Mayor Adams taking wait-and-see approach to Trump’s tariff hikes as other pols warn they could harm NYC

Mayor Eric Adams on Monday said he is taking a wait-and-see approach to President Trump’s tariff increases on imports from several countries even as many local pols fear they could significantly raise prices on New Yorkers and hurt local businesses.

Hizzoner, during an unrelated Monday news conference, said the Trump administration needs to “find the right balance” with the tariff increases it imposed on Mexico, Canada, and China over the weekend. He added that his budget director, Jacques Jiha, and other top city officials are doing “an analysis” on how the tariffs could impact the five boroughs economically.