WASHINGTON, D.C. (WNAX) – A report this week from Bloomberg said that the ongoing trade wars and tariffs will wipe out most of the benefits from the tax cuts of 2017. Research (from the Urban-Brookings Tax Policy Center) shows the average middle earner got a tax cut of about $930. The tariffs have cost those same earners about $830.
South Dakota Congressman Dusty Johnson says tariffs do create costs.
Johnson says there are some good long term goals out there.
Johnson says the approval of the USMCA trade deal would be a good restart.
President Trump is still considering additional tariffs on another $300 billion in goods from China.