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The Latest Breaking News from the Commerce Department

Tariffs Near 107 Percent Threaten to Pull Italian Pasta Brands From American Shelves

The Commerce Department’s new antidumping duties could double the cost of imported Italian pasta—hurting consumers more than producers.

Reason

Trump tariffs on pasta could soon top 100 percent: ‘Double the price’

‘I believe this is totally inappropriate, because Italy and America are brothers. It is an excuse not to let Italian products in,’ says one pasta maker

The Independent UK

Quantum Stocks Are Trading Higher Monday: What's Going On?

Quantum stocks are trading higher Monday following recent reports indicating the Trump administration is in talks to take equity stakes in quantum-computing firms.

Benzinga

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Why higher tariffs on Canadian lumber may not be enough to stimulate long-term investments in US forestry

Lumber, especially softwood lumber like pine and spruce, is critical to U.S. home construction. Its availability and price directly affect housing costs and broader economic activity in the building sector. The U.S. imports about 40% of the softwood lumber the nation uses each year, more than 80% of that from…

The Conversation

Trump's 100 Percent Chip Tariff Could Make It More Expensive To Build More Semiconductors in the U.S.

Trump exempted imported chips from his reciprocal tariffs in April. Now he's threatening them with 100 percent rates.

Reason

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

The Independent UK

Trump warns that he will soon announce ‘fairly substantial’ chip tariffs — chip companies investing in the US will be spared the brunt of the tariffs

The president said that his administration will 'very shortly' impose a 'fairly substantial' tariff on imported semiconductors from companies that are not making chips in the United States.

Tom’s Hardware

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Dumbbells, bulldozers and flatware: Some US companies are begging Trump to add their products to his tariff lists

Companies that manufacture American-made goods see opportunity in new taxes on competitors’ imports

The Independent UK

Cynthia Lummis Says Publishing US GDP Data On Blockchain Is A 'Historic Move' — Thanks Trump, Lutnick For Leadership

Cryptocurrency supporters hailed on Thursday the U.S. government's move to post GDP numbers on several blockchain platforms.

Benzinga

Boost for Trump as US growth revised higher in Q2

The US economy rebounded this spring from a first-quarter downturn caused by fallout from President Donald Trump's trade wars.

Euronews

U.S. gov't seizes $7.4 billion semiconductor research fund created under Biden admin, calling it 'illegal' — Lutnick says fund 'served as a semiconductor slush fund that did nothing but line the pockets of Biden loyalists with American tax dollars'

The US Commerce Department of the Trump administration has pulled back billions of dollars in funding for a non-profit aimed at promoting US chip design and fabrication, suggesting that its appointment under the Biden administration somehow made it inappropriate for distributing taxpayer funds.

Tom’s Hardware

Trump's Steel Tariffs Now Apply to Milk and Hundreds of Other Products That Aren't Steel

It makes little sense, but that's what happens when you give the president unchecked, unilateral tariff powers.

Reason

Trump says undocumented immigrants will not be counted in new US Census

US president says he directed the Commerce Department to immediately work on a ‘new and highly accurate’ survey.

Al Jazeera

Alleged 3-person smuggling operation accused of shifting tens of millions of dollars’ worth of AI chips to China potentially faces up to 20-year prison sentence

The defendants allegedly received $1 million payments from China-based companies.

PC Gamer

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Tom’s Hardware

Nvidia H20 GPUs reportedly caught up in U.S. Commerce Department's worst export license backlog in 30 years — billions of dollars worth of GPUs and other products in limbo due to staffing cuts, communication issues

The U.S. Commerce Department is so behind on approving export licenses that billions of dollars worth of GPUs and other products are stuck in limbo waiting to be shipped, in the worst case of license stalling in over 30 years.

Tom’s Hardware

Nvidia seeks extra 300,000 H20 GPUs to meet China's surging AI demand — places order with TSMC to meet unexpectedly strong interest

Nvidia has ordered 300,000 H20 GPUs from TSMC as Chinese demand surges, despite political backlash over national security risks. The U.S. still hasn’t approved export licenses, but Nvidia aims to retain its foothold in China’s AI market, where rivals like Huawei are gaining ground.

Benzinga

Trump Administration Weighs 'Paradigm Shift' In Patent System To Raise Billions In Revenue: Report

The Trump administration is contemplating a significant revamp of the U.S. patent system, which could potentially generate tens of billions of dollars in revenue.

Fortune

Enterprise Products: Trump “weaponizing” ethane exports to China backfires against U.S.

About half of all ethane exports go to China to feed its petrochemical manufacturing industry.

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Benzinga

First Solar, Other US Solar Firms Urge Trump Administration To Impose Tariffs On Solar Cell Imports From Indonesia, India, Laos

A group of U.S. solar panel manufacturers has called on the Commerce Department to impose tariffs on imports from Indonesia, India, and Laos. The manufacturers allege that these countries are saturating the market with low-cost goods.

Reason

The U.S. Would Need To Plant Up to 250,000 More Acres of Tomatoes To Replace Those Imported from Mexico

According to one analyst, the U.S. would need between 42,000 and 250,000 more acres growing tomatoes to replace Mexican imports.

The Independent UK

US imposes a 17% duty on fresh Mexican tomatoes in hopes of boosting domestic production

The U.S. government says it's placing a 17% duty on most fresh Mexican tomatoes after negotiations ended without an agreement to avert the tariff

The Texas Tribune

Texas lawmakers urge Trump to extend tomato trade agreement with Mexico

The 1996 agreement is set to expire Monday, which could raise the price of Mexican tomatoes and threaten thousands of Texas jobs.

The Independent UK

Trump appointees have ties to companies that stand to benefit from privatizing weather forecasts

Downsizing at the National Weather Service appears to be part of an effort by Republicans to privatize such agencies

Fortune

Consumers saw a double whammy of bad news in May, pulling back on spending as inflation heated up

The economic bad vibes are hitting home.

The Independent UK

Key inflation gauge rose last month while Americans cut back on spending

A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back on their spending

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