MTA says Trump's tariffs added $1B to cost of NYC's new train cars, buses
The MTA reports that new tariffs implemented by the Trump administration have increased the cost of purchasing new subway cars and buses by $1 billion.
The cost to buy new subway cars has skyrocketed since President Donald Trump returned to office, according to the MTA. New York's train cars and buses are manufactured in the United States, but they rely on loads of components manufactured all over the world.
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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.