News list for " Department of Commerce"
On September 16, according to Reuters, the U.S. Commerce Department said on Tuesday that it will consider industry requests to impose tariffs on more imported auto parts in the coming weeks on national security grounds. In May, Trump imposed a 25% tariff on imported cars and auto parts worth more than $460 billion a year, but an agreement has since been reached to reduce tariffs on some countries. The U.S. Commerce Department said on Monday that domestic producers of cars or auto parts, or any i...
The U.S. government is in talks with Intel (INTC. O) about replacing subsidies in the Chip and Science Act with a shareholding, Commerce Secretary J.K. Lutnik confirmed. Mr. Lutnik said on Tuesday that the plan would not give the U.S. government governance or voting rights in the company. He attacked the chip bill signed by former President Joe Biden, saying it provided subsidies to semiconductor makers without allowing the United States to pay for them.
On July 9, according to the Washington Post, US Commerce Secretary Howard Lutnik said in an interview with the US Consumer News and Business Channel (CNBC) on the 8th local time that the US delegation is expected to meet with Chinese officials next month to discuss trade issues. According to Lutnik, the members of the US delegation also include Treasury Secretary Scott Bescent and US Trade Representative Jamison Greer.
According to the Washington Post, US Commerce Secretary Howard Lutnik said in an interview with the US Consumer News and Business Channel (CNBC) on the 8th local time that the US delegation is expected to meet with Chinese officials next month to discuss trade issues. According to Lutnik, the members of the US delegation also include Treasury Secretary Scott Bessant and US Trade Representative Jamison Greer. (Global Network)
BMW, Mercedes-Benz and Volkswagen are in talks with the U.S. Commerce Department on tariffs, with the goal of reaching an agreement in early July, according to a report in Handelsblatt, Germany, citing sources. It is reported that the three automakers are working with the United States to develop a mechanism to offset the impact of imports and exports. BMW, Mercedes-Benz and Volkswagen are considering investing billions of dollars in the United States as part of a potential tariff deal, sources ...
On February 4th, the Ministry of Commerce issued the "Announcement of the Working Mechanism for the List of Unreliable Entities on Adding the US PVH Group and Inmeina Company to the List of Unreliable Entities". In order to safeguard national sovereignty, security and development interests, in accordance with the Foreign Trade Law of the People's Republic of China, the National Security Law of the People's Republic of China, the Anti-Foreign Sanctions Law of the People's Republic of China and ot...
On January 2nd, in accordance with the relevant provisions of laws and regulations such as the Export Control Law of the People's Republic of China and the Regulations of the People's Republic of China on Export Control of Dual-Use Items, in order to safeguard national security and interests and fulfill international obligations such as non-proliferation, it was decided to add 28 US entities such as General Dynamics to the export control list (see annex), and to take the following measures: 1. I...
On January 2nd, the Ministry of Commerce issued an announcement on the adoption of unreliable entity list measures against 10 US companies including Lockheed Martin Missile and Fire Control Company, and took the following measures: 1. Prohibit the above-mentioned enterprises from engaging in import and export activities related to China; 2. Prohibit the above-mentioned enterprises from making new investments in China; 3. Prohibit the entry of senior managers of the above-mentioned enterprises; 4...
U.S. Department of Commerce: U.S. Chip Program announced up to $300 million in funding to promote the development of the U.S. semiconductor packaging industry.
At 20:30 Beijing time, the U.S. Department of Commerce will release the Personal Consumption Expenditures Price Index (PCE), a broad indicator that covers the prices consumers pay for various goods and services and their spending preferences. The Federal Reserve prefers to use the PCE index rather than the Labor Department's Consumer Price Index (CPI) because the former takes into account changes in consumer behavior, such as alternative purchases, and is broader in scope. For July's PCE reading...
