Trump Tariffs Could Cost California $25 Billion and 64,000 Jobs
Governor Gavin Newsom warned that Trump administration tariffs could potentially cost California's economy $25 billion and eliminate 64,000 jobs. The tariffs have created significant economic uncertainty for California businesses, particularly in manufacturing and agriculture sectors. California, as the fourth-largest economy globally, faces disproportionate impacts from the trade policies.
Governor Gavin Newsom warned that Trump administration tariffs could potentially cost California's economy $25 billion and eliminate 64,000 jobs. The tariffs have created significant economic uncertainty for California businesses, particularly in manufacturing and agriculture sectors. California, as the fourth-largest economy globally, faces disproportionate impacts from the trade policies.
Key Facts
- •Potential $25 billion economic loss
- •64,000 jobs at risk
- •Manufacturing and agriculture most affected
- •California is 4th largest economy globally
- •Increasing consumer costs across sectors
