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NY governor calls for $13.5B in tariff refunds

Governor Hochul demands refunds for $13.5 billion in tariffs that increased costs by $1,751 per New York household, impacting small businesses and farmers statewide.

  • Following the Supreme Court's decision, Hochul called on the Trump administration to refund $13.5 billion to New Yorkers.
  • Amid rising costs, Hochul proposed $30 million in farmer relief during her 2026 State of the State address, citing tariffs that raised household costs by $1,751.
  • Farms and small businesses face higher input costs, with some New York farms reporting up to $20,000 in fertilizer and equipment expenses, and Hochul's plan would deliver payments to specialty crop growers, livestock producers and dairy farmers.
  • On Wednesday, the Supreme Court ruled the president lacks authority to impose tariffs, and U.S. federal courts must weigh in on refund procedures, top Trump officials said.
  • Hochul, a Democrat up for reelection this year, called on the Trump administration to issue a $13.5 billion tariff refund after the Supreme Court struck down tariffs, citing limits under the 1977 IEEPA.
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Reuters broke the news in United Kingdom on Tuesday, February 24, 2026.
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