which trim?
There are transom trim as well as I/O so I am assuming the outdrive.
At that age I'm suspecting the switch on your throttle/shift lever. If you can raise the outdrive with your trailer switch the switch is gone.
If neither works, see if the trim has a circuit breaker, check that.
If that checks out check fluid level in the reservoir. If low top with power steering fluid.
If it is OK so far than have the local technician check it out.
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