Trump's Policies Are Costing New Yorkers Thousands and Risking Jobs

Trump's tariffs and cuts threaten NY's economy, jobs, and families. Hochul leads the fight to protect vital services and resilience.

Trump's policies are costing New Yorkers thousands and risking jobs FactArrow

Published: April 29, 2025

Written by Ava O'Carroll

A State Under Siege

New Yorkers woke to a harsh reality this spring. In just 100 days, President Trump’s renewed tenure has unleashed a storm of economic disruption, with tariffs and federal cuts slicing through the state’s prosperity like a bitter wind. Governor Kathy Hochul, standing firm in Albany, has sounded the alarm: these policies aren’t just numbers on a ledger; they’re a direct assault on working families, small businesses, and the very services that hold communities together. The cost? A staggering $7 billion in economic losses, 280,000 jobs at risk, and an average of $6,400 in added expenses for every household. This is no abstract policy debate; it’s a crisis hitting home.

Hochul’s warnings carry weight because they’re grounded in action. New York has joined a multi-state lawsuit challenging the constitutionality of Trump’s global tariffs, which have spiked prices and choked supply chains. The state’s legal victories against funding freezes for agencies like the National Institutes of Health and the Federal Emergency Management Agency show a resolve to fight back. Yet, the damage is already palpable. From shuttered Social Security offices to paused wind energy projects, the ripple effects of these policies are reshaping daily life. New York, a beacon of resilience, now faces a test of its endurance.

The human toll is impossible to ignore. In Sackets Harbor, a mother and her children were detained by Immigration and Customs Enforcement, torn from their community until Hochul’s intervention brought them home. This is the face of Trump’s agenda: not just economic upheaval but a disregard for the dignity of ordinary people. Advocates for working families argue that these policies prioritize corporate interests and political posturing over the needs of those scraping by. The question looms: how much more can New Yorkers endure?

This isn’t about partisan scorekeeping. It’s about the tangible harm of policies that destabilize a state known for its economic might and social compassion. Hochul’s leadership, rooted in protecting New Yorkers from federal overreach, offers a path forward. But the fight is far from over, and the stakes couldn’t be higher.

The Tariff Trap: Economic Fallout Hits Hard

Trump’s tariffs, sold as a shield for American workers, have instead become a wrecking ball. Independent estimates paint a grim picture: a 2.3% rise in consumer prices, with apparel costs soaring 17%. For New Yorkers, this translates to $3,800 in annual losses per household, with low-income families hit hardest, losing $1,700. Small businesses, like Alcoa in the North Country, face $20 million in import costs, while the Cortland Standard, a century-old newspaper, closed its doors, citing tariffs on paper. These aren’t isolated incidents; they’re a pattern of economic strangulation.

The stock market’s 8% plunge since January, the worst in decades for a president’s opening 100 days, has shrunk 401(k)s and college savings plans. Consumer confidence, once steady at 71.7%, plummeted to 50.8% by April. Manufacturers and retailers, battered by unpredictable trade policies, are canceling orders or leaving shipments stranded in customs. In the Southern Tier and Western New York, tourism from Canada, a vital economic driver, has cratered, with bridge crossings down 19% at Thousand Islands. Local businesses report a 66% drop in Canadian bookings, forcing layoffs and slashed hours.

Supporters of these tariffs, often tied to Trump’s inner circle, claim they’ll generate $5.2 trillion in federal revenue over a decade, easing national debt. But this argument crumbles under scrutiny. Economic models, even from conservative think tanks, admit tariffs reduce GDP, cut wages, and stifle investment. New York’s export-heavy economy, a hub for finance and trade, can’t afford this gamble. The state’s $1.25 billion Manufacturers Extension Partnership, which bolstered 6,300 jobs, now faces cancellation, threatening a network that small businesses rely on. The promise of fiscal relief feels hollow when families are paying thousands more to survive.

Slashing the Safety Net: A Betrayal of Vulnerable New Yorkers

Beyond tariffs, Trump’s budget cuts are carving away at New York’s social fabric. Over $1.3 billion in federal funding for state programs has vanished, with more cuts looming. Medicaid, covering 7 million New Yorkers, including 2.5 million children, faces a $1 trillion reduction over a decade. SNAP, feeding 2.9 million residents, is also on the chopping block. These aren’t just programs; they’re lifelines for families choosing between groceries and rent. The loss of $500 million in food bank funding means 16 million pounds less food for New York’s hungry in 2025.

Education, a cornerstone of opportunity, is under siege. The Department of Education, which funnels $5.5 billion annually to New York for Pell Grants, disability programs, and mental health support, is targeted for elimination. Health research at SUNY, vital for breakthroughs like Alzheimer’s treatments, has lost $79 million, stalling progress and jobs. Meanwhile, the closure of three Social Security offices and the gutting of heating assistance programs leave seniors and low-income households in the cold. These cuts aren’t about efficiency; they’re a deliberate dismantling of systems that uplift the vulnerable.

Those defending these reductions, often aligned with fiscal hawks in Congress, argue they curb government overreach and promote self-reliance. Yet, the data tells a different story: a projected loss of 1 million jobs nationwide, $113 billion in state GDP, and $8.8 billion in tax revenue. In New York, 1,200 federal workers have already filed for unemployment. The irony is stark: policies billed as pro-worker are crushing the very communities they claim to champion. Hochul’s lawsuits and advocacy aim to stem this tide, but the federal assault on New York’s safety net demands a louder response.

A Call to Resist and Rebuild

New York stands at a crossroads. Trump’s policies threaten to unravel decades of progress, from clean energy to equitable health care. The pause of Empire Wind, which promised power for 500,000 homes, and the rollback of housing vouchers for 9,500 families signal a retreat from a sustainable, inclusive future. Yet, Hochul’s defiance, backed by legal victories and grassroots support, offers hope. Her commitment to shielding New Yorkers from federal overreach resonates with those who see the state as a bulwark against chaos.

The path forward lies in collective action. New Yorkers, from farmers facing tariff-driven losses to families grappling with rising costs, deserve policies that prioritize their well-being. Hochul’s leadership, paired with the state’s legacy of resilience, can turn this crisis into a rallying cry. By rejecting tariffs that burden the poor, restoring funds for health and education, and rebuilding infrastructure, New York can chart a course toward stability and justice. The fight isn’t just for today; it’s for a future where no one is left behind.