{"id":49774,"date":"2025-07-08T22:05:08","date_gmt":"2025-07-08T22:05:08","guid":{"rendered":"https:\/\/www.europesays.com\/us\/49774\/"},"modified":"2025-07-08T22:05:08","modified_gmt":"2025-07-08T22:05:08","slug":"l-a-business-leaders-frustrated-by-tariffs-immigration-raids","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/49774\/","title":{"rendered":"L.A. business leaders frustrated by tariffs, immigration raids"},"content":{"rendered":"\n<p>When more than a dozen business leaders gathered in downtown Los Angeles on Tuesday, many were talking about the closure of a treasured local spot. <\/p>\n<p><a class=\"link\" href=\"https:\/\/www.latimes.com\/food\/story\/2025-07-07\/coles-french-dip-permanent-closure-early-august\" rel=\"nofollow noopener\" target=\"_blank\">Cole\u2019s French Dip<\/a>, a restaurant that has been serving the downtown area for more than 100 years, announced Monday that it would be permanently closing its doors. <\/p>\n<p>\u201cYou can\u2019t name tariffs as the sole reason\u201d for the closure but it\u2019s one of them, said Nella McOsker, the president and chief executive of Central City Assn. of Los Angeles.<\/p>\n<p>McOsker was one of several participants in a roundtable hosted by California Atty. Gen. Rob Bonta to discuss the impacts of tariffs on industries across the state. <\/p>\n<p>If California were a country, its economy would be the <a class=\"link\" href=\"https:\/\/www.latimes.com\/california\/story\/2025-04-24\/californias-economy-overtakes-japan-to-become-4th-largest-in-world\" rel=\"nofollow noopener\" target=\"_blank\">fourth-largest in the world<\/a>. The state is the nation\u2019s largest importer and second-largest exporter. <\/p>\n<p>\u201cBecause we have such an outsized economy, the impacts of the tariffs are outsized on us as well,\u201d Bonta said.<\/p>\n<p>When speaking with reporters after the discussion, Bonta said the picture the business leaders painted was \u201cdevastating.\u201d The \u201cunpredictability and uncertainty that the tariffs have created\u201d were a key component of the conversation, he said. <\/p>\n<p>Business leaders are unable to make deals, to \u201cbudget long term, to invest or expand or have capital expenditures,\u201d he added. <\/p>\n<p>One of those to voice frustration was Jason Hodge, commissioner of the Port of Hueneme, who said the ripple effects of the Trump administration\u2019s trade policy are \u201cfrightening.\u201d<\/p>\n<p>\u201cUncertainty is what\u2019s killing all of us more than anything else,\u201d Hodge said. \u201cWe\u2019re seeing [it] trickle down to not just the trucking agencies who are being squeezed, so they\u2019re having to outsource local jobs; we\u2019re seeing it with our shipping customers and partners, because they\u2019re not looking to invest in facilities right now when there\u2019s so much uncertainty in the market.\u201d<\/p>\n<p>California <a class=\"link\" href=\"https:\/\/www.latimes.com\/california\/story\/2025-04-16\/newsom-announces-lawsuit-against-trump-over-tariffs\" rel=\"nofollow noopener\" target=\"_blank\">filed a lawsuit<\/a> in April contesting President Trump\u2019s executive authority to enact international tariffs without congressional support. The suit marked the first challenge from any state against Trump\u2019s trade policy. <\/p>\n<p>\u201cWe\u2019re going to continue to fight for California\u2019s businesses, for our business community, for our small businesses, our large businesses who deserve better than the devastating impacts and uncertainty, unpredictability of these tariffs,\u201d Bonta told reporters. <\/p>\n<p>Many local leaders also said the recent spate of Immigration and Customs Enforcement raids in Los Angeles and the surrounding areas have had negative consequences for their businesses and industries at large. <\/p>\n<p>Carlos Singer, chief of policy at the L.A. Area Chamber of Commerce, described the current economic and political climate as \u201ca period of really intense flux, both here locally and certainly out of D.C.\u201d <\/p>\n<p>\u201cThe uncertainty, whether it\u2019s on global trade volatility or on the ICE enforcement actions, it\u2019s wild, and it\u2019s deeply unsettling at an emotional, community, education, healthcare and, certainly, at a business level,\u201d he said. \u201cNow is the time to marshal whatever evidence we can to make it clear to this administration and to anyone else who will listen that this is not good for business. This is not good for America.\u201d<\/p>\n<p>The Trump administration has said foreign trade and economic practices have created a \u201cnational emergency\u201d because of the trade deficit. President Trump maintains that the imposition of tariffs will \u201cstrengthen the international economic position\u201d of the United States and protect American workers.<\/p>\n<p>Bonta said business leaders should be able to rely on the federal government for support. <\/p>\n<p>\u201cIt\u2019s disappointing,\u201d he said. \u201cBut unfortunately, it\u2019s what we kind of expect from this federal government.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"When more than a dozen business leaders gathered in downtown Los Angeles on Tuesday, many were talking about&hellip;\n","protected":false},"author":3,"featured_media":49775,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5123],"tags":[23869,37717,1582,276,13945,37715,1730,3195,37716,2961,224,2444,5337,5207,290,75,37718,4352,36780],"class_list":{"0":"post-49774","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-los-angeles","8":"tag-atty","9":"tag-bonta","10":"tag-ca","11":"tag-california","12":"tag-chief-executive","13":"tag-gen-rob-bonta","14":"tag-impact","15":"tag-industry","16":"tag-l-a-business-leader","17":"tag-la","18":"tag-los-angeles","19":"tag-los-angeles-times","20":"tag-losangeles","21":"tag-president","22":"tag-state","23":"tag-tariff","24":"tag-trade-policy-effect","25":"tag-trump-administration","26":"tag-uncertainty"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114819886548663271","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/49774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=49774"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/49774\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/49775"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=49774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=49774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=49774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}