On May 10, California Governor Gavin Newsom recently criticized the U.S. federal government in a video posted on social media, stating that the current tariff policy “could cause the U.S. to lose its status as the world’s largest economy.” In the video, he criticized the U.S. government’s tariff policy for obstructing imports, which directly affects the daily lives of ordinary people. “Months from now, people will lack school backpacks and Christmas toys. Tariffs will make it harder for American families.” Newsom stated that as the strongest economic state in the U.S., California holds an important position in the global economy, largely because California is committed to “reducing trade barriers and providing quality services for American consumers,” but the current tariff policy is undermining all of this, leading to rising prices and port stagnation. (Jin10)
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BrotherNiu
· 2025-05-10 17:23
[The new version of the GENIUS Act proposes to bring Tether under U.S. jurisdiction] According to a disclosure by Zoomer, the latest version of the GENIUS Act shows that Tether will be brought under U.S. jurisdiction, regardless of where its headquarters is located.
California Governor: Current tariff policy "could cause the U.S. to lose its status as the world's largest economy"
On May 10, California Governor Gavin Newsom recently criticized the U.S. federal government in a video posted on social media, stating that the current tariff policy “could cause the U.S. to lose its status as the world’s largest economy.” In the video, he criticized the U.S. government’s tariff policy for obstructing imports, which directly affects the daily lives of ordinary people. “Months from now, people will lack school backpacks and Christmas toys. Tariffs will make it harder for American families.” Newsom stated that as the strongest economic state in the U.S., California holds an important position in the global economy, largely because California is committed to “reducing trade barriers and providing quality services for American consumers,” but the current tariff policy is undermining all of this, leading to rising prices and port stagnation. (Jin10)