According to a recent article by the New York Times, the recent tariff war between the US and a combination of Canada, China, and the European Union could impact up to 2,000 jobs in the Rapid City trade area.
These jobs would mostly affect agriculture, manufacturing, and steel. And they would represent about 2% of Rapid City’s employment base.
Tom Johnson, president and CEO of Elevate Rapid City, western South Dakota’s largest development organization, is quick to remind business leaders that these numbers are estimates based on current trade patterns and do not account for potential adaptive strategies by local businesses.
“While there is no doubt that tariffs create uncertainty, and few economists would recommend trade wars as a sustainable economic development strategy, our region has always been resilient,” said Johnson. “We have a strong and diverse economy, and our businesses are resourceful. We know that some are exploring alternative supply chains, new export markets, and innovative ways to stay competitive.”
Johnson indicated that Elevate Rapid City actively works with local manufacturers, agricultural producers, and other impacted industries to provide resources, advocate for policy solutions, and identify strategies to mitigate potential disruptions. “We visit with almost 150 local businesses each year to make sure we are on top of the things we can control. Tariffs weren’t on our bingo card, but what can you do? Get up everyday and work our tails off. And that’s what we intend to do.”
He also emphasized the importance of collaboration, urging policymakers and business leaders to stay engaged in discussions on trade policies that support economic stability. “We will continue to advocate for our local businesses and ensure they have the tools they need to succeed, regardless of external challenges,” he added.
