California's economy has outstripped the country of Japan, making US states a fourth largest global economic power.
Governor Gavin Newo has announced new data from the International Monetary Fund (IMF) and the US Economic Analysis Bureau showing California's growth.
The data shows that the gross domestic product (GDP) in California reached $ 4.10 trillion ($ 3.08 trillion pounds) in 2024, exceeding Japan, which was marked at $ 4.01 trillion. Now the state is only tracking Germany, China and the United States as a whole.
“California is not just up to date with the world – we define the pace,” Newsom said.
The new figures are coming as Newsom spoke against President Donald Trump's tariffs and expressed concern about the future of the country's economy.
California has the largest share of production and agricultural production in the United States. It is also home to leading technological innovations, the center of the world entertainment industry and the two largest seaside ports in the country.
Newsom, a prominent Democrat and possible presidential candidate in 2028, brought a case The challenge of Trump's powers to impose levies that caused a break in global markets and trade.
Trump has accepted 10% of taxes for almost all countries in the United States after announcing a 90-day break at higher tariffs.
Another 25% tariff was imposed on Mexico and Canada. However, China's levies led to a comprehensive trade war with the world's second largest economy.
Trump imposed taxes on imports of up to 145% on Chinese goods entering the United States, and China withdrawn with a 125% tax on US products.
The administration told him last week that when new tariffs were added to the existing ones, the taxes of some Chinese goods could reach 245%.
NEWSOM has noted its concerns about the future of the country's economy.
“As we celebrate this success, we admit that our progress is threatened by the reckless tariff policies of the current federal administration,” he said. “The California economy is supplied by the nation and it must be protected.”
Trump claims that his trade war equalizes play conditions only after years when the United States was taxed.
Tariffs are an effort to promote factories and jobs to return to the United States. This is a major pillar of his economic program, as is a reduction in interest rates aimed at reducing loan costs for Americans.
Thehe New data It shows California's GDP behind the United States at $ 29.18 trillion, China with $ 18.74 trillion and Germany at $ 4.65 trillion. It also shows that California is the fastest growing among these countries.
Japan's economy is under pressure due to its decreasing and aging population, which means that its workforce shrinks and the cost of social care is ballooned.
This week, the IMF has reduced its economic growth forecast for Japan and predicts that the central bank will raise interest rates more slowly than expected earlier due to the impact of higher tariffs.
“The effect of tariffs, announced on April 2 and the associated uncertainty, offset the expected increase in private consumption with altitude, increasing the disposable home -made revenue,” the report of its worldwide economic prospects said.