Gavin Newsom: “Unprecedented tax increases in the United States of America…”

“Or is it in America? Is it recession day? Is it tax day? Is it liquidation day? All the punditry out and the realities, the new realities of unprecedented tariffs, Unprecedented tax increases in the United States of America, certainly in PeaceTime, up to 23%. Tariffs all around the globe. Are we in a trade war? What does this mean in terms of you and your household and expenses? Are cars going to get cheaper?” (00:14–00:23)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.