The president said he would pause a 25 percent tariff on cars coming from Canada and Mexico under a trade pact for one month, while other levies stay in place.
Category: Commerce Department
Howard Lutnick, Trump’s Commerce Nominee, Discloses Business Interests
Howard Lutnick disclosed details of complex financial interests, holding at least $800 million in assets.
Biden Targets China’s Chip Industry With Wider Trade Bans
New rules prohibit the sale of certain types of chips and equipment to China, in an effort to close loopholes and cement the Biden administration’s legacy in countering the U.S. rival.
Biden Administration Proposes Ban on Chinese Software in Vehicles
Federal officials acknowledged that few Chinese vehicles were on U.S. roads now, but said that the administration wanted to take proactive measures to strengthen national security.
GDP Gain in First Quarter Revised Downward in U.S.
Consumers eased up on spending in the face of rising prices and high interest rates, Commerce Department data shows.
U.S. Economy Grew at 3.3% Rate in Latest Quarter
The increase in gross domestic product, while slower than in the previous period, showed the resilience of the recovery from the pandemic’s upheaval.
U.S. Awards Chip Supplier $162 Million to Bolster Critical Industries
The Biden administration said its second grant under a new program would help Microchip Technology expand its facilities in Oregon and Colorado.
Executive Order on A.I. Tries to Balance Technology’s Potential and Peril
President Biden announced regulations on Monday that seemed to have a little bit for everyone.
U.S. Tightens China’s Access to A.I. Chips
The further limits on shipments could cripple Beijing’s A.I. ambitions and dampen revenues for U.S. chip makers, analysts said.
China Is Full of Risk For U.S. Companies
Doing business in China, once seen as a can’t-miss opportunity, poses a troubling dilemma: Reasons to stay can be as compelling as the reasons to retreat.