The Trump administration’s wide-ranging tariffs will result in reduced incomes and a loss of jobs in nearly every industry in San Francisco, according to a new report by the San Francisco Office of Economic Analysis out today.

The hardest-hit sectors are anticipated to be business and professional services, followed by trade, transportation and construction.

As inflation picks up and tariffs drive the price of goods up, San Francisco residents’ disposable income could dwindle by an average of $5,600 per year.

“It’s not going to feel like anybody got a pay cut,” said Ted Egan, the city’s chief economist. “It’s just going to feel like things are more expensive.”

San Francisco and California will be better off than the rest of the country thanks to its status as a hub for technology m

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