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The Latest Breaking News from Commerce

China opposes semiconductor bill because it will give U.S. advantage -U.S. commerce chief

U.S. Commerce Secretary Gina Raimondo said Wednesday the Chinese government opposes an effort in Congress to ramp up U.S. semiconductor manufacturing because it will give the United States more of a competitive punch.

Reuters

Raimondo: Inquiry on solar imports follows the law

Commerce Secretary Gina Raimondo pushed back forcefully Wednesday against critics — including some within the Biden administration — who say a government investigation of solar imports from Southeast Asia is hindering President Joe Biden’s ambitious climate goals

The Independent UK

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.

WEKU

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State to let some prices rise, minister concedes

Commerce Minister Jurin Laksanawisit has admitted that certain products will be allowed to increase their prices because of higher oil costs, which directly affect production costs and transport fees.

Bangkok Post

Jurin's fruit campaign to encourage Thai consumption

The Commerce Ministry is beefing up fruit promotion campaigns to stimulate domestic consumption and offset lower exports of the food, which are being hit hard by the ongoing closure of China's key border checkpoints.

Bangkok Post

Ministry to host Apec trade talks

The Commerce Ministry is set to host Asia-Pacific Economic Cooperation (Apec) trade ministers in Bangkok, with renewed talks on the long-delayed Free Trade Area of the Asia-Pacific (FTAAP) and open economies topping the agenda.

Bangkok Post

Biden Officials Split on Easing China Tariffs to Slow Inflation

The Biden administration is split on whether to pare back tariffs on imports from China in an effort to cut consumer costs and reduce inflation, as the White House gives renewed consideration to a step that has divided officials.

Bangkok Post

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Food price solutions a priority

Food prices are on the rise everywhere in the world. In Thailand, prices of limes have been at historical highs for months, now as much as 10 baht each in wet markets. Instant noodle makers want to hike their prices by up to 20% as raw material costs have surged,…

Bangkok Post

Jurin puts brake on instant noodle price hike

Commerce Minister Jurin Laksanawisit on Thursday blocked an attempt to raise instant noodle prices on the back of higher production costs driven by a hike in global oil prices.

Bangkok Post

Rapper seen as crucial for mango exports

The Commerce Ministry looks set to capitalise on the popularity of Danupha "Milli" Khanatheerakul to boost shipments of Thai fruit and food.

Bangkok Post

Services exports touched all-time high at $250 billion in FY22: Piyush Goyal

NEW DELHI: Commerce and industry minister Piyush Goyal on Wednesday said services exports touched an all-time high of around $250 billion (about Rs 19 lakh crore) in 2021-22.

The Times of India

India, EU to restart talks for trade pact in June

NEW DELHI: India and the 27-nation European Union (EU) will restart negotiations for their long-pending free trade agreement from June, a top official said on Wednesday.

The Times of India

EAM Jaishankar meets USTR Katherine Tai, Commerce Secretary Gina Raimondo

EAM Jaishankar and USTR Katherine Tai took stock of India-U.S. trade ties, discussed the implications of the Russia-Ukraine war on global trade and the Indo-Pacific Economic Framework

The Hindu

Efta free-trade talks edge closer

The Commerce Ministry will seek cabinet endorsement for a proposed negotiation framework for a free-trade agreement (FTA) with the European Free Trade Association (Efta) following a recent public hearing on the matter.

Bangkok Post

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Asharq Al-Awsat

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…

Benzinga

US Takes Enforcement Actions Against Russian Airlines On Export Violations

The U.S. Commerce Department issued orders denying the export privileges for Aeroflot, Azur Air, and UTair, stating that the three Russian airlines violated American export controls imposed on Russia in the wake of the Ukraine war. The decision comes after the U.S. identified more than 170 Boeing Co (NYSE:BA) planes used by Russian airlines…

Bangkok Post

Food processors urge tariff waiver on metals

Thai food processors and the Thai Chamber of Commerce have called for an extension of anti-dumping (AD) duty waivers on tin plate and tin-free steel, used widely in canned food, for at least six months to help offset the impact of rising steel prices and their production costs.

Bangkok Post

US solar panel probe draws protest from ministry

The Commerce Ministry is preparing to protest against a US investigation that could result in tariffs on solar panels imported from four Southeast Asian nations including Thailand.

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The Times of India

Commerce ministry relooking at processes to rejig way of working, says Piyush Goyal

DUBAI: Commerce and industry minister Piyush Goyal on Tuesday said his ministry is relooking at the processes and rejigging its current way of working and serving businesses and exporters.

The Independent UK

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

Bangkok Post

Ministry sees 15% rise in fruit exports

The Commerce Ministry is upbeat about fruit export prospects, predicting outbound shipments to grow by 15% this year while pledging to speed up tackling existing export obstacles and promoting sales via advance contracts.

Bangkok Post

Ministry vows to tackle surging feed meal prices

The Commerce Ministry pledges to address feed meal prices, which are surging because of the Russia-Ukraine conflict.

Reuters

New U.S.-U.K. trade deal cuts tariffs on British steel, American motorcycles, bourbon

The United States and Britain ended a four-year dispute over U.S. steel and aluminum tariffs on Tuesday, pledging to work together to counter China in a deal that also removes retaliatory tariffs from U.S. motorcycles, whiskey and other products.

Reuters

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.

Axios

Commerce Secretary Gina Raimondo has become tech's favorite Biden official

She's become a key advocate for tech interests in an administration full of industry critics.

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