New York Governor Kathy Hochul didn’t hold back on Trump’s latest round of tariffs, calling them a “reckless tax” that’s hammering small businesses, tanking 401(k)s, and driving up costs for families. With Canadian tourism taking a hit from Niagara Falls to Montauk, Hochul warns that these tariffs are isolating the U.S. and wreaking havoc on the economy—not fixing it.
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
P.S. Most New Yorkers (judging by comments on the governor’s official Facebook page) believe that the newly imposed tariffs will help bring manufacturing back to the state, which is known for its agriculture but has been struggling over the past decade due to an influx of cheap, low-quality products from Canada and Mexico. Many expect power plants to restart and mineral extraction to resume in New York, reducing reliance on electricity and fuel imports from Canada. Reciprocal tariffs, eliminating previous one-sided disadvantages against American producers, could give a new boost to national businesses and help the U.S. recover from the trade deficit caused by excessive market openness.
Sources: NY.gov, Midtown Tribune news
Big New York news BigNY.com
#TrumpTariffs #NYEconomy #SmallBusiness #KathyHochul #LiberationDay