In January 2025, U.S. immigration enforcement expanded sharply and moved from the border to the interior. This paper estimates the economic spillovers of this new enforcement regime in targeted metropolitan areas using 5,388 geocoded ICE raids combined with foot-traffic and spending data for 5.4 million points-of-interest (Advan + SafeGraph) over January 2024–February 2026. Foot traffic falls 2.73% and spending falls 6.18% per POI per week in targeted metros relative to controls — equivalent to roughly 8.1 billion fewer visits and $3–14 billion in foregone spending in the first year. The decline is demographically indiscriminate: it occurs regardless of whether visitors live in or POIs are located in high foreign-born or Hispanic neighborhoods. Workplace foot traffic falls more than consumer-facing foot traffic (4.87% vs. 2.50%), 17 of 21 consumer industries decline significantly, and independent stores are hit much harder than chains. There is no substitution to online shopping. The findings suggest that interior enforcement is both a supply-side and a demand-side shock that affects the entire local economy, not just the immigrant or Hispanic population.