New York Gov. Kathy Hochul is pushing back against former President Donald Trump’s new tariffs, calling them a “reckless tax” that hurts small businesses, raises costs for families, and shakes financial security. She warns the tariffs could cost Americans thousands, weaken 401(k)s, and drive away Canadian tourists, impacting businesses from Niagara Falls to Montauk. “This isn’t how you grow an economy—it’s how you tank one,” Hochul said.
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. In 2010, the United States was a significant exporter of agricultural and food products. The leading U.S. agricultural exports included grains and feeds, soybeans, livestock products, tree nuts, fruits, vegetables, and other horticultural products. These exports played a crucial role in the U.S. economy and contributed to the country’s position as a major player in global agricultural trade .
The U.S. agricultural trade balance was positive for nearly 60 years until 2019, indicating a strong export sector. The U.S. exported a diverse range of food products, with soybeans and corn being among the top exports. The agricultural sector’s contribution to the U.S. GDP was significant, reflecting the importance of exports in sustaining prices and revenues for U.S. farmers and agricultural firms .
The U.S. food export sector, including agriculture and related industries, contributed approximately $1.530 trillion to the United States’ GDP in 2023. The output of American farms accounted for $203.5 billion of this total. The United States exported about $178 billion worth of food products globally in 2023, showcasing the scale and profitability of the U.S. food industry .
Sources: NY.gov, Midtown Tribune news
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