Krimson Klover, a high-end women’s outdoor and lifestyle apparel company, isn’t in danger of going out of business because of tariffs. But Gail Ross, chief operating officer, said the 37.5% tariff the Boulder company is paying on goods from China has created cash-flow issues that affect every aspect of the business.
“When you owe the government, call it a couple hundred thousand dollars that wasn’t expected, suddenly you’ve got to tighten up other places every which way you can,” Ross said.
A Thursday report from the Colorado Office of State Planning and Budgeting says the tariffs have “already increased costs across nearly every sector of Colorado’s economy” and has put fiscal pressure on an already strained state budget.
In addition, the end of a tariff exemption on small shipmen