California, reaching 4.1 trillion dollars GDP, has become the fourth largest economy in the world. The Governor of the State claims that Trump's policies are harmful to the state, while President Trump offers a legal struggle against customs tariffs.
The US California state has become the fourth largest economy in the world after the new tariff of President Donald Trump. Gavin Newsom Governor reported that California officially left Japan with the newly announced data of the US Economic Analysis (IMF) and the US Economic Analysis Department (IMF). According to the 2024 World Economic Performance Data and BEA data, California's GDP reaches 4.1 trillion dollars. Kalifornia, who left Japan with 4.02 trillion dollars, participated in the global rankings after the United States, China and Germany. On the other hand, California's economy is growing faster than the three largest economies in the world. Last year, it left behind the three largest economies with a growth rate of 6 %. “California does not move at the same speed as the world, but also determines the speed,” Newsom said.
It accounts for 14 percent of the United States
However, Newsom emphasized that the Trump administration's tariff policies are described as a reckless way of seriously threatening the California economy. The Governor, these practices, especially technology, production and agriculture, as important areas, he said. GDP with high power from Silicon Valley and the contribution of the major financial sector.
Last week, Newsom filed a lawsuit against Trump's extraordinary power for comprehensive global tax rates that were carried out unilaterally. On the other hand, he filed a lawsuit against the Trump administration by supporting the twelve countries of this legal struggle initiated by California. In the case, it is declared that Americans have imposed illegal tax increase through customs duties.