Gov. Gavin Newsom President Trump’s massive tariffs We and the global financial markets have been sent.
“Donald Trump’s tariffs do not represent all Americans,” Newsom said in a video posted on social media platform X on Friday.
Newsom said he has directed his administration to “look for new opportunities to expand trade and “remind our global trading partners that California remains a stable partner.”
California is a major trading partner around the world, and tariffs could adversely affect many sectors of the state’s economy, from the technology industry to agriculture and ports. However, it is unclear how Newsom’s efforts to cancel the exemption work, or whether the state can forge such exceptions.
Newsom’s office said in a press release that it will seek “opportunities to collaborate with trading partners” in protecting California’s economic interests (workers, manufacturers and businesses) and the wider supply chains associated with the state economy. The government will explore “providing and innovative ways to support industries that rely on cross-border trade to promote economic stability for businesses and workers affected by federal trade disruptions [and] Avenues to protect critical supplies, such as building materials needed for restoration efforts in the wake of the devastating Los Angeles fire. ”
“Gavin Newsom should focus on homelessness, crime, regulations and impermanence in California, rather than trying his hand in international deals,” White House spokesman Kush Desai replied.
Stock markets are even lower even after Friday China Match President Trump’s Major salary increase In tariffs Continuously escalating trade wars. Concerns about sharp price increases are growing, which will hit consumers’ pocket books.
On Thursday, stocks plummeted, with the Index 500, Dow Jones Industrial Average and Nasdaq Comprehensive all hitting their lowest one-day declines since the 2020 Covid-19 pandemic.
Tariffs reached some of California’s top trading partners.
The tariffs include additional tariffs from Japan 24%, South Korea 25%, and China 34%, in addition to the 20% tariffs Trump imposed on the country’s illegal import of deadly drugs.
Canada and Mexico are excluded from baseline and “countdown” tariffs, which can mitigate the impact of grocery stores. Most of the U.S. production imports come from Mexico and Canada, including avocados, cucumbers and mushrooms.
However, these countries still face a 25% tax on certain commodities and a 25% tariff on imported cars and light trucks. Car buyers in Southern California scramble to the top this week Purchase before the tariff.
“This will have a huge impact on manufacturing and supply chains throughout California, across California.” Economist Kevin Klowden Milken Institute In Santa Monica Telled the Times Thursday. “We don’t have professional manufacturing for all these supply chains, and certainly don’t pay the price in the United States”
Trump said the new tariffs represent a turning point globally and the United States. He said Wednesday, which he called “Liberation Day,” “will always be remembered as the day when American industry was reborn, the day when America’s fate was taken back, and the day when we began to make America rich again.”
“Our country and its taxpayers have been deprived of for more than 50 years, but it won’t happen again. It won’t happen,” Trump said. “In my opinion, this is one of the most important days in American history. It’s our declaration of economic independence.”
For years, California leaders have been working to build relationships with foreign leaders and local government officials in other countries, separate from any White House executive branch.
After taking office in January, Trump withdrew the Paris Agreement, an international climate agreement in which countries around the world agreed to reduce greenhouse gas emissions to limit global warming. Municipalities in Guangdong and Jiangsu, as well as Beijing and Shanghai.
California has also reached agreements with regional governments such as Canada, Mexico, Japan, South Korea, Sweden and Norway. With his takeover in 2019, Newsom also personally met with former Canadian Prime Minister Justin Trudeau, Chinese President XI Jinping and other national leaders.
Laurence Darmiento and the Associated Press contributed to the report.
