DATE:
January 28, 2025
15
TO:
Board of Supervisors
SUBJECT
Title
PRESENTATION ON THE IMPACT OF POTENTIAL TARIFFS (DISTRICTS: ALL)
Body
OVERVIEW
On December 10, 2024 (38), the Board of Supervisors (Board) approved to accept the Fiscal Year 2024-25 first quarter report on projected year-end results and the accompanying actions needed for the County of San Diego budget. In addition to these actions, the Board requested staff return in January 2025 with a presentation on the possible impacts future tariffs may have on the San Diego region. Today's action is to receive this presentation.
RECOMMENDATION(S)
CHIEF ADMINISTRATIVE OFFICER
Receive the presentation on the impact of potential tariffs.
EQUITY IMPACT STATEMENT
The proposed presentation on tariffs and their impact on the San Diego region will provide residents with information on what a tariff is and how nations use tariffs to protect industries. Ongoing communication with the community and being open about how tariffs may impact County residents and businesses as well as any responding County programs or policies will be crucial to make sure any policies or actions from this presentation are fair for everyone.
SUSTAINABILITY IMPACT STATEMENT
The presentation on potential tariffs and their impact on the San Diego region presents both opportunities and challenges from a sustainability perspective. Potential opportunities include incentivizing local production, diversifying supply chains, and driving innovations in sustainable procurement. However, tariffs may also increase costs for essential goods and services, which may disproportionately impact vulnerable communities. By exploring the sustainability implications of trade policies, the presentation can inform decision-making and support the development of strategies that promote economic resilience, environmental stewardship, and social equity.
FISCAL IMPACT
There is no fiscal impact associated with receiving the presentation. There will be no ...
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