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's economy has surpassed Japan's, state Gov. Gavin Newsom announced, as he warned of potential impacts in the Golden State from President Trump's sweeping tariffs. The big picture: "CA just became the 4th largest economy in the WORLD,