California Surpasses Japan as World's 4th Largest Economy, But Trump's Tariffs Pose a Threat

California Governor Gavin Newsom announced that California's GDP reached $4.1 trillion in 2024, surpassing Japan to become the world's fourth-largest economy. This achievement is driven by the thriving technology sector in Silicon Valley, along with its robust real estate and finance industries. However, Newsom also warned that President Trump's tariff policies pose a significant threat to California's economy, disrupting supply chains, inflating costs, and inflicting billions of dollars in damage. California has filed a lawsuit arguing that Trump misused emergency powers to impose tariffs without Congressional approval.