Your current location is:{Current column} >>Text
Trump pressures New York to cancel congestion fees.
{Current column}822People have watched
IntroductionOn February 8th local time, President Trump, in an exclusive interview with the New York Post, state ...

On February 8th local time, President Trump, in an exclusive interview with the New York Post, stated that he is pushing for a plan to cut funding through the Federal Department of Transportation to force the New York State government to cancel Manhattan's upcoming congestion charge policy. This statement has immediately attracted widespread attention and may impact New York's transportation construction funding.
Reducing federal funds to pressure the New York State government
According to reports, the Trump administration plans to take two key measures to pressure New York State: first, by withholding some federal transportation funds, and second, by re-examining the congestion charge environmental assessment process approved by the Biden administration. The New York State government originally planned to start charging congestion fees for vehicles entering Manhattan's core area from 2024 to alleviate traffic congestion, improve air quality, and provide funding support for the public transportation system.
However, Trump strongly opposes this, stating: "The congestion charge will have a devastating impact on New York City, and people will be unwilling to come to New York." He believes that by cutting federal funds, the New York State government can be forced to reconsider this charging policy. According to reports, New York State was initially scheduled to receive a total of $36 billion in federal transportation funds over the next five years, continuing until the end of 2026, and Trump's plan may result in some of these funds being reduced.
Trump also stated that he is still willing to negotiate with New York Governor Kathy Hochul on canceling the congestion fee and hopes to reach an agreement. He emphasized that if the congestion fee policy continues to be implemented, New York's business environment might be affected.
Trump vows to adjust New York City planning
In addition to the congestion charge issue, Trump stated in the interview that he plans to adjust urban planning in New York City. He vowed to reduce bike lanes and pedestrian paths on streets and strengthen control over immigrant crime to restore urban order. He claimed that the expansion of these infrastructures has impacted New York's normal traffic and believes that the current immigration policy has exacerbated urban security issues.
Trump's series of statements have elicited strong reactions from the outside world. Supporters believe that canceling the congestion fee will help restore New York's commercial attractiveness, while critics argue that Trump's approach may harm New York City's transportation improvement plans, especially the long-term funding support for the public transportation system.
Currently, the New York State government has not officially responded, but it is predictable that the contention over the congestion fee will continue, and whether Trump's pressure strategy will be effective remains to be seen.


The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
Tags:
Related articles
U.S. September CPI beats expectations, may impact Fed policy.
{Current column}According to the latest data from the U.S. Department of Labor, the Consumer Price Index (CPI) rose ...
Read moreMidas raised $45 million in Series A funding.
{Current column}Midas Secures Significant FundingThe Istanbul-based startup brokerage firm Midas has secured $45 mil ...
Read moreThe Seven Key Economic Data Traders Need to Pay Attention To
{Current column}As a trader, it's essential not only to master basic skills such as technical analysis and risk ...
Read more
Popular Articles
- Trump has secured 270 votes, clinching the victory.
- Hedge funds' record sell
- 【AvaTrade Financial Highlights】Tesla Intraday: Turns Upward 2024
- The U.S. military deploys upgrades in response to the Middle East situation.
- August 5th Gold Personal Subjective Analysis:
- Crest Nicholson cuts annual profit forecast, British real estate stocks plummet
Latest articles
-
U.S. election and China policy shifts spur copper price fluctuations.
-
ARM Holdings plans to go public in September, targeting a market value of over $60 billion.
-
BOJ under pressure to hike rates amid divergent market and analyst forecasts.
-
Do not deposit funds! Genius Fx TradeLtd, under suspicion for regulatory violations through misleadi
-
CrypticBitFx informed me I need to pay a “withdrawal processing fee”
-
The UK's largest defense company, BAE, raises its annual profit forecast.