International trade: tariffs: impact study.

Senator Gonzalez's international trade impact study legislation directs the California Transportation Agency to analyze how potential tariff increases could affect the state's economy and infrastructure. The Transportation Agency, working with the Department of Finance and Governor's Office of Business and Economic Development, must examine impacts on economic output, employment, consumer costs, tax revenues, and transportation facility funding.

The study will assess how tariff changes could affect operations at California's seaports, cargo airports, and land ports of entry. Within its first quarter, the Transportation Agency must convene the California Freight Advisory Committee to shape the study's scope. The analysis will include sector-specific examinations of manufacturing and agriculture, considering both U.S.-imposed import tariffs and reciprocal tariffs from trading partners.

The bill allocates $500,000 from the General Fund, with $300,000 to the Transportation Agency, $150,000 to the Department of Finance, and $50,000 to the Governor's Office of Business and Economic Development. The agencies must submit their findings to the Legislature by January 1, 2026. The study requirements expire on January 1, 2030, unless extended by future legislation.