Governor Hochul Announces Trump Administration to Begin $13.5 Billion Tariff Refunds to NY Businesses
Summary
Governor Kathy Hochul announced that the Trump Administration will begin paying back businesses for tariffs deemed illegal by the Supreme Court. New York businesses can submit documentation to reclaim money paid under the tariff scheme. The refund amount totals over $166 billion nationally, with $13.5 billion allocated to New York. Governor Hochul stated the Administration still owes New York families approximately $1,700 each and that the state will continue litigation to recover that amount.
What changed
Governor Hochul announced that New York businesses can now submit documentation to the Trump Administration to reclaim money paid under tariffs that the Supreme Court ruled illegal. The Administration will refund over $166 billion collected nationally, including $13.5 billion from New York businesses. Governor Hochul framed the refunds as a first step but noted the refunds are occurring because the Supreme Court mandated them, not voluntarily.
For affected parties, this announcement signals that businesses that paid these tariffs should gather documentation proving their payment amounts to submit for refunds. Governor Hochul separately noted that individual New York families, estimated to have paid $1,700 on average, are not yet eligible for refunds through this mechanism, and the state continues to pursue that recovery through litigation.
Archived snapshot
Apr 21, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Tariffs Media April 20, 2026 Albany, NY
Video, Audio, Photos & Rush Transcript: Governor Hochul Announces the Trump Administration Will Begin Paying Back Businesses Impacted by Illegal Tariffs
Video, Audio, Photos & Rush Transcript: Governor Hochul Announces the Trump Administration Will Begin Paying Back Businesses Impacted by Illegal Tariffs Governor Hochul: “Those tariffs were nothing more than attacks on the American people, the American people who are begging for relief from the cost of inflation, the cost of gasoline going up now, and then they had to deal with the effects of the Trump Administration imposed tariffs that made everything cost higher. So starting today, businesses can begin submitting documentation, reclaim the money they paid, and that's an important first step. But remember, every day New Yorkers also paid the price.”
Hochul: “And this day when they're talking about relief for the businesses, that is all good, it never should have happened. It wouldn't have happened if it wasn't for the Supreme Court mandating this. This is not done voluntarily by the Trump Administration, but they still owe New York families $1,700. They deserve their money back, and we're going to continue fighting for that, and we're in court to secure that as well.”
Earlier today, Governor Kathy Hochul announced that, starting today, the Trump Administration will begin paying back the $13.5 billion that was imposed on businesses due to tariffs. Businesses will be able to submit documentation proving that they were negatively impacted by these tariffs that were deemed illegal by the Supreme Court.
VIDEO: The event is available to stream on YouTube here and TV quality video is available here (h.264, mp4).
AUDIO: The Governor's remarks are available in audio form here.
PHOTOS: The Governor's Flickr page will post photos of the event here.
A rush transcript of the Governor's remarks is available below:
Before I get started taking questions, I want to shine a spotlight on another issue. Starting today, the Trump Administration will start paying back businesses the money that they illegally took from them under a tariff scheme that the Supreme Court has struck down. They're going to be paying back more than $166 billion they collected in illegal tariffs. I would say this, we've said all along from the beginning, the Trump tariffs were illegal, but they had to continue until the Supreme Court said no, they never should have been in place from the very beginning.
Those tariffs were nothing more than attacks on the American people, the American people who are begging for relief from the cost of inflation, the cost of gasoline going up now, and then they had to deal with the effects of the Trump Administration imposed tariffs that made everything cost higher. So starting today, businesses can begin submitting documentation, reclaim the money they paid, and that's an important first step. But remember, everyday New Yorkers also paid the price. It's not just a business that can show on a ledger that they paid this tariff to this entity. $13.5 billion is the additional cost that has been imposed on New Yorkers alone because of the Trump tariffs, and that's about $1,700 per the average family.
So I'm not going to stop fighting for those families to get relief. Everyday New Yorkers, farmers and families, like I said, buying groceries, going about their lives, are paying more because of an illegal tariff scheme. And so I'm going to continue. And this day when they're talking about relief for the businesses, that is all good, it never should have happened. It wouldn't have happened if it wasn't for the Supreme Court mandating this. This is not done voluntarily by the Trump Administration, but they still owe New York families $1,700. They deserve their money back, and we're going to continue fighting for that, and we're in court to secure that as well. So I just wanted to put that out there today.
Contact the Governor’s Press Office
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