California’s GDP hits $4.1 trillion in 2024; surpasses that of Japan - the world’s 4th largest economy

California just leapfrogged Japan to become the world’s fourth-largest economy, hitting a staggering 4.1 trillion dollars in GDP for 2024, thanks to its tech giants, real estate boom, and financial clout. But Governor Gavin Newsom warns that Trump’s sweeping tariffs, imposed under emergency powers, threaten this growth. In a bold move, California and 12 other states filed a federal lawsuit, arguing the tariffs—especially the 10 percent blanket import tax—violate trade law and harm businesses. Here’s the deep cut: if California were a nation, its trade exposure to Mexico, China, and Canada would rival mid-sized G20 economies, making these tariffs a direct threat to global supply chain stability.https://timesofindia.indiatimes.com/business/international-business/californias-gdp-hits-4-1-trillion-in-2024-surpasses-that-of-japan-the-worlds-4th-largest-economy/articleshow/120612694.cms

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