Joe Connolly discusses the potential negative impacts of tariffs on services with Kathy Wylde, president of the Partnership for New York City. Wylde explains that tariffs could severely affect New York's service sectors, including financial, technology, legal, and professional services. Additionally, cuts in federal funding may lead to rises in state and city taxes, potentially jeopardizing jobs. Despite these challenges, Wylde notes that New York City's economy remains strong with ongoing job creation and population growth. The situation may become clearer after the 90-day tariff suspensions end and Congress makes decisions on tax cuts.
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