All articles tagged with #trade slowdown
Virginia's economy is slowing significantly, with GDP growth dropping from 6.2% to 1.7%, job losses in major metro areas, and a decline in trade and manufacturing sectors, largely attributed to federal policy impacts under Trump. The next governor will need to address these economic challenges as the state's growth ranks among the lowest in the U.S.
Gold prices fell due to weak economic data from China, indicating a slowing global economy that could reduce demand for precious metals. A rise in US Treasury yields also negatively impacted safe-haven metals. China's exports fell more than expected in May, while imports fell less than expected. The post-Covid Chinese economy is sputtering, and global trade is cooling rapidly amid major central banks tightening their monetary policies, potentially negatively impacting the raw commodity sector, including metals.