San Francisco's Chinatown pushes for preservation amid decline in business

San Francisco's Chinatown confronts economic hardships as paused tariffs on Chinese goods threaten local businesses. Lucas Li, manager of Lion Trading, explains that the tariffs remain a significant concern for small businesses despite the temporary reprieve. Donald Luu, head of Chinatown's Chamber of Commerce, warns that a potential trade war with China could devastate the neighborhood's economy, which has endured challenges since the 1906 earthquake. International tourism has noticeably declined this summer, attributed to a strong U. S.

dollar and an unwelcoming perception for foreigners. Rising rents and out-migration have forced long-standing businesses to close, with Sam Wo Restaurant shutting down after its owner retired. Luu emphasizes the need for Chinatown to pivot towards cultural experiences rather than relying solely on souvenir shops. Newly introduced night markets may help, but they alone will not suffice to attract visitors. The community seeks to transform the Grant Street corridor into an arts and culture district to rejuvenate the area.