Wall Street had another rocky day Monday, as stocks ended lower following President Donald Trump’s decision to double down on his tariff plans and threat to raise the import tax even more on goods coming from China.

The president said the tariffs would reverse decades of what he called unfair treatment by the rest of the world and result in factories and jobs moving back to the United States.

Several public companies based in Colorado have been taking heavy hits since stocks began to tumble last week, though some are in a better position than others and a few recovered some of their losses after trading hours Monday. 

VF Corp., the Denver-based parent company of popular apparel brands such as North Face and Vans, saw its stock fall by 2.6% Monday to $11.26 per share. Its stock rose by 3.91% after trading hours closed to $11.70.

Since last Wednesday, the company’s stock has fallen more than 31%. 

A spokesperson for VF Corp. declined to comment.

In last year’s fiscal report, released in March 2024 before Trump took office, the company said tariffs and retaliatory taxes might have a large effect on its business.

The company uses nearly 500 factories in China to produce its products and hundreds more around the world, according to VF Corp.’s factory list. It has fewer than 40 factories in the U.S.

“VF, similar to many other multinational corporations, does a significant amount of business that would be impacted by changes to the trade policies of the U.S. and foreign countries,” the report said.

The company’s stock has been oscillating in the last several days. On Thursday, the company’s stock ended 4.9% higher before diving again Monday. The swing was likely the result of news of potential tariffs negotiation between the U.S. and Vietnam, where the company has third-party manufacturers. 

Monday’s trading yielded a mixed picture for other Colorado-based companies. 

Civitas Resources saw its stock rise by 2.8% Monday but it was still down nearly 30 percent from its high last week.

Liberty Energy’s shares fell by 4.98% Monday and then rose by 1.14% in after trading hours; Ovintiv’s stock dipped by 0.70%; Antero Resources’ stock jumped by 2.06%; and SM Energy’s shares went down 2.02%.

Meanwhile, Centennial-based Arrow Electronics closed Monday with its stock falling to $90.32 per share, down more than 2%. The company’s shares have dropped more than 14% since the selloff began last Wednesday.

Arrow Electronics is a global electronic manufacturing company that trades on the New York Stock Exchange. The company made nearly $8 billion in sales within the Asia Pacific region last year, $9.5 billion in Europe, Middle East and Africa and $10.5 billion in the Americas, according to Arrow Electronics.

Colorado business confidence falls dramatically as Trump policies spur ‘shock’ of uncertainty

Trump placed 10% tariffs on China in February, while temporarily pausing his plans to enact 25% tariffs on imports from Mexico and Canada. Canada, Mexico and China are Colorado’s largest trade partners. 

By March, the tariffs on Canada and Mexico went into effect and Trump raised his tariffs on China to 20%.

At the time, it was estimated Colorado could pay an extra estimated $1.4 billion annually on tariffs, according to a report released on Tuesday by U.S. agricultural lobbying group Farmers for Free Trade and the World Trade Center Denver.

In 2024, Colorado paid $459 million on imports from all countries in 2024. Those additional tariffs would quadruple what the state pays on its imports, the report said. But the cost could be much higher if a trade war breaks out further, leaders from the World Trade Center Denver said last March.

As more retaliatory tariffs came in, Trump threatened to retaliate back by placing tariffs on the European Union, countries who bought oil and gas from Venezuela and auto imports.

Last week, the president said the U.S. would impose a 10% baseline tax on all imports, plus higher rates for countries that have a higher trade surplus than the U.S. The announcement sent the stock market in turmoil.

On Monday, Trump announced he will place additional tariffs to the ones already placed on China, as high as 50%, by Wednesday if the country does not take back its retaliatory tariffs on the U.S.

The Associated Press contributed to this report.