Trump Tariffs to Add $1B to Cost of New Trains and Buses in NYC: MTA
MTA officials report that new federal tariffs could increase the cost of purchasing new trains and buses by $1 billion by the end of the decade. The costs are driven by tariffs on essential components like electronics, wheels, and axles.
MTA officials warned Wednesday that “high and unpredictable” tariffs brought on by the Trump administration could jack up the cost of new trains and buses by $1 billion by the end of this decade. The hit on the thousands of components used to build trains and buses — including electronics, wheels, axles and vehicle frame […]
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