New York Gov. Kathy Hochul condemned former President Donald Trump’s newly announced tariffs, calling them a “reckless tax” that threatens small businesses, raises consumer costs, and disrupts financial markets. She warned that tariffs could cost Americans thousands, weaken retirement savings, and hurt tourism-dependent businesses from Niagara Falls to Montauk. Hochul argued that such policies isolate the U.S. from global partners and undermine economic growth.

Statement From Governor Kathy Hochul on President Trump’s So-Called ‘Liberation Day’ Tariffs

“Since the start of the Trump administration, the constant threat of tariffs has caused nothing but chaos and uncertainty. Tariffs are estimated to cost Americans upwards of $6,500, 401(k)s are plummeting and businesses that rely on tourism are feeling the negative impacts of the loss of our Canadian visitors from Niagara Falls to Montauk Point.

“Don’t be fooled, this so-called ‘Liberation Day’ is nothing but a reckless tax on hard working New Yorkers that is hurting small businesses, driving up costs for families and alienating our long standing global partnerships. This is not how you grow an economy, it’s how you tank one.”

April 2, 2025

Albany, NY

Sources: WH.gov, Midtown Tribune news
Big New York news BigNY.com

#TrumpTariffs #Economy #Markets #Trade #KathyHochul