Governor Hochul sends letter calling on US Treasury Dept to Immediately Refund USD 13.5bln in tariff payments to New Yorkers

Governor Hochul's call for the immediate refund of $13.5 billion in tariff payments suggests significant political pushback against existing trade policies, which could impact how markets perceive U.S. trade relations. This move may influence commodity prices and forex dynamics, especially if it signals shifting sensitivities toward tariffs and trade costs, potentially leading to market volatility in related sectors.