In response to Executive Order D 2025 008, Colorado’s OEDIT, CDA, and CDLE consulted with stakeholders and found that U.S. tariff policies are creating significant challenges including business planning uncertainty, strained markets, increased material costs, and supply chain disruptions, with businesses currently absorbing these costs but eventually passing them onto consumers. OEDIT’s interviews with Colorado businesses revealed that tariffs impose overwhelmingly negative impacts through financial burdens that divert funds from R&D and salaries, create competitive disadvantages and price increases, and generate operational hurdles and planning uncertainty. Small businesses are particularly vulnerable due to thin profit margins and limited resources, forcing difficult decisions about salary reductions, layoffs, or closures, with rural communities experiencing especially severe ripple effects throughout their local economies. To address these challenges, the agencies have developed response plans focusing on direct financial support through loans and unemployment benefits, building industry and global partnerships to strengthen Colorado’s business competitiveness, and maintaining ongoing monitoring of tariff impacts with continued stakeholder engagement.