Colorado Politics

Bankers: Trade war having negative effect on rural economies in Colorado, neighbor states

OMAHA, Nebraska – More bankers surveyed in Colorado and parts of nine other nearby states  say President Donald Trump’s trade skirmishes are having a negative effect on their local economies.

The Rural Mainstreet survey released Thursday shows the survey’s overall index falling from 53.2 in June to 50.2 this month. Any score above 50 suggests a growing economy, while a score below 50 indicates a shrinking economy.

Creighton University economist Ernie Goss, who oversees the survey, says higher agriculture commodity prices and rebuilding from recent floods helped prop up the region’s economy last month.

But he added that nearly nine of 10 bankers surveyed noted the tariffs’ negative impact on the economy. That’s up from eight in 10 who said the same thing in September.

Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.

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