The Latest Breaking News from the Commerce Department

Lutnick's "5-star rating" for conflicts

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

Salon · Apr 24, 2025

New 21% Tariff Will Make Fresh Tomatoes More Expensive

Trump hopes you like tomato sauce!

Reason · Apr 16, 2025

US Retail Sales Climb 1.4% In March, Fueled By Auto Buys

Retail sales climbed 1.4% in March, surpassing the modest February's 0.2% uptick, according to the Commerce Department. On an annual basis, sales were up 4.6%, with the figures adjusted for seasonal fluctuations.

International Business Times · Apr 16, 2025

Michael Grimes, Star Banker Behind Musk's Twitter Buyout, To Lead Sovereign Wealth Fund: Reports

Michael Grimes has reportedly been recruited to lead the sovereign wealth fund being pushed by U.S. President Donald Trump – he is known as a key dealmaker in the investment realm and also for his role in Elon Musk's acquisition of Twitter.

International Business Times · Mar 6, 2025

White House to overhaul $42.5bn Biden-era internet plan – probably to Elon Musk’s advantage

Billionaire cost-cutter’s Starlink service the likely beneficiary of Trump plan to alter rural internet program

The Guardian - US · Mar 5, 2025

Census Bureau under Trump cuts loose expert advisors who work for free

The U.S. Census Bureau has eliminated outside advisory committees of demographers, statisticians and advocacy group leaders who provided technical guidance and expertise

The Independent UK · Mar 4, 2025

Last year, GDP expanded by 2.8% and the private sector added 1.5 million jobs—but Trump’s Treasury secretary claims that growth was ‘brittle underneath'

Scott Bessent said the private sector “has been in a recession.”

Fortune · Mar 4, 2025

Trump Launches Probe Into Alleged Lumber Dumping In The U.S.

If the investigation confirms evidence of dumping, the president has the authority to implement retaliatory measures, such as imposing quotas and tariffs.

International Business Times · Mar 2, 2025

Trump is reportedly planning a Postal Service takeover. The White House denies any such executive order is in the works

The president is expected to sign an executive order that would fire the governing board of the U.S. Postal Service and leave the agency to the Commerce Department and secretary Howard Lutnick, per reports.

Fortune · Feb 21, 2025

White House denies Trump is moving to take over Postal Service despite reports of looming executive order

The 250-year-old independent agency could soon be absorbed by the Commerce Department, according to a report

The Independent UK · Feb 21, 2025