Statement from NYC Comptroller Lander on Trump Tariff Retreat

New York, NY—New York City Comptroller Brad Lander released the following statement: 

“Just days after announcing arbitrary worldwide tariffs, Trump’s reversal is yet another example of the constant chaos he is imposing on all of us.    

“Tariffs would be a bad deal for everyday New Yorkers, whose bottom lines are vulnerable to the fallout of a prolonged trade war. Trump’s obsession with head-in-the-sand, jingoistic trade policies hammers tourism, professional services, and other service-based job sectors that drive New York City’s economy as a global trade hub.  

“New York City’s pension systems are invested broadly, for the long term, and on solid ground to meet all our obligations to our city’s retired teachers, cops, firefighters, and all municipal workers. Still, despite our prudence, this level of uncertainty is bad for markets, bad for the economy, bad for investors, and bad for New York City. 

“Americans have had enough of Trump’s half-baked tariff dance; our city, country, and worldwide economy should not have to endure another rollercoaster.” 

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