California’s GDP Surpasses Japan’s at $4.1 Trillion, Trump Tariffs Threaten Growth: Governor Newsom Files Lawsuit

California’s GDP outpaced Japan’s in 2024, hitting $4.1 trillion, fueled by its booming tech sector and real estate market. Governor Newsom raised concerns about President Trump’s tariff strategies jeopardizing this economic advancement, prompting a legal battle contesting the tariffs’ validity. California and several states contend that these tariffs negatively impact local enterprises and citizens, a stance rebuffed by the White House. Governor Newsom’s warning sheds light on the potential repercussions of these policies on California’s economic prosperity.

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