CA Attorney General Rob Bonta hosted business leaders for a roundtable conversation to discuss the impacts of President Trump’s illegal and chaotic tariffs across industries in California. The roundtable in Los Angeles follows California’s lawsuit against the Trump Administration over its use of the International Emergency Economic Powers Act of 1977 to illegally impose tariffs, and included leaders from the trucking and shipping industries, ports, and small businesses and business chambers. President Trump’s erratic tariffs are wreaking havoc on the U.S. financial system and causing uniquely immense harm to California’s economy, which as the fourth largest economy in the world, remains a major driver of our national economy. The tariffs challenged under California’s current lawsuit are projected to shrink the U.S. economy by $178 billion, cost California consumers $25 billion, and result in the loss of over 64,000 jobs throughout California. “President Trump’s destructive and unpredictable tariff regime has sent shockwaves through financial markets, businesses, and consumers in every corner of the globe — and especially here in California, home to the fourth largest economy in the world. Today, I heard from leaders on the front lines concerned about the disastrous impact of tariffs on their industries and businesses. These folks are sounding the alarm — and I sincerely thank Los Angeles business and industry leaders for being open about the challenges Angelinos are facing on the ground. As the People’s Attorney, I will continue to fight for California’s vibrant economy, businesses, workers, and families." – AG Bonta