The article discusses the effects of President Trump's tariff and immigration policies on California's economy, noting an "elevated" level of uncertainty according to a new UCLA Anderson forecast. Recent tariffs, including a 25% charge on goods from Canada and Mexico, have sparked retaliation from both nations. The forecast emphasizes potential negative impacts on California’s economy, particularly through reduced employment among undocumented workers and repercussions for the technology sector, with expected unemployment rates remaining among the highest in the nation at 5.2% next year.
The uncertainty that is associated with any forecast is now very much elevated due to Trump's disruptive tariff and immigration policies.
Canadian and Mexican governments are preparing to impose retaliatory tariffs, amplifying the economic uncertainty in California and the broader U.S. economy.
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