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The Latest Breaking News from Commerce Department

U.S. economy shrank 0.5% between January and March, worse than earlier estimates revealed

The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s import taxes at least temporarily disrupted business, the Commerce Department reported Thursday in a a downgrade from its previous estimate

The Independent UK

Companies are rushing to ship goods into the US ahead of tariffs. It’s masking the economic cliff

The U.S. GDP shrank in the first quarter, reflecting the import surge

The Independent UK

US Expands Export Blacklist, Adds Over 50 Chinese Companies To Curb AI And Tech Advances

The Chinese embassy in Washington condemned the U.S. actions, calling them "politically motivated." The export restrictions come as tensions between Washington and Beijing escalate, with the Trump administration intensifying tariffs on China.

International Business Times

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US Trade Gap Hits New Record In January As Tariff Fears Loomed

The US trade deficit surged to a new record in January, government data showed Thursday, as imports spiked while tariff worries flared in the month of President Donald Trump's inauguration.

International Business Times

The goods hit first by Trump’s tariffs on Mexico, Canada and China

Imports from Canada and Mexico will be taxed at 25 percent while levies on Chinese products will increase to 20 percent

The Independent UK

Fed's Inflation Gauge Shows Cooling Price Pressures

Recent data shows minimal inflation growth, prompting Fed to reduce rate cuts while supporting economic growth through strategic monetary policy adjustments.

Top News

US effort to curb China's and Russia's access to advanced computer chips 'inadequate,' report finds

The U.S. Commerce Department’s efforts to curb China’s and Russia’s access to American-made advanced computer chips have been “inadequate” and will need more funding to stymie their ability to manufacture advanced weapons

The Independent UK

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Abolish the Commerce Department

Donald Trump has tabbed Howard Lutnick to be the next secretary of the Department of Commerce. He should also be the last.

Reason

Lutnick tapped to lead Commerce Department under Trump 2.0 - Roll Call

President-elect Donald Trump chose billionaire Howard Lutnick, co-chair of his transition team, to lead the Commerce Department.

Roll Call

US Restricts TSMC's Export Of Advanced Chips To China: Report

The new order, set to take effect on Monday, comes weeks after TSMC notified the Commerce Department that one of its chips had been found in a Huawei AI processor.

International Business Times

US Fines Chipmaker $500,000 For Selling To Blacklisted Chinese Company

GlobalFoundries sent SJ Semiconductor 74 shipments worth $17.1 million without seeking a license, the Commerce Department said.

International Business Times

Commerce Department Bans Chinese Car Components

Commerce Secretary Raimondo insists the rule "is a strictly national security action."

Reason

U.S. Aims To Ban Cars With Software, Hardware Links To China

Forget tariffs on EVs. Proposed new U.S. Commerce Department rules would ban cars with digital links to China from 2027 onward.

InsideEVs

US Set To Announce Planned Ban On Chinese Vehicle Technology: Report

The Commerce Department is expected to unveil the proposed prohibitions on Monday, following an investigation ordered by President Joe Biden.

International Business Times

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International Business Times

Dow Hits Yet Another Record High

It pops up to 41,563.08 points fueled by favorable inflation news from the Commerce Department

The Independent UK

Kaspersky to shutter US operations after its software is banned by Commerce Department, citing risk

Cybersecurity firm Kaspersky says it’s shutting down all of its operations in the United States, just weeks after the Commerce Department banned the use of the company’s software in the country

Top News

Supreme Court Weakens Federal Agencies' Regulatory Power

The Supreme Court's recent ruling limits federal agencies' regulatory authority, reflecting a broader conservative agenda.

Tom’s Hardware

U.S. bans Kaspersky and hands out sanctions to execs — 100 days until class-leading antivirus ban takes effect

Antivirus company Kaspersky Labs and several subsidiaries were banned from U.S. operations on Thursday, and customers had 100 days to find an alternative. The U.S. also sanctioned 12 executives.

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The Independent UK

Cybersecurity firm Kaspersky denies it's a hazard after the US Commerce Dept bans its software

The cybersecurity firm Kaspersky has denied it is a security threat after the U.S. Commerce Department banned the use of its software in the United States

International Business Times

US Bans Russia's Kaspersky Antivirus Software

The United States on Thursday banned Russia-based cybersecurity firm Kaspersky from providing its popular antivirus products in the country on national security grounds, the US Commerce Department announced.

Top News

US Bans Use Of Russian Cybersecurity Firm's Software

The Biden administration bans US use of Kaspersky Lab software over national security concerns.

International Business Times

US Revokes Some Licenses For Exports To China's Huawei

The United States has revoked some export licenses that allowed companies such as US chip firm Qualcomm to supply Chinese tech giant Huawei, the Commerce Department confirmed on Wednesday.

Top News

Commerce Department Implements Stricter Rules On U.S. Firearms Exports

Learn about the Commerce Department's new restrictions on U.S. firearms exports to prevent misuse and enhance national security.

Top News

US To Ban Kaspersky Lab Software Over National Security Concerns

Biden administration to ban US use of Kaspersky Lab software over national security concerns.

Reason

New Budget Deal Includes $12 Billion 'Cut' That Doesn't Actually Cut Anything

Anatomy of a budget gimmick.

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