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, infrastructure, and trade operations. The agency must examine impacts on economic output, employment, consumer costs, tax revenues, and infrastructure funding at California's seaports, airports, and land ports of entry.

The Transportation Agency will partner with the Department of Finance and Governor's Office of Business and Economic Development to assess both direct tariff effects and reciprocal trade barriers. The study must evaluate sector-specific impacts on manufacturing and agriculture, while modeling various tariff scenarios to inform future policy decisions. The California Freight Advisory Committee will help shape the study's scope within three months of initiation.

The bill allocates $500,000 from the General Fund across the three participating agencies, with $300,000 to Transportation, $150,000 to Finance, and $50,000 to Business and Economic Development. The agencies must submit their findings to the Legislature by January 1, 2026. As an urgency measure, the bill would take effect immediately upon enactment, with the study provisions set to expire on January 1, 2030.