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The Latest Breaking News from Commerce

70% of small businesses say tariffs are already increasing costs, despite Trump’s team assurances they are not

A recent HSBC survey found that over 70 percent of US small and mid-sized businesses are facing higher costs due to tariffs.

The Independent UK

Trump Official Insists 'There Is No Pain' From Tariffs. His Audience Immediately Calls Him Out

Billionaire-turned-Commerce Secretary Howard Lutnick repeatedly claimed Americans aren't feeling the impact of Trump's tariffs until audience members pushed back at an Axios event Wednesday.

Latin Times

Howard Lutnick says Trump’s tariffs won’t raise prices (despite Walmart, Nike and others saying they are)

‘I would expect that prices in America will be unaffected,’ Commerce Secretary says

The Independent UK

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S&P Futures Gain With All Eyes on U.S.-China Trade Talks, Fed Speak on Tap

June S&P 500 E-Mini futures (ESM25) are trending up +0.32% this morning as investors pin their hopes on trade negotiations between Washington and Beijing.

Barchart

Commerce Secretary Howard Lutnick gloats about baffling UK trade deal

American consumers are still going to be hit with higher prices from Trump’s 10 percent tariffs on British products

The Independent UK

Trump Admin Official Criticizes Canada's 'Socialist Regime' Ahead of New Prime Minister's White House Meeting

Commerce Secretary Howard Lutnick called the Canadian government a "socialist regime" ahead of the meeting between Donald Trump and Prime Minister Mark Carney

Latin Times

Democratic senators press Trump administration on how it will protect endangered species

Three Democratic U.S. senators are asking the Trump administration to explain how it analyzed a proposed rule to eliminate habitat protections for endangered and threatened species — and whether industry had a hand in drafting it

The Independent UK

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Should Sharing Information About Israeli Businesses Get You 20 Years in Prison?

The IGO Anti-Boycott Act would dramatically expand U.S. anti-boycott laws. The House quietly postponed a vote after running into unexpected Republican opposition.

Reason

Commerce Secretary Howard Lutnick says Trump’s tariffs will create ‘great jobs of the future’—fixing factory robots. Experts disagree

The plan to resurrect the industrial boom of the early 20th century has long odds of succeeding, Rutgers professor Eric Blanc said.

Fortune

U.S. Secretary of Commerce says the ‘new model’ is factory jobs for life—for you, your kids, and your grandkids

“This is the new model, where you work in these plants for the rest of your life, and your kids work here, and your grandkids work here,” U.S. Secretary of Commerce Howard Lutnick says.

Fortune

Lutnick says someone asked him for 10 Trump immigration cards: ‘That’s $50m for dinner. So it’s paying for my dinner’

Commerce secretary says sales of gold cards make him ‘very popular’

The Independent UK

Commerce Secretary says US is close to first tariff deal, days after Trump bragged he already had 200 deals

Commerce Secretarty Howard Lutnick says he has a deal done but won’t name the country

The Independent UK

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

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The Independent UK

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

Salon

Lutnick's "5-star rating" for conflicts

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

International Business Times

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.

PC Gamer

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.

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Evening Standard

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

The Independent UK

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

Newslaundry

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…

Latin Times

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.

Tom’s Guide

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.

International Business Times

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.

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