Standing in his Midtown office, Senate Minority Leader Chuck Schumer vowed he’ll continue urging President Donald Trump to rethink upcoming tariffs on some of America’s biggest trade partners.

Schumer said Americans, especially New Yorkers, will pay the price.

“A staggering 260,000 jobs are under threat unless Donald Trump backs off,” he said, said according to analysis from his office in the New York City metro area.

“I had an amendment on the floor of the senate last week, late last week. That said, if there’s any increase in the price of consumer goods, the tariffs should be undone. Unfortunately, no Republican voted for it. They’re all afraid of Trump,” he continued.

The tariff turmoil continued with a Monday market meltdown.

The day started with a deep dip for U.S. stocks, and while false hope of temporary tariff relief sent stocks higher midday, the Dow and S&P closed lower as Trump set the record straight, saying when it comes to a potential 90 day pause on upcoming tariffs, “We’re not looking at that.”

Instead, the president is looking to increase tariffs on China by another 50% if China doesn’t drop its retaliatory tariffs. Trump insisted from the White House Monday afternoon that Americans are benefiting from his economic policies.

“Standard groceries, standard things were going through the roof. They couldn’t live and now those prices are coming down,” he said. “Energy is down and interest rates are down, everything is down.”

As head of the Manhattan Chamber of Commerce, Jessica Walker’s phone hasn’t stopped ringing with phone calls from concerned business owners

“We really do think that is most impacted in New York City. It’s going to be our restaurants and our retail shops. They, of course, are very reliant on different items that are imported from overseas,” she told NY1.