CNN
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California has surpassed Japan to become the world’s fourth-largest economy, Gov. Gavin Newsom said, as he warned of the threat posed by President Donald Trump’s tariffs to the tech powerhouse’s fast-growing wealth.
The Golden State’s nominal gross domestic product (GDP) reached $4.1 trillion in 2024, according to preliminary data from the US Bureau of Economic Analysis, edging past Japan’s $4.02 trillion nominal GDP in the same period as recorded by the International Monetary Fund.
That means only the United States, China and Germany have larger economies than California, which outpaced all three countries with growth of 6% last year, according to the release.
“California isn’t just keeping pace with the world — we’re…
