The MeidasTouch Podcast Gov. Gavin Newsom Drops the Hammer on Trump on His Own Turf (Interview)
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May 10, 2025 
Gavin Newsom, the Governor of California, warns about the dire consequences of Trump’s policies, particularly their impact on California’s economy. He critiques Trump’s trade policies and highlights the dangers they pose to the state's supply chain and consumer confidence. Newsom also promotes California's efforts to counter misinformation about its governance. He underscores the importance of protecting democracy and supporting domestic products to safeguard the economy against further threats.
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Trump's Policies Create Supply Crisis
- Trump's economic policies are causing severe supply chain disruptions impacting essential goods like school supplies and toys.
- California, handling 40% of U.S. goods movement, is especially affected, marking a 'code red' economic crisis.
Tariff Instability Harms Economy
- Tariffs must be predictable and stable to effectively bring manufacturing back to the U.S.
- Trump's erratic tariff policies create uncertainty that harms business decisions and wrecks the economy.
Firsthand Cargo Decline Observation
- Newsom personally observed declining cargo bookings at California ports, with Southern California down 60%.
- These declines threaten to manifest in tangible shortages on retail shelves months later.