Commerce Department Archives - Page 3 of 3

Canada and China Retaliate Against Trump’s Tariffs, Amid Fears of Trade War

Reporter USMarch 4, 2025

Sweeping tariffs imposed by President Trump threatened economic upheaval for consumers and businesses in the United States on Tuesday as the country’s biggest trading partners struck back on Tuesday, raising fears of a burgeoning trade war. Canada and China swiftly condemned the U.S. tariffs and announced retaliatory tariffs against American exports. President Claudia Sheinbaum of […]

Trump’s Latest Tariffs on Canada, Mexico and China Could Be His Biggest Gamble

Reporter USMarch 4, 2025

President Trump made one of the biggest gambles of his presidency Tuesday by initiating sweeping tariffs with no clear rationale on imports from Canada, Mexico and China, triggering a trade war that risks undermining the United States economy. His actions have upended diplomatic relations with America’s largest trading partners, sent markets tumbling, and provoked retaliation […]

Lutnick Remarks on Removing Government Spending in GDP Data Raises Fears

Reporter USMarch 4, 2025

Comments from a member of President Trump’s cabinet over the weekend have renewed concerns that the new administration could seek to interfere with federal statistics — especially if they start to show that the economy is slipping into a recession. In an interview on Fox News on Sunday, Howard Lutnick, the commerce secretary, suggested that […]

TSMC, the Chip Giant, Is to Spend 0 Billion in U.S. Over the Next 4 Years

TSMC, the Chip Giant, Is to Spend $100 Billion in U.S. Over the Next 4 Years

Reporter USMarch 4, 2025

President Trump on Monday said Taiwan Semiconductor Manufacturing Company, the world’s largest chip manufacturer, will spend $100 billion in the United States over the next four years to expand its production capacity and bring its most advanced semiconductor processes to its operations in Arizona. The investment will allow TSMC to begin making artificial intelligence and […]

Trump Turns Up Trade Pressure on China After Beijing Fails to Come Running

Reporter USMarch 3, 2025

When President Trump threatened tariffs on Canada, Mexico and China in January, saying those countries needed to do more to stop the flow of drugs and migrants into the United States, Canadian and Mexican officials raced to Washington, bearing charts and videos detailing their efforts to toughen their borders. Canada created a “fentanyl czar” and […]

Trump Picks Another Trade Fight With Canada Over Lumber

Reporter USMarch 1, 2025

President Trump on Saturday initiated an investigation into whether imports of lumber threaten America’s national security, a step that is likely to further inflame relations with Canada, the largest exporter of wood to the United States. The president directed his commerce secretary, Howard Lutnick, to carry out the investigation. The results of the inquiry could […]

Senate Confirms Howard Lutnick as Commerce Secretary

Reporter USFebruary 20, 2025

The Senate on Tuesday voted 51 to 45 to confirm Howard Lutnick to be President Trump’s commerce secretary, putting in place one of the administration’s top economic officials who will help oversee an agenda around tariffs and protectionism. Mr. Lutnick, who was the chief executive of the financial services firm Cantor Fitzgerald, became a central […]

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Category: Commerce Department

Canada and China Retaliate Against Trump’s Tariffs, Amid Fears of Trade War

Trump’s Latest Tariffs on Canada, Mexico and China Could Be His Biggest Gamble

Lutnick Remarks on Removing Government Spending in GDP Data Raises Fears

TSMC, the Chip Giant, Is to Spend $100 Billion in U.S. Over the Next 4 Years

Trump Turns Up Trade Pressure on China After Beijing Fails to Come Running

Trump Picks Another Trade Fight With Canada Over Lumber

Senate Confirms Howard Lutnick as Commerce Secretary

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