California Governor: Current Tariff Policy 'May Lead to the U.S. Losing Its Status as the World's Largest Economy'

BlockBeats News, May 10th - California Governor Gavin Newsom recently posted a video on social media criticizing the U.S. federal government. He stated that the current U.S. tariff policy "may cause the U.S. to lose its position as the world's largest economy." In the video, he criticized the U.S. government's tariff policy for hindering U.S. imports, directly impacting people's daily lives. "In a few months, people will lack school backpacks, lack Christmas toys. Tariffs will further burden American families."

Newsom stated that as the strongest state in terms of the U.S. economy, California holds a significant position in the global economy precisely because California is committed to "reducing trade barriers and providing high-quality services to American consumers." However, the current tariff policy is undermining all of this, leading to price increases and port congestion. (Financial News)