Trump-Canada tariffs threaten NYC’s recovery as tourism and construction feel the pinch

Trump’s escalating Canada trade war threatens New York’s recovery by shrinking Canadian tourism (visitors down about 26% and spend down 14%), jeopardizing the city’s tourism-led economy. Tariffs—such as a 50% duty on $20 billion of Canadian goods—would raise costs for cement, building materials, and consumer goods, lifting prices on construction, restaurants and retailers and potentially delaying NYC’s forecast of about 66.3 million visitors this year unless a deal with Canada is reached.