Governor Gavin Newsom announced on Friday that California would seek ways to expand trade and persuade international partners to exempt the state of global recovery while President Trump’s tariffs have sent us and global financial markets.
“Donald Trump’s prices do not represent all Americans,” said Newsom in a video published on Friday on the X social media platform. The 40 million residents of California, he said, live in “the American economy tent pole” which represents 14% of the country’s GDP and is the fifth largest economy in the world.
Newsom said he had ordered his administration to “look at new opportunities to extend trade and remind our business partners around the world that California remains a stable partner”.
California is a large trading partner worldwide, and prices could have a negative impact on many sectors of the state economy, from technology industry to agriculture and ports. But we do not know exactly how Newsom’s efforts to cut exemptions would work or if a state can forge such exceptions.
The Newsom Office said in a press release that it would strive to continue “collaboration with business partners” which protect the economic interests of California – workers, manufacturers and businesses – and broader supply chains linked to the state economy. The administration will explore the means to “support job creation and innovation in industries that depend on cross -border trade, promote the economic stability of companies and workers affected by federal (and) disturbances to safeguard access to critical supplies, such as building materials necessary for recovery efforts following the Los Angeles Fire Storms.”
Kush Desai, a White House spokesman, replied, saying: “Gavin Newsom should focus on homelessness outside of control, crime, regulations and non-security in California instead of trying during the international agreement.”
Stock markets worldwide have dropped even more on Friday after China was a significant increase in Trump in prices in a climbing of the trade war. There were growing concerns about a strong increase in prices that will hit consumer portfolios.
On Thursday, the actions dropped, the S&P 500, the industrial average of Dow Jones and the Nasdaq Composite reaching all their lowest drops of a day since the economy landed at the start of the Pandemic Covid-19 in 2020.
The price has struck some of California’s best business partners.
Prices include additional 24% tasks on Japan, 25% on South Korea and a 34% tariff on China, in addition to a 20% price that Trump imposed on this nation on illegal fentanyl’s mortal drug imports.
Canada and Mexico have been excluded from the basic and “reciprocal” rates, which could reduce the effect to the grocery store. Most American imports come from Mexico and Canada, including lawyers, cucumbers and mushrooms.
But countries are still faced with 25% samples from certain goods and 25% prices on imported cars and light trucks. South California car buyers rushed this week to make purchases before prices.
“It will have a huge and enormous impact on the manufacturing and supply chains throughout California.” Said economist Kevin Klowden on Thursday Milken Institute of Santa Monica. “We do not have specialized manufacturing for all these supply chains, and certainly not at the cost of the United States”
Trump said new prices are a global turning point for the United States. He said that on Wednesday that he nicknamed “Liberation Day”, “would remain upside down forever the day the American industry is reborn, the day of the destiny of America was recovered and the day we started to make America rich.”
“Our country and its taxpayers have been scammed for over 50 years, but that will not happen. It will not happen,” said Trump. “It is one of the most important days, in my opinion, in American history. This is our declaration of economic independence. “
For years, the leaders of California have made efforts to establish relations with foreign leaders and representatives of the local government in other countries, separated from any administration occupies the White House. Newsom and former governor Jerry Brown have concluded agreements with other countries on climate policies, efforts have accelerated due to Trump’s hostility to international environmental cooperation during his first mandate.
After taking office in January, Trump removed the United States from the Paris Agreement, an international climate agreement in which nations around the world have agreed to reduce greenhouse gas emissions in order to limit global warming. During a trip to the Vatican in 2024, Newsom met political leaders in Italy to sign a memorandum of understanding on the fight against climate change. During a trip to Asia last fall, the governor of California concluded similar agreements with China, the provinces of Guangdong and Jiangsu, and the municipalities of Beijing and Shanghai.
California has also been granted to regional governments in Canada, Mexico, Japan, South Korea, Sweden and Norway, among others. Since his entry into office in 2019, Newsom has also personally met the former Canadian Prime Minister Justin Trudeau, Chinese President Xi Jinping and other national leaders.
Times editor Laurence Darmiiento and the Associated Press contributed to this report.
California Daily Newspapers
