SCOOP: Newsom to urge countries announcing retaliatory tariffs to exempt California-made products
California Governor Gavin Newsom is set to make a groundbreaking announcement on Friday afternoon, revealing plans to forge strategic partnerships with countries that are imposing retaliatory tariffs against the United States. The aim is to persuade these nations to exempt California-made products from these levies, in a bid to safeguard the state’s economy. This move comes in response to President Donald Trump’s recent tariff plan, dubbed “Liberation Day,” which includes a 10% baseline duty on all imports to the U.S. and higher rates for top trading partners.
Sources within Newsom’s administration have disclosed to Fox News Digital that the Governor is particularly concerned about the impact of these tariffs on California’s almond industry. Almonds are a cornerstone of the state’s agricultural exports, making up 20% of its $23.6 billion in foreign agricultural sales and 2.5% of total exports. California produces 80% of the world’s almonds and relies heavily on exporting them. Other key exports include dairy products, pistachios, wine, and walnuts.
As the fifth-largest economy globally, California plays a pivotal role in driving U.S. economic growth, boasting a GDP of $3.9 trillion. The state is the largest importer and second-largest exporter among U.S. states, with over $675 billion in two-way trade supporting millions of jobs. Trade relationships with Mexico, Canada, and China are crucial for California, with nearly half of the state’s imports coming from these countries.
The imposition of retaliatory tariffs is expected to disrupt supply chains in the California-Baja region, leading to significant price hikes for finished goods. This could have a ripple effect on consumers, as increased costs are likely to be passed on to Californian residents. Additionally, access to essential supplies like construction materials, needed for post-wildfire rebuilding efforts in Los Angeles, may be hampered by the tariffs.
President Trump has hailed his tariff plan as a move towards economic independence, asserting that it will spur economic growth and benefit American citizens. He emphasized the need to prioritize domestic prosperity and reduce national debt through increased trade revenues. The President’s bold stance on tariffs has sparked both optimism and concern among stakeholders, with the potential for far-reaching implications on global trade dynamics.
In conclusion, Governor Newsom’s initiative to secure exemptions for California-made products from retaliatory tariffs underscores the state’s commitment to safeguarding its economic interests. By fostering strategic partnerships with key trading partners, California aims to mitigate the adverse effects of escalating trade tensions and ensure the continued growth of its vital industries. As the trade landscape evolves, states like California are taking proactive steps to navigate the challenges and opportunities presented by shifting global economic dynamics.
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