Newsom projects Trump tariffs will tear $16B from California budget The Newsom administration plans to lay blame for the budget morass at the president's feet.

#Tarriffs will cost the 4th largest #economy in the world #16Billion$ in tax revenue.

“These #factors had a #DirectNegativeImpact on #California #TaxRevenues beginning in 2025 & reversed the positive cash trends seen to date. Together, they result in a $16 billion #reduction in #EstimatedRevenue.”