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The Latest Breaking News from Commerce Department

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 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

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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inkl

Mortgage Rates Rise The Most In 2 Years As Fed Steps-Up Inflation Fight: New Home Sales Slide

The Fed's inflation fight has lifted U.S. mortgage rates to the highest levels in two years, and with more hikes on tap, the cost of buying a home will continue to rise.

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.

U.S. Retail Sales Slow Sharply In February As Inflation, Sentiment Hit Spending

The fastest inflation in forty years, as well as fading consumer sentiment linked to Russia's war on Ukraine, looks to have hit February retail sales growth.

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.

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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.

Retail Sales Soar In January Amid Car Demand, Inflation Surge; December Revised Lower

Retail Sales Soar In January Amid Car Demand, Inflation Surge; December Revised Lower

Surging inflation lifted the dollar amount of January retail sales, while car and auto parts demand helped the headline figure to its biggest jump in ten months.

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.

The Chip Shortage is Even Worse Than Biden Thinks

The Chip Shortage is Even Worse Than Biden Thinks

The supply of chips that power and move Americans has never been tighter, according to a U.S. Commerce Department report. Is a Strategic Chip Reserve on the way?

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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US firms have only few days supply of semiconductors: govt

Washington (AFP) - American companies have an average of less than five days worth of semiconductors on hand, a level leaving them vulnerable to production shutdowns if supply is disrupted, the Commerce Department said Tuesday.

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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