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The Latest Breaking News from Commerce Department

Biden administration reviewing China chip export policies, official says

The Biden administration is reviewing policies for the export of some semiconductor chips to China to ensure that advanced technological know-how does not ending up in Beijing, a top Commerce Department official said during a congressional hearing on Thursday.

Reuters

A new bill could help protect the census after Trump-era interference

After years of census meddling by former President Donald Trump's administration, Rep. Carolyn Maloney, D-N.Y., has introduced a bill that could help protect future counts from interference.

WEKU

China not giving material support for Russia's war in Ukraine -U.S. official

The United States has not seen China evade sanctions or provide military equipment to Russia, a senior U.S. official said on Thursday, adding that enforcement measures taken earlier in the week targeted certain Chinese companies, not the government.

Reuters

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US blacklists five Chinese companies for supporting Russian military

The Group of Seven economic powers includes Canada, France, Germany, Italy, Japan, the UK and the US.

Irish Mirror

Biden allows solar panel imports while also moving to boost domestic production

The Biden administration will invoke the Defense Production Act to increase U.S. manufacturing of solar panels while declaring a two-year tariff exemption on panels from Southeast Asia.

WEKU

Biden waives solar panel tariffs, seeks to boost production

President Joe Biden plans to invoke the Defense Production Act to increase U.S. manufacturing of solar panels while declaring a two-year tariff exemption on panels from Southeast Asia

The Independent UK

Biden aims to jump-start solar energy projects stalled by probe

WASHINGTON — President Joe Biden will look to boost the new energy sector with actions Monday aimed at increasing the production and installation of solar panels, according to a senior administration official.

Los Angeles Times

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Biden administration to invoke Defense Production Act for solar industry, other clean tech

Solar developers say an ongoing trade enforcement probe has stalled new projects.

Axios

Biden taps brakes on solar tariffs, moves to boost clean energy - Roll Call

The White House says a Commerce Department investigation of solar-energy components from China will continue, but stops tariffs for two years.

Roll Call

Biden outlines economic framework for US, Asian nations - Roll Call

President Biden, on a trip to Tokyo, lays out an economic framework for the US and 12 other countries to counter China's influence.

Roll Call

EXPLAINER: What's in Biden's proposed new Asia trade pact?

President Joe Biden faced a dilemma on trade in Asia: He couldn’t just rejoin the Trans-Pacific Partnership that his predecessor had pulled the U.S. out of in 2017

The Independent UK

White House tries to soothe China solar panel probe fallout

The Biden administration is trying to mitigate political fallout of its own making.

Axios

US deepens solar tariff probe with 2 firms in Thailand among 8 companies facing added scrutiny

The United States Commerce Department is deepening its probe into whether solar power companies are circumventing import tariffs, singling out some of the industry’s giants for increased scrutiny.

Bangkok Post

Biden administration to release $45B for nationwide internet

The Biden administration is taking the first steps to release $45 billion to ensure every U.S. resident has access to high-speed internet by roughly 2028

The Independent UK

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Tribune News Service

Possible new tariffs dimming outlook for Colorado’s solar industry

A federal investigation into whether China is getting around tariffs on solar panels has Colorado’s expanding solar energy industry warning of layoffs, soaring prices and lights out for new projects.

WEKU

Solar projects are on hold as U.S. investigates whether China is skirting trade rules

A federal investigation of allegations that China is illegally avoiding duties on solar panels sold to U.S. companies is putting the brakes on the nation's solar power build-out.

Tribune News Service

US inflation-adjusted consumer spending unexpectedly rose in March

U.S. inflation-adjusted consumer spending rose in March despite intense price pressures, indicating households still have solid appetites and wherewithal for shopping.

Reuters

How military technology reaches Russia in breach of U.S. export controls

By his own account, Ilias Sabirov, a Moscow businessman, had supplied Russia's military with high-performance computer chips made in the United States for years.

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The Independent UK

Asian shares jump as Chinese leaders pledge help for economy

Stocks have advanced after Chinese leaders pledged to step up efforts to support the economy

Benzinga

'Warning Sign': Experts React To Surprise 1.4% Drop In US GDP

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 2.1% on Thursday after the Commerce Department said U.S. GDP declined 1.4% in the first quarter.

Tribune News Service

US economy posts surprise contraction, belying solid consumer picture

The U.S. economy shrank for the first time since 2020, reflecting an import surge tied to solid consumer demand.

Tribune News Service

US economy posts surprise contraction with trade gap surging

The U.S. economy unexpectedly shrank last quarter, the first contraction since 2020, as a ballooning trade deficit and softer inventory growth belied an otherwise solid consumer and business demand picture.

The Independent UK

AP News Digest 3:40 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

Bangkok Post

Solar group says US trade probe will cut domestic installations in half

A US probe into whether Chinese solar-panel manufacturers are circumventing tariffs will slash expected domestic installations by 46% this year and next, according to a Washington-based advocacy group.

Bangkok Post

Biden probe into solar imports risks 65% of planned US projects

A United States Commerce Department trade probe that could result in tariffs against solar imports from Southeast Asian nations, including Thailand, is already threatening clean energy projects, according to an advocacy group fighting the investigation.

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