New York Governor Hochul Asked If There Is A 'Contingency Plan' If Canada Tariffs Go 'Long-Term'

yesterday

During a press briefing on Tuesday, Gov. Kathy Hochul (D-NY) was asked about President Trump's tariffs on Canada.

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Transcript

00:00So, we're in sort of a situation of will they, won't they on tariffs with Canada.

00:05Obviously, Canada imports a lot of the base resources that we need to build more housing supply in New York and nationwide.

00:13Do you have any contingency plans in place for if those tariffs do go into long-term effect?

00:19Well, this has been something I've convened many conversations around.

00:22I was in Buffalo the first couple days after it was announced that they were going to really target our largest trading partner, Canada,

00:30and knowing that we get so much timber from them and everybody from our businesses in Buffalo that are part of the supply chain back and forth.

00:38When there's a truck, there's vehicles that are built in Canada, but the parts are made in New York.

00:42So, we know how the synergy that's there that's now jeopardized all the way up to the north country where the supplies of timber comes over readily,

00:50and we count on that.

00:52So, the contingency means that we continue pressing the federal government to realize the damage that this is doing to the people who supported the president.

01:02Much of upstate supported the president.

01:04This is the people that will be hurt the hardest, especially in the north country.

01:07But also, yes, this is going to hurt our ability to build the volume we want to.

01:11If every unit goes up more because the cost of steel, aluminum, and lumber goes up,

01:16of course there's going to be a suppressant effect on our ability to build more housing.

01:19That is enormously frustrating.

01:21So, one of the reasons I'm doubling this credit from $15 million to $30 million gives us more play there,

01:27and we're going to continue investing in programs.

01:29But I as a state, nor can any state, make up for the damage that is being done by Trump tariffs.

01:35I'm not going to pretend we can.

01:37People are going to understand very clearly the impact that this is having on their everyday lives.

01:43I mean, the average family possibly paying upwards of $2,000 to $3,000 more for everything.

01:48And the war is just getting started.

01:50I had conversations with the premier of Ontario about this a couple days ago.

01:54I met him in Washington.

01:57It's a real shame that we've come to this, that we're at war with a country that we considered a close neighbor, a close ally.

02:06And beyond just the supplies, fewer Canadians are coming over.

02:11I mean, I was in Manhattan asking what occupancy is like in the hotels,

02:16and they said many Canadians are canceling reservations.

02:19Places like theaters in Buffalo are feeling the effect.

02:24Again, our border communities are feeling it head on, and that has to be spoken about and covered.

02:31And people need to understand what is driving this.

02:34It is the Trump tariffs.

New York Governor Hochul Asked If There Is A 'Contingency Plan' If Canada Tariffs Go 'Long-Term'

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