Bruce Blakeman on Tariffs, Hochul, Mamdani, Immigration
By Bloomberg Television
Key Concepts
- Tariffs: Taxes imposed on imported or exported goods, discussed in relation to manufacturing jobs and trade imbalances.
- Supreme Court Ruling on Tariffs: The recent Supreme Court decision suggesting Congress, not the Executive Branch, should regulate tariffs.
- New York State Economy: Focus on affordability, over-taxation, over-regulation, and economic development challenges.
- Kathy Hochul’s Policies: Criticisms of the current Governor’s policies regarding taxes, energy costs, and economic development.
- New York City Fiscal Crisis & Bailout: Concerns about NYC’s financial situation and a recent state relief plan.
- Sanctuary State Policies: Opposition to New York’s status as a sanctuary state and support for collaboration with ICE.
- Immigration Policy: A nuanced view on immigration, advocating for both enforcement and a path to legality for long-term, law-abiding residents.
- Fiscal Management: Emphasis on efficient government spending and responsible fiscal policies.
Economic & Trade Policy Discussion
The discussion began with tariffs, framed as a tool to revitalize manufacturing jobs and address unfair trade practices. The speaker acknowledged the President’s focus on this issue but noted the recent Supreme Court decision. The ruling, as understood by the speaker, asserts that Congress, rather than the Executive Branch, holds the constitutional authority to set tariff rates. While the President retains the power to cease dealings with foreign entities, regulating trade through tariff amounts falls under Congressional purview. Despite this ruling, the speaker anticipates the President will pursue alternative legal authority to continue implementing tariffs, a process expected to take months involving investigations and further implementation steps.
New York State Affordability & Economic Challenges
The conversation shifted to New York State’s economic climate, specifically focusing on affordability. The speaker characterized New York as the “most overtaxed, overregulated state” in the US, citing its poor ranking in economic development. He stated that hundreds of thousands of jobs and residents have left the state, attributing this to policies under Governor Kathy Hochul. He proposed reducing energy bills by eliminating “silly mandates” and excessive fees, claiming New York’s energy costs are 50% higher than Pennsylvania’s due to the Governor’s policies. He emphasized the need for economic development, job creation, and lower energy costs.
Criticism of Governor Hochul’s Policies & NYC Bailout
The speaker strongly criticized Governor Hochul’s $1.5 billion relief plan for New York City, labeling it a “bailout” and suggesting it was a quid pro quo for Mayor Adams’ endorsement. He highlighted the city’s existing financial crisis, stating the Mayor himself acknowledges a “massive” debt. He drew a comparison to Florida’s smaller state budget, arguing New York’s policies are fundamentally flawed. He also criticized the state’s subway system, citing safety concerns, fare evasion (60% of riders don’t pay), and inefficiencies.
Fiscal Responsibility & Management Style
A central theme was the importance of responsible fiscal management. The speaker contrasted New York City’s financial struggles with his own experience managing Nassau County, where he secured seven bond upgrades without raising taxes and even canceled a $150 million tax hike. He advocated for managing government “like a business,” providing quality services at a cost-efficient price. He sharply criticized Mayor Adams’ lack of executive or business experience, stating he’s “in over his head.”
Immigration & Sanctuary State Policies
The speaker expressed strong opposition to New York’s sanctuary state status. He stated he would issue an executive order on his first day in office to end it, mirroring his actions in Nassau County. He criticized the allocation of billions of taxpayer dollars to recently arrived illegal immigrants, arguing those funds could be better used for schools, hospitals, taxes, and infrastructure. He detailed Nassau County’s collaboration with ICE, resulting in the removal of 2,000 illegal migrants with criminal records, contributing to the county being named the safest in America by U.S. News & World Report. However, he clarified that enforcement should focus on criminals, excluding raids on sensitive locations like schools and hospitals.
He also presented a more nuanced view on long-term undocumented immigrants, acknowledging their contributions to the economy (hospitality, landscaping, farming) and advocating for a “path to legality” for those who are law-abiding and employed. He emphasized the need for a “comprehensive immigration policy” that balances enforcement with compassion and economic realities.
Collaboration with Mayor Adams & Future Relationship
Regarding a potential working relationship with Mayor Adams, the speaker stated it would depend on the Mayor’s commitment to enforcing the law and ensuring public safety. He pledged to support the Mayor in these areas but vowed to intervene if the Mayor’s policies harmed the city’s economy or compromised safety. He emphasized the importance of New York City’s economy to the state and his determination to prevent its decline.
Nancy Reagan & Political Loyalty
Concluding the interview, the speaker shared a personal anecdote about his time as a driver for Nancy Reagan. He highlighted her unwavering loyalty to President Reagan and her protective nature, emphasizing the importance of a strong partnership in politics. He stated that her devotion to President Reagan’s success was a lesson he would always remember.
Data & Statistics Mentioned
- Energy Costs: New York’s energy costs are 50% higher than Pennsylvania’s.
- Subway Fare Evasion: 60% of subway riders do not pay their fares.
- Nassau County Bond Upgrades: Seven bond upgrades in the last three years.
- Nassau County ICE Removals: 2,000 illegal migrants with criminal records removed in one year.
- Florida State Budget: Smaller than New York City’s budget.
- Tax Hike Cancellation: $150 million tax hike canceled in Nassau County.
Logical Connections
The conversation flowed logically from broad economic issues (tariffs) to specific state and city-level concerns (New York’s economy, NYC’s fiscal crisis). The discussion of immigration policy built upon the earlier themes of fiscal responsibility and public safety. The concluding anecdote about Nancy Reagan served as a personal reflection on the importance of loyalty and partnership in politics, tying back to the earlier discussion of potential collaboration with Mayor Adams.
Synthesis/Conclusion
The speaker presented a critical assessment of New York State’s economic and political landscape, advocating for lower taxes, reduced regulation, responsible fiscal management, and stricter immigration enforcement. He positioned himself as a pragmatic leader focused on economic development, public safety, and efficient government. While advocating for strong enforcement of immigration laws, he also demonstrated a nuanced understanding of the issue, acknowledging the contributions of long-term undocumented residents and supporting a path to legality. His overarching message was one of decisive action and a commitment to restoring New York’s economic prosperity and ensuring the safety of its citizens.
Chat with this Video
AI-PoweredLoad the transcript when you're ready to chat so the initial page stays lighter.
Related Videos

Squawk Pod: Comcast’s next spinoff & the U.S. Men’s National Team - 06/29/26 | Audio Only
CNBC Television

The Supreme Court clears the way for mass deportations | Planet America
ABC News In-depth

The Close for Friday, June 26, 2026
BNN Bloomberg

'I will expect they will say on Wednesday they will continue to negotiate': Fagan on CUSMA
BNN Bloomberg

The Street for Monday, June 29, 2026
BNN Bloomberg

'Things are going to be okay, in Canada and the U.S.': Thorne
BNN Bloomberg

The Open for Monday, June 29, 2026
BNN Bloomberg