President Donald Trump’s tariff increases on Canada, Mexico, and China implemented on Saturday — resulting in retaliatory tariff hikes on American exports — threaten to seriously impact every New York consumer with higher costs for just about everything, local officials warned Sunday.
Fulfilling a promise made during his 2024 campaign, Trump levied 25% tariff increases on imported Canadian and Mexican goods — and a 10% tariff hike on Chinese goods — on Feb. 1 via executive order. He claimed the move was necessary to increase border security and stop the illegal importation of fentanyl.
