Andrew Mayeda, Author at Providence Business News

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THE CONGRESSIONAL BUDGET OFFICE estimated that the five-week partial federal shutdown will have cost the United States economy $3 billion. / BLOOMBERG NEWS FILE PHOTO/AL DRAGO

CBO sees Trump shutdown as an economic blip totaling $3B

Economic Activity 01/28/2019

NEW YORK - The five-week partial shutdown of the United States government will ultimately cost the world’s biggest economy just $3 billion, though the...

IMF sees weakest world growth in three years as Europe slows

Economy 01/21/2019

WASHINGTON – The International Monetary Fund cut its forecast for the world economy, predicting it will grow at the weakest pace in three years...

THE UNITED STATES trade deficit trade increased 6.4 percent to $53.2 billion in August. / BLOOMBERG NEWS FILE PHOTO/QILAI SHEN

U.S. trade gap hits six-month high as soybean exports plunge 28%

Economic Activity 10/05/2018

NEW YORK - The United States trade deficit widened in August to the biggest in six months as soybean exports plunged and a measure...

U.S. and Canada reach trade deal to keep NAFTA trilateral

Government 10/01/2018

NEW YORK - United States President Donald Trump is set to sign a successor to the North American Free Trade Agreement that will make...

CHINA RESPONDED to the most recent round of tariffs from President Donald Trump with retaliatory tariff action against $60 billion of U.S. goods. / BLOOMBERG NEWS FILE PHOTO/OILAI SHEN

China strikes $60B of U.S. goods in widening trade war

Economic Activity 09/18/2018

NEW YORK - China announced it will take retaliatory tariff action against $60 billion of U.S. goods, sharply escalating the trade war as the Trump...

THE TRUMP ADMINISTRATION announced another round of tariffs that will affect roughly $200 billion in Chinese goods. / BLOOMBERG FILE PHOTO/QILAI SHEN

Trump ratchets up tariff pressure on China with $200B hit

Economic Activity 09/17/2018

NEW YORK - The Trump administration will slap a 10 percent tariff on about $200 billion in Chinese goods next week, and more than double...

THE UNITED STATES budget deficit increased to $898 billion in the 11 months through August. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

U.S. budget deficit swells to $898B, topping forecast

Government 09/13/2018

NEW YORK - The United States budget deficit widened to $898 billion in the 11 months through August, exceeding the Congressional Budget Office’s forecast...

AS THE PERIOD FOR comment on a planned $200 billion of tariffs on Chinese goods ended, it was said that President Donald Trump is willing to meet with Chinese leader Xi Jinping as the two nations square off. / BLOOMBERG NEWS FILE PHOTO/QILAI SHEN

Kudlow says U.S. willing to talk with China as tariffs loom...

Economic Activity 09/07/2018

NEW YORK - President Donald Trump is willing to meet with Chinese leader Xi Jinping as the two nations square off over trade, but...

PRESIDENT DONALD TRUMP announced that the United States had reached a tentative trade deal with Mexico Monday. He also said that he may end the North American Free Trade Agreement. / BLOOMBERG NEWS FILE PHOTO/OLIVIER DOULIERY

Trump says he’ll end Nafta after reaching new deal with Mexico

Economic Activity 08/27/2018

NEW YORK - President Donald Trump said he would terminate the North American Free Trade Agreement and sign a new trade accord with Mexico, potentially...