California’s GDP hits $4.1 trillion in 2024; surpasses that of Japan - the world’s 4th largest economy
California's GDP surpassed Japan's in 2024, reaching $4.1 trillion, driven by its thriving tech industry and property market. Governor Newsom cautioned that President Trump's tariff policies threaten this economic growth, leading to a lawsuit challenging the tariffs' legality. California, along with other states, argues these tariffs harm businesses and residents, while the White House dismisses the challenge.
California's GDP surpassed Japan's in 2024, reaching $4.1 trillion, driven by its thriving tech industry and property market. Governor Newsom cautioned that President Trump's tariff policies threaten this economic growth, leading to a lawsuit challenging the tariffs' legality. California, along with other states, argues these tariffs harm businesses and residents, while the White House dismisses the challenge.
