RAPID CITY, S.D. (KOTA) – Former President Donald Trump proposed a 100% tariff on every car imported from Mexico as a way to stop U.S. businesses from shipping jobs overseas. Additionally, he is suggesting lowering the U.S. corporate tax rate from 21% to 15% to entice companies to move to the U.S. to avoid tariffs on their goods and receive tax breaks. The big picture goal is to create more jobs in the country and Representative Dusty Johnson believes a second Donald Trump Presidency will be good for business growth, but not because of tariffs.
“When he was President the first time we saw a lot of factories open up in America. In fact, 6,000 new American factories opened up during his first two years as president, but it wasn’t because he put a bunch of tariffs on foreign goods. It was because we had a regulatory and tax environment that encouraged those companies to move here,” Johnson said.
According to Forbes AdvisorSouth Dakota ranks as …