California Explores International Trade Deals to Circumvent Trump Tariffs
Faced with President Trump’s sweeping import tariffs, California Governor Gavin Newsom is actively seeking to mitigate the economic impact on the state. Newsom’s administration is pursuing strategic relationships with countries implementing retaliatory tariffs, aiming to exempt California goods from these taxes. This proactive approach comes as the White House’s new tariffs, ranging from 10% to 34%, threaten California industries, particularly agriculture and construction, with potential billions of dollars in losses and significant supply chain disruptions. The state’s significant role in U.S. trade makes it particularly vulnerable to these escalating trade conflicts.
John Q. Hosedrinker