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The Latest Breaking News from Commerce Department

Election deniers urge Trump: go extreme

A vocal group of activists has Trump’s ear, but it remains unclear how the president will respond

Salon · Oct 16

Retail sales up 0.8% in September, but a big chunk of spending went to paying gasoline bills

Shoppers showed their willingness to spend in September even after a better-than-expected splurge in August

The Independent UK · Oct 15

SK Hynix conditions new US factory on more US chip equipment exports to China

The Trump administration is pressing SK Hynix, Samsung and other foreign chipmakers to build plants in the US in a drive to rebuild US manufacturing capacity and create jobs.

The Economic Times · Oct 15

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SK Hynix seeks US nod to expand China chip output, ties approval to US plant: Report

SK Hynix is attempting to obtain approval from the US to export chipmaking equipment to China. This export is intended to facilitate an increase in production at its Dalian facility. Solidigm, the US arm of SK Hynix, is considering a factory in the US contingent on this approval. The US…

The Economic Times · Oct 15

America In Focus: Unemployment rate climbs, mortgage rate hits nearly 3 year high

U.S. employers added a disappointing 29,000 jobs and the unemployment rate ticked up last month, the government reported Friday

The Independent UK · Oct 3

Chile's Copper Hits 15-Year Low — and a Mine Strike Could Make It Worse

Chile's August copper output fell to a 15-year low as a major mine faces a strike and the U.S. weighs new tariffs on refined metal.

Latin Times · Oct 2

Wilbur Ross was Trump’s first-term tariff hawk. Now he says refunds give importers ‘an extra profit’ and pay them ‘more than the money’ they laid out

The former commerce secretary says importers who passed tariff costs on to customers are now being paid back for money they didn’t lose.

Fortune · Oct 1

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US stocks: US market rises as cooler inflation data ease October Fed hike bets

U.S. stocks surged higher as inflation reports came in softer than analysts predicted, easing worries about potential interest rate hikes. The Commerce Department revealed a 3.4% increase in the Personal Consumption Expenditures price index year-over-year. Major players like Apple and Alphabet enjoyed price rises, contributing to a notable boost in…

The Economic Times · Sep 30

The U.S. Economy Grew More Than Previously Estimated In Q2 As Consumer Spending Remains Strong

The economy grew 2.2% between April and June, the Commerce Department noted.

International Business Times · Sep 30

Congress continues back-seat role as AI execs feted at White House

Following a meeting at the White House with President Donald Trump and technology moguls, Speaker Mike Johnson, R-La., on Tuesday pushed back on calls to impose regulations on artificial intelligence, even as news of worrisome AI models hacking into government databases become increasingly common and the public grows more skeptical…

Roll Call · Sep 29

Trump's mail-in voting agenda revealed

ProPublica reveals the extent of the White House’s role in trying to dictate how mail-in ballots are processed

Salon · Sep 29

Senators press administration for answers on broadband funds

A bipartisan group of senators is pushing the Commerce Department to release long-delayed guidance for states seeking to use remaining funds from a $42 billion broadband grant program. In a letter first shared with CQ Roll Call, Sen. Jeanne Shaheen, D-N.H., with Senate Appropriations Chair Susan Collins, R-Maine; Angus King,…

Roll Call · Sep 29

US exempts India and 19 nations from 100% tariff on certain speciality drugs: Report

The United States has announced it will exempt certain speciality drugs and ingredients imported from India and 19 other countries from tariffs. This decision follows US President Donald Trump's proclamation imposing a 100% tariff on specified patented pharmaceuticals. Drugs intended for rare diseases and infertility, along with their components, will…

The Economic Times · Sep 28

OpenAI's AI agents ‘went rogue’, targeted US government websites without lab’s knowledge: Report

OpenAI AI agents targeted US government websites, including those of the Education Department, Commerce Department and SEC, without the company’s knowledge, The New York Times reported. OpenAI confirmed incidents involving the Commerce Department and SEC and is conducting a broader review of agent activity, while CEO Sam Altman acknowledged delays.

The Economic Times · Sep 26

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Barchart · Sep 18

The U.S. Government Is Preparing to Offload Over 9 Million GlobalFoundries Shares. How You Should Play GFS Stock in Response.

The federal government has filed to sell shares of GFS stock tied to a chip-funding deal, even as new federal awards keep flowing in.

Barchart · Sep 16

Washington’s AI Safety Push Meets Anthropic CEO Amodei’s Call to Slow AI Development. What That Means for Nvidia and Chip Stocks.

Washington’s push for AI safety rules and calls from industry leaders to slow frontier AI development could weigh on chip stocks in the near term, but the ultimate impact hinges on whether those efforts actually curb AI infrastructure spending.

MarketBeat · Sep 15

Breaking Down the Impact of the CHIPS Funding Deal for Quantum Firms

The Commerce Department awarded $100 million CHIPS Act grants each to D-Wave Quantum, Rigetti Computing, and Quantinuum, while IonQ was notably excluded from this funding round.

Roll Call · Sep 4

NTIA opens door to new federal broadband grants

More broadband deployment funding could be headed to states to serve locations missed in earlier rounds of a $42 billion federal grant program. The Commerce Department’s National Telecommunications and Information Administration announced Thursday that it plans to accept new proposals from states under the Broadband Equity, Access and Deployment program.…

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Latin Times · Sep 3

How a Pasta Tariff Meant to Hit 92% Ended Up at Under 10%

Commerce quietly softened tariff penalties, starting with Italian pasta, as GOP strategists worry rising grocery prices could hurt them in November.

The Economic Times · Sep 2

Chips won't taste good unless made in US

President Donald Trump already imposed 25% tariffs on certain advanced semiconductors, ordering those import charges in January after a Commerce Department probe into the trade. However, a new round of tariffs could extend their reach beyond semiconductors to products containing chips - hitting imports of data center servers and consumer…

Tom’s Hardware · Aug 28

New US export controls reportedly target Chinese access to remote AI servers — Trump admin's cut-down AI diffusion rule could be shared with industry as soon as September

The Trump administration is reportedly drafting a rule to close a loophole around remote access to advanced AI compute, and it could be shared with trade groups as early as September.

Motor1 · Aug 25

Polestar Wants Answers After Being Banned In The US

The automaker expected approval to keep selling cars here. Then Volvo got a pass under the same Chinese ownership.

Motor1 · Aug 17

Dealer Says Polestar Engineered US Sales Ban In $25-Million Lawsuit

Prestige Imports alleges Polestar used the Connected Vehicle Rule to shed franchise obligations while a federal ban reshapes its American sales footprint.

International Business Times · Aug 14

Retail Sales See The Biggest Drop In More Than a Year. The Fading Effect Of Tax Refunds May Have Played a Role.

Retail sales declined 0.6% in July, according to data from the Commerce Department.

The Times of India · Aug 10

US lawmaker urges Trump admin to stop advanced chips from reaching China

A senior US Republican lawmaker has urged the Donald Trump administration to enforce stricter controls on advanced semiconductor shipments to China, warning that loopholes could allow Chinese companies to gain access to high-end chips critical to artificial intelligence and military technologies.

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