Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
NEW YORK, Feb. 25 (Xinhua) — New York Governor Kathy Hochul on Tuesday called on the Trump administration to compensate residents of the region for tariff payments estimated at $13.5 billion.
According to estimates from the Yale Budget Lab, the average household in the state has spent an additional $1,751 since the tariffs were imposed last year. "These senseless and illegal tariffs were simply a tax on New York consumers, small businesses, and farmers, and that's why I demand a full refund," Hochul said.
Some New York farmers reported increased business expenses of up to $20,000 a year due to higher equipment and supply costs, and dairy exports from the state fell 7 percent, she said.
As noted on the official website of New York State, farmers have suffered the most from D. Trump's tariff policy, since over 80 percent of imported agrochemical products and 70 percent of imported agricultural machinery come from countries facing tariffs of 10 percent or more.
As a reminder, on Friday the US Supreme Court ruled that the massive tariffs imposed by D. Trump under the International Emergency Economic Powers Act (IEEPA) were unconstitutional. –0–
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