Economic Milestone
's nominal GDP reached $4.1 trillion in 2024, surpassing 's $4.02 trillion, making it the fourth-largest economy globally, behind the , , and .
The state's growth rate of 6% in the last year outpaced the US (5.3%), China (2.6%), and Germany (2.9%), highlighting California's economic dynamism.
Policy and Trade Concerns
Governor Gavin Newsom attributes California's economic success to investments in people, sustainability, and innovation, while also challenging 's tariff policies.
California's lawsuit against the Trump administration contests the legality of tariffs imposed, arguing they disrupt supply chains and inflict economic harm on the state.