
New York State Residents Expected To Lose “$1,400 A Year”
New York Governor Kathy Hochul says New Yorkers will pay big price thanks to a new decision from President Donald Trump.
Over the weekend, President Trump officially imposed tariffs for goods from Mexico, China, and Canada.
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New York Gov Hochul: New York And Canada Is One Region
Hochul reports New Yorkers will end up paying a a big economic price for the tariffs imposed Saturday on Canadian goods by President Trump.
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"This is going to be an additional tax on New York residents and American residents overall, and I don't see a way around that. This is what we’re facing right now. In a time when I’m working so hard to put money back in New Yorkers pockets, an additional $1,300, $1,400 a year is going to take that money right back out. So consumers are the ones who are going to bear the brunt of this, and that's what concerns me so much," Hochul said.
Hochul went onto to say there's "synergy" between Canada and New York State.
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"It's like all part of one region, and we have a lot of trade between us, and it's critically important for our farmers, and our manufacturers, and all the areas we produce materials that Canada needs that we get that across the border with ease," she said.
Hochul is not shocked Canada quickly imposed retaliatory tariffs on imports coming from the US.
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“Americans are already feeling the strain of high costs — yet Republicans in Washington are pushing tariffs that will make everything more expensive," Hochul stated. "In New York and across the Northeast, gas and electricity costs could skyrocket. Tariffs on Canadian lumber and building materials would drive up housing costs and stall construction. These tariffs will disrupt supply chains, slow production, and cost jobs. And when other countries hit back, our small businesses, farmers and manufacturers will take the hit. “Republican members of New York's congressional delegation have a choice: stand up for their constituents or let the Administration push through this disastrous policy. I urge New Yorkers to call them with a clear message — no backdoor tax.”
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