How California plans its own trading pact – Diepresse.com
Trump’s new tariffs are in the stomach of economic California. Governor Newsom wants to negotiate exceptions for the state abroad. Can that work?
New York/Sacramento. « We are not afraid to use our market economy strength to combat the greatest tax increase in our lives. » Gavin Newsom sounded less like a US governor on Friday, but like the boss of one of the largest economic nations in the world when he criticized US President Donald Trump. Newsom has instructed the government of its state, California, « to find new opportunities to expand our trade and to remind our trading partners around the world from the fact that California remains a reliable partner ». Because: « California is not Washington. »
And Newsom has one point: If California were detached from the United States, the western state on the Pacific would be the fourth largest economic nation in the world. 14 percent of the US gross domestic product are generated annually by the approximately 40 million Californians. The state leads in the manufacturing and agricultural economy; The US tech sector continues to focus on the Bay Area in northern California.
