California’s GDP hits $4.1 trillion in 2024; surpasses that of Japan

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.