California Governor: Current tariff policy "may cause the United States to lose its position as the world's largest economy"

Mars Finance News, on May 10th, California Governor Gavin Newsom recently criticized the U.S. federal government in a video posted on social media, stating that the current tariff policy "may cause the United States to lose its status as the world's largest economy". In the video, he criticized the government's tariff policy for obstructing U.S. imports and directly affecting people's daily lives. "A few months later, people will lack school backpacks and Christmas toys. Tariffs will add insult to injury for American families." Newsom stated that as the state with the strongest economic power in the United States, California plays an important role in the global economy, precisely because California is committed to "reducing trade barriers and providing high-quality services for U.S. consumers". However, the current tariff policy is damaging all of this, leading to price increases and port stagnation. (Jin Shi)