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The Latest Breaking News from Howard Lutnick

Why Washington Wants Half Of America's Chips Made Locally

Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) stock gained on Monday amid renewed geopolitical and supply chain discussions, as the United States intensifies its efforts to onshore semiconductor production.

Benzinga

US Commerce head notes China 'isn't even shy' about its goal to 'take' Taiwan, says US-Taiwan tariff deal coming soon — goal is to have 40% of chips made in America

Commerce Secretary Howard Lutnick said Saturday that a major semiconductor deal with Taiwan was coming “pretty soon,” signaling a potential breakthrough in U.S. efforts to shore up domestic chip production.

Tom’s Hardware

Trump Will 'Forgive' But Not Forget Elon Musk's 'Negativity,' Says Howard Lutnick: 'I Don't Think The President...'

Commerce Secretary Howard Lutnick said President Donald Trump might "forgive" Elon Musk but won't forget the "negativity" surrounding his exit from government ties.

Benzinga

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Simon Harris to meet US commerce secretary in Washington DC

Ireland’s Foreign Affairs Minister is also due to officially open a new Irish embassy in the US capital.

The Independent UK

What to know about Trump’s new $100,000 H-1B visa fee

White House proclamation announcing new visa fees has prompted questions and confusion – here’s what to know

The Guardian - US

Trump's immigration crackdown could stunt his blockbuster economic aims

Corporations will now have to pay a $100,000 fee to apply for H-1B visas.

Axios

Microsoft reacts to President Trump's shocking $100K H-1B visa fee — "creating anxiety and uncertainty"

It was a frantic weekend for Microsoft following Trump's $100,000 H-1B visa fee announcement, but some of the concern was unfounded due to confusing guidance. Here's what we know so far.

Windows Central

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Trump Halts US Steel Plant Closure Using 'Golden Share' Authority: Report

President Donald Trump has exercised his administration’s “golden share” authority to prevent the shutdown of a U.S. Steel plant in Granite City, Illinois.

Benzinga

US says $100,000 fee for H-1B visas will not apply to existing holders

As Trump’s order stirs anxiety, White House says the fee applies to new applicants and will be levied per application.

Al Jazeera

Trump is already wielding his 'golden share' authority at U.S. Steel, overriding the company’s plans for an Illinois plant, report says

This marks the latest move by the administration to exert power over private industry.

Fortune

White House Says $100,000 H-1B Visa Fee To Be One-time Payment

The White House issued a major clarification Saturday to its new H-1B visa policy that had rattled the tech industry a day earlier, saying a $100,000 fee will be a "one-time" payment imposed only on new applicants.

International Business Times

India expresses concern about Trump plan to hike fees on H-1B visas that bring tech workers to US

The Indian government expressed concern Saturday about President Donald Trump’s latest push to upend American immigration policy, dramatically raising the fee for visas that bring tech workers from India and other countries to the United States

The Independent UK

Trump news at a glance: president hikes H-1B visa cost to $100,000 a year as aide tells firms to ‘train Americans’

Decision could be major blow to tech industry, but commerce secretary says ‘all of the big companies are on board’

The Guardian - US

US To Impose $100,000 Annual Fee On H-1B Visas As Analysts Warn Trump Risks 'Taxing Away' America's Innovation Edge

On Friday, the Donald Trump administration said it would require companies to pay $100,000 per year for each H-1B visa, a dramatic increase that could reshape tech hiring and trigger broader consequences for the U.S. position in the global artificial intelligence race.

Benzinga

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The Guardian - US

Trump signs proclamation imposing annual $100,000 fee on H-1B visas

Move deals potentially major blow to US tech industry, which relies heavily on workers from India and China

PC Gamer

The Trump administration may have had a hand in the Nvidia/Intel partnership, whether directly or indirectly, despite Jensen's claims to the contrary

An artful deal, perhaps?

Evening Standard

UK students lack entrepreneurial drive, says Business Secretary

The US commerce chief said America will ‘take care of the United Kingdom’ during talks to mark Nvidia’s UK deal.

Evening Standard

Trump confused Armenia with Albania and claimed not to know Mandelson

The US president appeared alongside Prime Minister Sir Keir Starmer at Chequers for a press conference to round off his state visit to Britain.

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The Independent UK

Experts independently resurrect Census Bureau advisory committee axed by Trump administration

A U.S. Census Bureau advisory committee disbanded by the Trump administration has reconstituted itself

Benzinga

Trump Admin's Intel Stake Could Create 'Unintended Inefficiencies' In Global Chip Industry, Warns Fitch

The U.S. government’s recent investment in Intel Corp. (NASDAQ:INTC) could lead to unintended inefficiencies in the global semiconductor industry, according to a report by Fitch Ratings.

Benzinga

Trump Wants Fannie Mae, Freddie Mac Shares To Rise Before 'Largest IPO of All Time,' Says Bill Ackman: The President 'Likes To See Stocks Soar'

Billionaire investor Bill Ackman said that President Donald Trump’s administration is working to lift shares of the Federal National Mortgage Association (OTC:FNMA), or Fannie Mae, and the Federal Home Loan Mortgage Corp. (OTC:FMCC), or Freddie Mac, ahead of what could be “the largest IPO of all time.”

Benzinga

Swatch To Raise US Watch Prices By Up To 15%, Unveils Satirical 'WHAT IF...TARIFFS?' After Trump's 39% Tariffs On Swiss Imports

In response to the 39% tariff imposed by President Donald Trump on Swiss imports, Swatch Group (OTC:SWGAY) has announced a price increase of 5% to 15% for its products in the United States.

Benzinga

Elon Musk's Two-Word Response, Trump Administration's Patent Share, Palantir CEO's China Warning And More: This Week In Politics

It’s been an eventful week, with some of the most influential figures in the business world making headlines. Here’s a quick recap of the top political stories you might have missed.

Benzinga

Howard Lutnick Says Elon Musk Got DOGE 'Backward,' Focused On Firing Instead Of Cutting Government Waste

On Friday, Commerce Secretary Howard Lutnick criticized Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's leadership of the Department of Government Efficiency or DOGE, saying the billionaire prioritized firing workers over slashing waste, fraud and abuse, undermining the initiative's original mission.

Axios

Exclusive: Musk got DOGE's mission "backward," Lutnick says

DOGE's savings are a fraction of what was promised, and many dispute even those numbers.

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