City Council leaders warned on Wednesday that President Trump’s sweeping tariffs could damage Gotham’s economy and place further strain on New Yorkers already struggling to make ends meet. They also called out Mayor Eric Adams for refusing to criticize Trump over the issue.
The escalating series of tariffs between the United States and trading partners like China and the European Union, which Trump set off last week, sent the stock market into a volatile frenzy and caused widespread fear of soaring prices. Tariffs are a tax on foreign imports of everyday items, such as cars and computers, that typically get passed onto consumers.
