New York Governor Seeks Tariff Exemption for $1B Subway and Bus Purchases

This is a procurement story with a tariff overlay, not a crypto or RWA one, but it illustrates a broader tension worth noting: infrastructure budgets are increasingly exposed to trade policy, and transit agencies are lobbying for carve-outs rather than absorbing cost. The MTA's fleet replacement is large enough that tariff treatment materially changes what gets bought and when. Whether other transit systems seek similar exemptions, and whether the administration grants them, is the open question.