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THE U.S. AND CHINA have agreed to roll back tariffs in the event of a completed trade agreement. / BLOOMBERG NEWS FILE PHOTO/TIME RUE

China, U.S. agree to tariff rollback if trade deal reached

Economic Activity 11/07/2019

BEIJING – China and the United States have agreed to roll back tariffs on each other’s goods in phases as they work toward a...

THE U.S. BUDGET DEFICIT 26% to $984 billion in 12 months through September. / BLOOMBERG FILE PHOTO/ANDREW HARRER

U.S. annual budget deficit nears $1T with 26% rise

Economic Activity 10/25/2019

WASHINGTON – The United States budget deficit widened to almost $1 trillion in the latest fiscal year, surging to the highest level since 2012...

SMALL-BUSINESS optimism declined to its lowest since March, according to the National Federation of Independent Business. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

U.S. small-business optimism drops to near lowest of Trump era

Economic Activity 10/08/2019

WASHINGTON – United States small-business sentiment fell to near the lowest level of Donald Trump’s presidency, as tariffs and economic uncertainty increasingly weigh on...

THE UNITED STATES goods-trade gap with China shrank to a seasonally adjusted $28.9 billion in August from $29.6 billion a month earlier. / BLOOMBERG NEWS FILE PHOTO/QILAI SHEN

U.S. trade gap with China narrows as exports hit five-month high

Economic Activity 10/04/2019

WASHINGTON – The United States' merchandise trade deficit with China narrowed in August as exports rose to a five-month high, a possible sign of...

TARIFF IMPACTS: Rhode Island Manufacturers Association Executive Director David Chenevert said the impact of tariffs and the slowing of the world economy has affected businesses differently in Rhode Island. Manufacturers focused on the aerospace or medical-industry markets are doing fine, he said, because defense spending has increased and the medical industry is growing. Companies producing products for the automotive industry, however, are seeing an impact because auto sales are down nationally.  / PBN PHOTO/RUPERT WHITELEY

U.S. trade war with China has brought pain, uncertainty

Cover Story 10/04/2019

The initial tariffs imposed in 2018 on imports from China didn’t affect Cooley Group, a Pawtucket-based company that manufactures an array of engineered materials,...

U.S. economy cools on consumer spending, equipment orders

Economic Activity 09/27/2019

WASHINGTON – The United States economy cooled in August as Americans spent less than projected and companies cut capital-equipment orders, with below-forecast prices and...

THE UNITED STATES' goods-trade deficit was $72.8 billion in August after $72.5 billion the month prior. / BLOOMBERG NEWS FILE PHOTO/TIM RUE

U.S. goods trade deficit widened in August by less than forecast

Economic Activity 09/26/2019

WASHINGTON – America’s merchandise trade deficit widened in August by less than forecast as a gain in imports exceeded a slight increase in exports. The...

PRESIDENT DONALD TRUMP announced via Twitter Wednesday that he will revoke California’s authority to regulate greenhouse gas emissions from automobiles. The decision could impact New England, as five of the six states have adopted California's greenhouse gas standards. / PBN FILE PHOTO/BRIAN MCDONALD

California vows fight as Trump takes aim at clean-car authority

Government 09/18/2019

NEW YORK – President Donald Trump said he will revoke California’s authority to regulate greenhouse gas emissions from autos, his latest clash with the...