California Governor Gavin Newsom announced that the state's economy has surged to become the fourth largest globally, eclipsing Japan. He criticized Fox News for its negative portrayal of California, emphasizing that the state continues to thrive with a growth rate of 6% in 2024, higher than the U.S., China, and Germany. Newsom highlighted California's leadership in new business ventures and venture capital. He also pointed out the threat posed by President Trump's tariffs, which he believes could significantly harm both California's economy and the broader U.S. economy.
California's economy has outperformed both the nation and other countries, now ranking as the world's fourth largest, surpassing Japan's GDP.
Despite negative portrayals by some media, Governor Newsom emphasizes California's growth, citing its top position in new business starts and venture capital.
The state's strong economic performance highlights growth rates surpassing the U.S. and other major nations, showcasing California's global economic significance.
Newsom also critiques President Trump's tariffs, arguing they threaten California's success and the broader U.S. economy, projecting significant annual losses.
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