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The Latest Breaking News from Commerce Department

U.S. targets seven Belarus national carrier planes for violating export controls

The U.S. Commerce Department on Thursday confirmed it had identified seven Boeing 737 Planes operated by Belarusian national carrier Belavia that are in apparent violation of U.S. export controls.

US Bans Exports to Three Russian Airlines for Sanctions Violations

US Bans Exports to Three Russian Airlines for Sanctions Violations

The US government has banned exports to Russian state airline Aeroflot as well as two other carriers for flying aircraft in violation of sanctions, the Commerce Department said Thursday. Washington warned last month that the carriers had gone against penalties imposed on Moscow over its invasion of Ukraine by flying…

Asharq Al-Awsat

US moves to choke off exports to 3 Russian airlines

US moves to choke off exports to 3 Russian airlines

The Biden administration is moving to choke off U.S. exports to three Russian airlines as part of what officials described as an unprecedented enforcement action

The Independent UK

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Asian stocks fall after China manufacturing weakens

Asian stock markets are lower after Chinese manufacturing weakened and Russian shelling around Ukraine’s capital shook hopes of progress in peace talks

The Independent UK

Vietnamese carmaker to build electric vehicles in N Carolina

A Vietnamese automaker has announced plans to build a plant in North Carolina to manufacture electric vehicles, promising to bring 7,500 jobs

The Independent UK

US to consider tariffs on solar imports from Thailand, 3 other SE Asian countries

US trade officials on Monday said they will launch an investigation that could result in tariffs on solar panels imported from four Southeast Asian nations, a blow to clean energy project developers that rely on cheap imports to keep costs down.

Commerce inquiry imperils solar industry, advocates say

The Commerce Department says it is investigating whether imports of solar panels from Southeast Asia are circumventing anti-dumping rules that block imports from China

The Independent UK

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U.S. targets Abramovich plane, 99 others over Russia export violations

U.S. targets Abramovich plane, 99 others over Russia export violations

The U.S. Commerce Department on Friday moved to effectively ground 100 airplanes that have recently flown to Russia and are believed to violate U.S. export controls, including a plane used by Russian businessman Roman Abramovich.

Trade probe of solar imports from Thailand, 3 other countries poses threat to US projects

Trade probe of solar imports from Thailand, 3 other countries poses threat to US projects

A potential Commerce Department probe of solar imports from Southeast Asia has the potential to freeze investment in the United States, industry leaders warned on Tuesday.

U.S. speeds licensing for gun, ammunition shipments to Ukraine

U.S. speeds licensing for gun, ammunition shipments to Ukraine

The United States is rapidly processing requests from Americans to export firearms and ammunition to Ukraine, the U.S. Commerce Department said on Wednesday.

Biden hits Russia with tough export curbs, slashing access to global tech

Biden hits Russia with tough export curbs, slashing access to global tech

The Biden administration announced sweeping export restrictions against Russia on Thursday, hammering its access to global exports of goods from commercial electronics and computers to semiconductors and aircraft parts.

US economy grows 5.7%

US economy grows 5.7%

The United States economy expanded 5.7% in 2021, marking the best one-year performance since 1984 and underscoring the recovery from a coronavirus pandemic-induced economic downturn, data from the Commerce Department showed Thursday.

2021 economy boomed at fastest rate in 37 years

2021 economy boomed at fastest rate in 37 years

New GDP numbers from the Commerce Department show a remarkable acceleration in economic activity.

US warns of chip shortage risks as companies' supplies shrink

US warns of chip shortage risks as companies' supplies shrink

The United States has warned that companies' stockpiles of semiconductor chips have shrunk dramatically due to a global supply shortage, putting production at risk from any disruption. A survey of 150 firms for the Commerce Department found the median stocks held by manufacturers had fallen from 40 days' worth in…

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Why Are Alibaba Shares Trading Lower Premarket?

The U.S. government is reviewing e-commerce giant Alibaba Group Holding Ltd's (NYSE:BABA) cloud business to determine whether it poses a risk to U.S. national security, Reuters reports. The U.S. focuses on how Alibaba stores U.S. clients' data, including personal information and intellectual property, and whether the Chinese government could gain access to it. …

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