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The Latest Breaking News from Commerce

Space agency's GOP fans make their case to shield it from cuts - Roll Call

As House Republicans sit down to write their fiscal 2024 spending bills, some appropriators are pushing to add NASA to the protected list.

Roll Call

House votes to restore solar panel tariffs paused by Biden

The House voted Friday to reinstate tariffs on solar panel imports from several Southeast Asian countries

The Independent UK

Biden threatens veto on measure to restore solar tariffs - Roll Call

President Joe Biden issued his veto threat Monday, after the Ways and Means Committee voted last week to approve the joint resolution.

Roll Call

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Corporate registrations increase by 28% in March

The number of newly registered Thai companies rose 28% year-on-year in March, with combined registered capital skyrocketing by 1,055%, according to a Commerce Ministry report.

Bangkok Post

TikTok could get a lifeline from Big Tech as a US ban looms

U.S. tech companies are pushing to narrow the scope of legislation that could ban TikTok in the U.S., creating new obstacles as the Biden administration seeks to confront China’s influence.

Tribune News Service

Ministry details soft power initiative

The Commerce Ministry has pledged to move ahead with measures to drive the government's soft power development policy, with a focus on promoting Thai cultural products worldwide through a "5F" approach, referring to food, film, fashion, fighting and festivals.

Bangkok Post

Pat Gelsinger: China is one of Intel's 'most important markets'

The U.S. released draft rules last March that constrain subsidy recipients from expanding chip production in "countries of concern," including China.

Fortune

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US imposes export controls on companies assisting Russia's military

The U.S. Commerce Department said on Wednesday it is imposing export controls on more than two dozen companies in China, Turkey and other countries for supporting Russia’s military and defense industries.

Reuters

Democrats pitch recovery plan

The Democrat Party on Sunday unveiled its economic team with a promise to inject 1 trillion baht into the country's financial system to boost the economic recovery.

Bangkok Post

Biden administration aims to stop China, Russia from using chip funding

WASHINGTON — The U.S. Commerce Department released proposed guidelines Tuesday to prevent China, Russia, Iran and North Korea from benefiting from $52 billion in federal funding for semiconductor chip production.

Tribune News Service

TikTok Hits 150 Mln US Monthly Users, Up from 100 Million in 2020

TikTok said on Monday the short-video sharing app now has 150 million monthly active users in the United States, up from 100 million it said it had in 2020. The Chinese-owned app confirmed the figure ahead of TikTok CEO Shou Zi Chew's testimony set for Thursday before the House Energy…

Asharq Al-Awsat

Biden has big ideas for fixing child care. For now a small workaround will have to do

The administration is turning to semiconductors in the hopes of expanding affordable child care.

WEKU

Rep. Harold Rogers brings influence to appropriations role - Roll Call

Republican Rep. Harold Rogers, a longtime influential appropriator, is now chairman of the Commerce-Justice-Science spending subcommittee.

Roll Call

COVID-19 origins probe plods on with no clear resolution

WASHINGTON — Republicans are continuing the search for answers on the origins of the SARS-CoV-2 virus, but the path forward is mired in stalled investigations, classified documents and stonewalling from the Chinese government.

Tribune News Service

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The Independent UK

Biden expected to tighten rules on US investment in China

The Biden administration is close to tightening rules on some overseas investments by American companies

Tribune News Service

Biden’s FAA nominee faces military waiver challenge

WASHINGTON — Following a contentious hearing over President Joe Biden’s nominee to lead the Federal Aviation Administration, two Republicans lawmakers say they will oppose a waiver they contend is needed to allow the confirmation to move forward.

Roll Call

Biden’s FAA nominee faces military waiver challenge - Roll Call

Republicans in the House and Senate say they will oppose a waiver to allow the confirmation of President Biden’s FAA nominee to move forward.

Bangkok Post

Ministry preps mini-FTA with Shenzhen

The Commerce Ministry on Wednesday clinched a memorandum of understanding to form a deeper trade partnership through a mini-free trade agreement (mini-FTA) with Shenzhen in China, aiming to grow trade between Thailand and the southeastern metropolis by 5% to 910 billion baht in 2024.

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Al Jazeera

US govt to chip makers: Share profits if you want subsidies

The plan requires firms that want subsidies to share future profits with government and provide childcare for employees.

Tribune News Service

Commerce Department launches applications for chips funding

WASHINGTON — The U.S. Commerce Department opened applications Tuesday for $39 billion in funding for semiconductor chip manufacturing, kicking off unprecedented federal spending in the tiny component that's crucial for modern technology and vehicles.

Tribune News Service

Billions to spur US semiconductor manufacturing comes with strings attached

WASHINGTON – The Commerce Department is preparing to dole out $39 billion in semiconductor manufacturing incentives, an initiative expected to bring more factories – and jobs – to the U.S.

Tribune News Service

FCC’s spectrum auction authority nears March expiration

WASHINGTON — The top Republican and Democrat on the House Energy and Commerce Committee are working to avert a lapse next month in the Federal Communications Commission’s authority to auction spectrum as Congress seeks a more lasting plan that could pay for a number of telecommunications priorities.

The Independent UK

Commerce Dept. issuing aid to build computer chip plants

The Commerce Department is opening the application process for computer chip manufacturers to access $39 billion in government support to build new factories and expand production

Bangkok Post

Exports of rice likely to keep growing

Demand for Thai rice in the international market remains strong, with Commerce Minister Jurin Laksanawisit expecting the country's exports to potentially increase to 8 million tonnes this year.

Newsroom.co.nz

Reserve Bank would back a Commerce Commission probe into bank profits

Some retirees could face a cold and hungry winter, as costs rise and banks slow-pedal their term deposit interest rates. It's allowing the big banks to maintain high margins and send record dividends back to their Australian owners. Jonathan Milne reports.

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