The Latest Breaking News from Commerce Department

Commerce pick Lutnick defends tariffs, funding freeze - Roll Call

Howard Lutnick, Trump’s pick for Commerce Department head, told senators Wednesday he'll crack down on those who treat the U.S. “horribly.”

Roll Call · Jan 29, 2025

Commerce oversees everything from weather and salmon to trade and census − here are 3 challenges awaiting new secretary

The U.S. secretary of commerce oversees the smallest but arguably most complex of all Cabinet-level departments.

The Conversation · Jan 28, 2025

US Tightens Controls On Advanced Chips To Curb Flow To China

The United States unveiled further export controls Wednesday on advanced computing semiconductors, boosting due diligence requirements for businesses as it seeks to prevent diversion of tech to China despite existing restrictions.

International Business Times · Jan 15, 2025

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 · Dec 18, 2024

US Firms Up $6.2 Bn Micron Funding To Boost Chipmaking

US President Joe Biden's administration finalized nearly $6.2 billion in funding for Micron Technology on Tuesday, firming up a deal to boost domestic semiconductor production before Donald Trump returns to the White House.

International Business Times · Dec 10, 2024

US Trade Deficit Narrows In October As Imports Fall

The US trade gap narrowed more than expected in October, government data showed Thursday, as imports slipped more than exports.

International Business Times · Dec 5, 2024

China stacked the deck against Augusta-made golf carts. Here’s what America did about it

"We’re glad to see the U.S. Department of Commerce take a stand for American manufacturers and workers."

USA Today Sports Media Group · Dec 3, 2024

US Unveils Fresh Export Curbs Targeting China's Chip Sector

The United States announced new export restrictions Monday taking aim at China's ability to make advanced semiconductors -- used in weapon systems and artificial intelligence -- as competition deepens between the world's two biggest economies.

International Business Times · Dec 2, 2024

US economy grows at 2.8% pace in third quarter on consumer spending, unchanged from first estimate

The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth

The Independent UK · Nov 27, 2024

Trump's Tariffs Are Already Creating Jobs—in Lobbying

The president-elect's first term turned lobbying into a growth industry, and he looks poised to do it again.

Reason · Nov 27, 2024