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Gavin Newsom: “Nvidia took a $5.5 billion charge related to some of the…”

Featuring: Gavin Newsom, Democratic | Governor of California

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Interview with Governor Gavin Newsom on California's Lawsuit Against Trump Administration's Tariffs

Published | Video Starts at 01:29

… state, not least of which Today, the markets, your 401k was impacted, the NASDAQ dropping significantly. Nvidia, a great California company, Great American Company, one of the dominant global companies, Nvidia took a $5.5 billion charge related to some of the uncertainty from the Trump administration. And so we sued. This is our 15th lawsuit since Trump took himself back, or rather got back into office. And we see the Trump administration saying that he does not have the unilateral authority to impose these tariffs. (01:29–01:44)

CLAIM

Asserts that Nvidia incurred a $5.5 billion charge due to uncertainty caused by the Trump administration.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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