supply chain disruptions to increased overhead costs and overall uncertainty about the future. We’re hopeful that this decision will bring stability to the market and reduce costs across the board for Colorado employers and families at a time when our state is already one of the most expensive places to live and do business. The Chamber remains focused on ensuring Colorado businesses can operate with predictability across all levels of government.”
The Colorado Chamber is the state affiliate of the National Association of Manufacturers (NAM). According to the NAM, for every $1 of manufacturing output, Colorado imports 7 cents of inputs from our trading partners Canada and Mexico. For Canada, Colorado’s largest trading partner, the state imports $5.4 billion of goods and exports $1.6 billion annually.
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The Colorado Chamber of Commerce champions free enterprise, a healthy business environment and economic prosperity for all Coloradans. It is the only business association that works to improve the business climate for all sizes of business from a statewide, multi-industry perspective. What the Colorado Chamber accomplishes is good for all businesses, and that’s good for the state’s economy. It was created in 1965 based on the merger with the Colorado Manufacturers’ Association.