California Governor Gavin Newsom took direct aim at President Donald Trump’s tariff strategy, launching another round of criticism over what he described as “profound uncertainty” in U.S. trade strategy — and citing Nvidia’s (NVDA) anticipated $5.5 billion write-down as the latest high-profile casualty.
The remarks came during a press briefing where Newsom, alongside California Attorney General Rob Bonta, announced the state would sue Trump over his renewed use of tariffs and export controls targeting Chinese technology trade — marking the first state-level legal challenge to the president’s signature economic policy tool.
