Trump's policies tanking VA GDP

[Anonymous]

Read the article - while yes, a good amount is expected loss with federal job loss also impacting private contractors, tariffs are also impacting the economy and causing losses.

https://cardinalnews.org/2025/10/21/virginias-gdp-growth-drops-from-6-2-to-1-7-three-new-economic-reports-issue-warnings-about-why-and-what-comes-next

Some highlights:
"Rural school systems (and many urban ones) get most of their funding from the state government, but where does the state get that money? The biggest single source of state revenue is Northern Virginia — the region accounts for 42% of the state’s general fund revenue. That means localities in even the westernmost part of the state are tied to the economic fortunes of Northern Virginia"

"West Coast ports have seen traffic increase, as some companies rushed to import goods from Asia before tariffs took effect. The Port of Virginia, though, has seen traffic decrease. A report compiled this summer by Cushman & Wakefield found that while Long Beach, California, saw volume increase by 9.6% from June 2024 to June 2025, the Port of Virginia saw volume decrease by -7.9%."

"From January to July of this year, the dollar value of both imports and exports through the Port of Virginia has declined every month.

While a decline in import values could conceivably be a good thing — it means we’re buying less from overseas — a decline in export values definitely isn’t. That means we’re selling less overseas, as well, as other countries either impose retaliatory tariffs of their own or simply seek other suppliers. Indeed, most months the biggest decline in value has been with exports, not imports."

[jsteele]

https://www.dcurbanmom.com/jforum/posts/list/1297689.page