New Yorkers could soon pay thousands more thanks to a major policy shift. Experts warn this will hit your wallet faster than you think.

President Trump's sweeping tariffs went into effect this week, and New York officials say it's going to hurt your bank account.

Impacts Of Trump's Tariffs On New Yorkers loading...

Officials say import taxes will reach levels not seen in the country in almost 100 years, with over 60 countries and the European Union facing rates of 15 percent or more. A wide variety of products are impacted, ranging from appliances, cars, food, and furniture.

In a post on Truth Social shortly after the changes took effect, Trump stated that billions of dollars are "now flowing" into the U.S.

Gov. Hochul Highlights Expected Price Hikes For New Yorkers loading...

Gove

See Full Page