California is the fourth-largest economy in the world, Governor Gavin Newsom said on Wednesday.

California has become the world’s fourth-largest economy, surpassing Japan and ranking only below the U.S., China, and Germany, according to the International Monetary Fund and the U.S.

California has surpassed Japan to become the world’s fourth-largest economy, Gov. Gavin Newsom said, as he warned of the threat posed by President Donald Trump’s tariffs to the tech powerhouse’s fast-growing wealth.