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Schumer says Trump’s tariffs could put 260K New York jobs at risk
By
Giulia Heyward
Published Apr 7, 2025
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Kayla Bartkowski/Getty Images
By
Giulia Heyward
Published Apr 7, 2025
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Hundreds of thousands of jobs in New York state are at risk due to new federal tariffs on imported goods, according to U.S. Senate Majority Leader Chuck Schumer.
Schumer’s comments on Monday come days after President Donald Trump’s proposed taxes on imports took effect — a move the senator warned could wreak havoc on the U.S. economy once fully implemented.
Schumer said he and Sen. Amy Klobuchar of Minnesota introduced an amendment late Friday to halt the tariffs, but Senate Republicans voted it down.
The sweeping measures are expected to affect everything from grocery prices to the national unemployment rate and the stock market. Wall Street leaders have also warned the tariffs could damage the country’s global economic standing.
In New York, Schumer said the effect could be particularly severe.
“We’re one of the largest trade hubs in the world. He’s going to make jobs, investments and revenues nosedive,” Schumer posted on X. “New Yorkers are facing $20 billion in increased costs and 260,000 jobs under threat.”
Neither Schumer nor the White House responded to a request for comment from Gothamist.
The warning comes as local officials brace for wider impacts. Earlier Monday, MTA Chair Janno Lieber said Trump’s tariffs could further inflate the cost of major transit projects in New York, which already lead the world in construction expenses.
In Manhattan, the borough chamber of commerce has said the rollout of the tariffs has already caused panic among city businesses, particularly small ones with thin margins. Industries expected to be hit hardest include restaurants, retailers, auto dealers and medical providers — many of which rely on goods from countries now subject to steep import taxes, the chamber of commerce said. They also warned that a backlash abroad could hurt tourism and foreign investment in New York City, compounding the economic risks.
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Politics
Giulia Heyward
Giulia Heyward is a breaking news reporter on the Day-Of desk. She previously worked at NPR, as a breaking news reporter, and the New York Times, as a reporting fellow on the national desk. Her work has also appeared in CNN, The Atlantic and Politico. Got a tip? Email [email protected] or more securely on signal at 917-715-1458.
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Gothamist is funded by sponsors and member donations
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