Department of Commerce
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Department of Commerce
The Department of Commerce is one of the largest, most powerful of U.S. government agencies. Its mission? To “create the conditions for economic growth and opportunities for all communities.”
10 months ago
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Commerce Secretary Howard Lutnick, discussing the new trade agreement between the U.S. and Taiwan, told CNBC that Taiwan-based chip companies who don’t build in the U.S are "likely to face a 100% tariff." Lutnick said the government’s goal is to bring 40% of Taiwan’s semiconductor supply chain to the United States, as Washington pushes to expand domestic chip production amid growing geopolitical competition over access to semiconductors. Full details: cnb.cx/4qHwPSJ | CNBC
Commerce Secretary Howard Lutnick, discussing the new trade agreement between the U.S. and Taiwan, told CNBC that Taiwan-based chip companies who don’t build in the U.S are "likely to face a 100% tariff." Lutnick said the government’s goal is to bring 40% of Taiwan’s semiconductor supply chain to the United States, as Washington pushes to expand domestic chip production amid growing geopolitical competition over access to semiconductors. Full details: cnb.cx/4qHwPSJ | CNBC
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India–U.S. Trade Deal Stalled as PM Modi Didn’t Call Trump: U.S. Commerce Secretary! The long-anticipated India–United States trade agreement was delayed because Indian Prime Minister Narendra Modi did not make a direct phone call to President Donald Trump to finalise the negotiations, U.S. Commerce Secretary Howard Lutnick claimed on Friday. | The Asian Chronicle
India–U.S. Trade Deal Stalled as PM Modi Didn’t Call Trump: U.S. Commerce Secretary! The long-anticipated India–United States trade agreement was delayed because Indian Prime Minister Narendra Modi did not make a direct phone call to President Donald Trump to finalise the negotiations, U.S. Commerce Secretary Howard Lutnick claimed on Friday. | The Asian Chronicle
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#FirstpostNews: Speaking at the World Economic Forum in Davos, U.S. Commerce Secretary Howard Lutnick avoided a direct answer on Greenland, instead offering a broad line about American leadership. The exchange came amid President Donald Trump’s repeated threats to assert control over Greenland, framing the issue as a strategic priority for the United States. | Firstpost
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#FirstpostNews: Speaking at the World Economic Forum in Davos, U.S. Commerce Secretary Howard Lutnick avoided a direct answer on Greenland, instead offering a broad line about American leadership. The exchange came amid President Donald Trump’s repeated threats to assert control over Greenland, framing the issue as a strategic priority for the United States. | Firstpost
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U.S. Commerce Secretary Howard Lutnick criticized Europe's carbon neutrality goals during a panel discussion at the World Economic Forum (WEF), questioning why do they have such targets if they don't "make a battery." "They are deciding to be subservient to China who makes the batteries. Why would you do that?" he asked. "Why would the United States of America, which has oil and natural gas, try to convert to all electricity? China does not have oil and natural gas. Electricity and electric cars
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U.S. Commerce Secretary Howard Lutnick criticized Europe's carbon neutrality goals during a panel discussion at the World Economic Forum (WEF), questioning why do they have such targets if they don't "make a battery." "They are deciding to be subservient to China who makes the batteries. Why would you do that?" he asked. "Why would the United States of America, which has oil and natural gas, try to convert to all electricity? China does not have oil and natural gas. Electricity and electric cars
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