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The Latest Breaking News from Commerce

Trump Tempers Auto Tariffs, Winning Cautious Praise From Industry

Trump signed an executive order to limit the impact of overlapping tariffs on automakers. He also released a proclamation that gives the industry a two-year grace period to move supply chains back to the United States and reduce "American reliance on imports of foreign automobiles and their parts."

International Business Times

Trump Signals Relief On Auto Tariffs As Industry Awaits Details

The White House said Tuesday it will soften tariffs on automakers, sparking optimism in Detroit whose car manufacturing industry has been on tenterhooks awaiting details on President Donald Trump's fast-evolving policy.

International Business Times

Brazilian meat company and a mysterious family trust among the top donors to Trump’s $239m inauguration

More than a dozen donors who gave at least $1 million to Trump’s inauguration also donated to the Biden inaugural committee

The Independent UK

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Lutnick's "5-star rating" for conflicts

“Our system was never designed for this level of conflict issues,” ethic watchdogs say

Salon

US To Impose New Duties On Solar Imports From Southeast Asia

The United States on Monday announced its intention to impose tariffs of up to 3,521 percent on solar panels from Southeast Asia, a move aimed at countering alleged Chinese subsidies and dumping in the sector.

International Business Times

Chip tariffs could be around the corner as the US starts to probe the 'effects on national security' of foreign semiconductor production

Just as cheap graphics cards are about to launch, too. They sure do know how to pick their moment.

PC Gamer

Beijing slams Trump 'blackmail' after White House document sparks confusion over '245% tariffs' on China

The US President has ordered a probe into potential new tariffs on all US critical minerals imports

Evening Standard

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Tech moguls who invested in Greenland mining also gave Trump campaign $243m: report

Troubling links tie tech money to both Greenland and Trump. The tech industry desperately needs the rare earth minerals on the island, while Trump repeatedly threatens to take over the territory

The Independent UK

Steve Bannon wants nearly ‘unmitigated disaster’ Commerce Secretary Lutnick yanked off media

Commerce Secretary Howard Lutnick has gushed about the coming glory days when ‘millions’ of Americans will soon be screwing screws into cell phones thanks to Trump tariffs

The Independent UK

Trump’s tariff policy is like Debashish Mohanty’s swing – unpredictable and accidental

Any minute now I'm expecting all hell to break loosePeople are crazy and times are strangeI'm locked in tight, I'm out of rangeI used to care, but things have changed.– Bob Dylan, Things Have Changed, Wonder BoysMaine revolver pehli baar uthaya hai…lekin itna jaanta hoon ki trigger dabane se goli…

Newslaundry

Trump Escalates Trade Fight With China, Citing National Security Concerns Over Chips

Trump plans new semiconductor tariffs on China, citing national security and pushing for U.S. chip production.

Latin Times

Bad news — iPhone tariff exemption is only temporary according to US Commerce Secretary

You thought iPhones would be saved from tariff-induced price hikes? Apparently you (and we) were wrong.

Tom’s Guide

Trump Tariff Exemption for Phones, Laptops Only Temporary: POTUS Wants Them 'to Be Built in America'

The Commerce Secretary has revealed that the current exemption on Trump's tariffs is only temporary and will come back soon.

International Business Times

Commerce Secretary Howard Lutnick says tariff exemption on electronic devices is temporary and semiconductor duties will come in ‘a month or two’

Lutnick referred to the new tariffs as “duties on semiconductors,” but they will span across other tech imports.

Fortune

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Euronews

US Commerce Secretary says tariff exemptions on electronics and pharmaceuticals are temporary

The Trump administration late on Friday said it would exclude electronics like smartphones and laptops from reciprocal tariffs, a move US Secretary of Commerce Howard Lutnick said would not be permanent.

The Independent UK

Howard Lutnick says tariffs on smartphones ‘coming soon’ after Apple gets China reprieve

Howard Lutnick says tech exemptions will end within two months after investors celebrate tariff relief

Evening Standard

EU-US negotiations ‘likely’ – Simon Harris

Ireland’s deputy premier met with US commerce secretary Howard Lutnick in Washington DC on Wednesday.

International Business Times

Art Of The Deal? How Trump Backed Down On Tariffs

It ended not with a bang, but with US President Donald Trump and two top aides writing a social media post.

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Reason

Milton Friedman's Warning to DOGE

The Nobel Prize-winning economist says the Iron Triangle of Politics must be defeated to cut down the government for good.

Al Jazeera

Penguins, vaccines: Can negotiations save Trump’s oddest tariff targets?

Barely inhabited islands, countries the US enjoys a trade surplus with, and a tariff formula that isn’t about tariffs.

The Independent UK

Wall Street gets its Trump wake-up call

Analysis: Wall Street is freaking out about Trump’s trade war. But it was always in plain sight

Fortune

Howard Lutnick says he hopes Trump's tariffs will eliminate China's 'army of millions and millions of human beings screwing in little, little screws to make iPhones' so they can be built in America by robots

The Commerce Secretary said the U.S. government would “protect” companies that “invest in America.”

International Business Times

'This Is Not What We Voted For': Bill Ackman Urges 90-Day Tariff Pause To Prevent Economic Crisis

Billionaire hedge fund investor Bill Ackman suggested that Trump consider a temporary break from the tariff strategy—a "90-day timeout"—to negotiate better trade deals to solve the "asymmetric tariff deals and induce trillions of dollars of new investment in our country."

International Business Times

Commerce Secretary Ridiculed For Urging Americans To 'Trust Trump' Because He 'Knows What He's Doing': 'He Can't Even Run A Casino'

Howard Lutnick defended Trump amid stock market turmoil, urging Americans to "trust Trump" to handle the economy despite his history of business bankruptcies.

Latin Times

Commerce Secretary Ridiculed For Urging Americans to 'Trust Trump' Because He 'Knows What He's Doing': 'He Can't Even Run a Casino'

Howard Lutnick defended Trump amid stock market turmoil, urging Americans to "trust Trump" to handle the economy despite his history of business bankruptcies.

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