California's economy has surpassed Japan's, state Gov. Gavin Newsom announced, as he warned of potential impacts in the Golden State from President Trump's sweeping tariffs. The big picture: "CA just became the 4th largest economy in the WORLD,

If California were its own country, its economy would now rank as the fourth largest of any nation in the globe, Gov. Gavin Newsom said this week.

California has overtaken Japan to become the world's fourth-largest economy, Governor Gavin Newsom announced, citing data from the International Monetary Fund (IMF) and the US Bureau of Economic Analysis.