DENVER — While costs have crept up for consumers, President Donald Trump’s tariffs haven’t yet led to the large price spikes many Coloradans feared. That has created a lot of confusion about the impact on consumers, so the Scripps News Group is getting answers.

On Thursday, Gov. Jared Polis released a new report showing the impact Trump’s tariffs could have on Colorado’s economy. The report said the tariffs “will likely lead to worse economic outcomes for both the U.S. and Colorado.”

“One thing that's clear: Everyone loses a trade war,” Polis said. “Everyone loses a tariff war. It’s a race to the bottom.”

Read the full report below

The governor’s report said Colorado’s effective tariff rate, which is the actual average cost of taxes (tariffs) paid on imports, is higher than it has be

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