Gov. Kathy Hochul (D) is calling on the Trump administration to refund approximately $13.5 billion to New York residents after the Supreme Court ruled last week that the bulk of President Trump’s tariffs are unconstitutional.
“These senseless and illegal tariffs were just a tax on New York consumers, small businesses and farmers — and that’s why I’m demanding a full refund,” Hochul, who is up for reelection this year, said in a statement Tuesday.
“I’ll never stop fighting for New Yorkers, and that means staying focused on putting more money back in your pockets — not ripping it away,” she added.
Her office cited Yale Budget Lab estimates that the average New York household shouldered an additional $1,751 in added costs as a result of the tariffs, totaling $13.5 billion for the state.
The Supreme Court, in a 6-3 decision Friday, delivered a blistering ruling against the Trump administration, rejecting the president’s expanded use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs on nearly every country.