Trump touts Midwest tax exodus as True Value quits Illinois for Indiana

Trump touts Midwest tax exodus as True Value quits Illinois for Indiana

Trump the president pointed to hardware wholesaler True Value's move to Fort Wayne and to prior corporate exits as proof that high-tax states are losing companies and jobs.

Richard Miniter
First Published: July 21, 2026, 4:39 AM ET

Donald Trump renewed his warning that high taxes are draining companies from blue states.