As Gabe Petek, the Legislature’s budget analyst, said in a January response to Newsom’s state revenue forecast, “These gains are not tied to improvements in the state’s broader economy, which has been lackluster, with elevated unemployment, a stagnant job market outside of government and healthcare, and sluggish consumer spending.”

Southern California's trade industry in 2022 supported nearly 2 million jobs and contributed nearly $300 billion in direct economic output. Trump's tariffs could tank operations.

A report from the LA County Economic Development Corporation said the tariffs threaten $500 billion in revenue for the region and put 2 million local workers at risk. Tom Wait reports.