California outperforms Japan as the fourth largest global economy

The California economy in the country of Japan has exceeded the American state, the fourth largest global economic power.

Governor Gavin Newose described new data from the International Monetary Fund (IMF) and the US Economic Analysis Office that shows California growth.

California GDP (GDP) shows $ 4.10 trillion (3.08 trillion pounds) in 2024, bypassing Japan, which was marked at $ 4.01 trillion. The state is now tracing Germany, China and the United States as a whole.

“California is not just keeping pace with the world – we are putting the pace,” said Newfornia.

The new numbers come as Newsom spoke against President Donald Trump’s tariff and expressed concern about the future of the state’s economy.

California has the largest share of agricultural manufacturing and production in the United States. It is also home to the pioneering technological innovation, the center of the entertainment industry in the world and the largest sea port in the country.

Newsom, a prominent democracy and a possible presidential candidate in 2028, litigate Trump’s challenge to impose graphics, which caused the disruption of global markets and trade.

Trump was 10 % year for almost all countries you import to the United States, after announcing a 90 -day stop on a higher tariff.

Another tariff was imposed by 25 % on Mexico and Canada. However, the fees on China have led to a comprehensive trade war with the second largest economy in the world.

Trump imposed import taxes of up to 145 % on Chinese goods coming to the United States and China for a 125 % tax on American products.

His administration said last week that when the new definitions were added to those existing, fees on some Chinese goods can reach 245 %.

Newsom noticed his concerns about the future of the state’s economy.

“While we celebrate this success, we realize that our progress is threatened with the policies of the reckless tariffs of the current federal administration,” he said. “The California economy operates the nation and must be protected.”

Trump has argued that his commercial war only settled the stadium after years of imposing taxes on the United States.

Definitions are an attempt to encourage factories and jobs to return to the United States. It is one of his economic agenda, as well as a reduction in interest rates, which aims to reduce the cost of borrowing for Americans.

the New data California’s gross domestic product behind the United States appears at $ 29.18 trillion, China at $ 18.74 trillion and Germany at $ 4.65 trillion. It also appears that California was the fastest growth of those countries.

The Japanese economy is under pressure due to the low population and the aging of the population, which means that its working power is shrinking and social welfare costs gather.

This week, the International Monetary Fund has reduced its economic growth forecast for Japan and expected that the central bank would raise interest rates slower than previously expected due to the impact of the high tariffs.

The global economic report said: “The impact of the definitions announced on April 2 and linked to the uncertainty compensation for the expected reinforcement of special consumption with the growth of the above wage, which enhances the available income for the family.”