US Commerce Department

The Trump administration is reportedly lowering its aspirations for comprehensive reciprocal deals. Instead, it is favoring narrower agreements to avoid the reimposition of U.S. tariffs. What Happened:  The US is now seeking phased deals with key countries, with the aim of reaching agreements by...

In a recent announcement, U.S. Commerce Secretary Gina Raimondo revealed an ongoing scrutiny of three novel artificial intelligence (AI) accelerators being created by Nvidia Corp (NASDAQ:NVDA) for the Chinese market. What Happened: As per a Bloomberg report on Dec. 11, 2023, every aspect of the new...

The Commerce Department's Bureau of Industry and Security (BIS) will announce in a Federal Register notice on Thursday that it will extend a temporary general license for certain U.S. exports to Chinese telecommunications equipment manufacturer Huawei Technologies Co. Ltd. and 114 overseas...

The U.S. Commerce Department's International Trade Administration published a final rule on Tuesday that will allow the agency to take into account what it deems to be unfair currency subsidies when imposing countervailing duties on imported products. "This Currency Rule is an important step in...

The U.S. Commerce Department has announced a proposed regulatory action to enhance security around the country's information and communications technology and services supply chain. The department's proposed rule sets out to implement President Trump's May 15 executive order that calls for...

The U.S. Commerce Department has begun to break the logjam of pending export license applications related to Huawei Technologies Co. Ltd. of China by announcing some approvals this week, according to news reports. "The licenses that were approved related to consumer products that were deemed...

The euro remained above $1.30 on Friday morning after climbing on Thursday to overtake the $1.30 mark for the first time in over two weeks. The common currency strengthened after a report from the eurozone showed that consumer and business sentiment improved. The Wall Street Journal reported that...

After falling more than six percent in April, Brent crude oil sagged on Monday and lost some ground as it slipped below $103 on worries about the global economic outlook. The commodity fell to $102.64 at 6:06 GMT on Monday morning following last week's impressive gains. China will have a large...