Governor Gavin Newsom has attributed California’s $12 billion budget deficit to what he calls the “Trump Slump,” citing former President Donald Trump’s tariff policies, volatile markets, and reduced tourism as key causes. In his revised $332 billion budget, Newsom warned that Trump-era economic uncertainty could cost the state up to $16 billion in revenue. “California is under assault,” he said, defending cuts to health programs and climate initiatives. Critics, including Republican lawmakers, dismissed the blame as political deflection, accusing Newsom of reckless spending and mismanagement.

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