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A Commerce Department statement added 38 Huawei affiliates around the world to the “entity list,” claiming that the company was using international subsidiaries to circumvent the sanctions which prevent the export of US-based technology.
Source: https://guardian.ng/news/e-customs-project-huawei-says-no-plan-to-sue-fg/
As a Commerce Department investigation into China's potential circumvention of anti-dumping was underway last year, Biden's declaration moved to suspend potential tariffs on solar panels that could result from the inquiry.
Data from the U.S. Commerce Department showed on Wednesday that U.S. retail sales rebounded sharply in January after two-straight monthly declines.
Source: https://business.inquirer.net/386996/dollar-advances-as-strong-u-s-data-backs-higher-rates-backdrop
Excluding food and energy prices, the personal consumption expenditures price index rose 4.2 percent in July, up from June's reading of 4.1 percent, the Commerce Department said Thursday.
Gross domestic product expanded at a 4.9% seasonally- and inflation-adjusted annual rate in the third quarter—more than double the second quarter pace—the Commerce Department reported Thursday.
Source: https://createsend.com/t/d-28A957EA9AFFA8C42540EF23F30FEDED
Households boosted their spending by a seasonally adjusted 0.2% in February from the prior month, the Commerce Department said Friday.
Source: https://www.wsj.com/articles/consumer-spending-personal-income-inflation-february-2023-526279fe
Inventories increased by an adjusted 0.2% in April after falling 0.2% in March, the Commerce Department said.
It escalated its tech war with China by enacting the CHIPS and Science Act of 2022 in August and the regulatory filing by the Commerce Department Bureau of Industry and Science.
Last week, the Commerce Department reported that nationwide fell 0.1 percent in October from September, the first drop since March.
Source: https://www.nytimes.com/2023/11/23/business/economy/black-friday-shopping.html
Months earlier, the Commerce Department had into whether Chinese manufacturers were illegally routing solar panels through Southeast Asia to avoid U.S. tariffs.
More troubling still, the agreement was forged only days after the Commerce Department, with much fanfare, placed NSO on a blacklist preventing U.S. firms from selling their technology to it.
On Thursday, the Commerce Department releases U.S. retail sales data for May.
The Commerce Department list did not mention what the two firms shipped or attempted to ship that triggered U.S. action.
Source: https://globalnews.ca/news/9532319/ukraine-russia-us-sanctions-canada-companies/
The Commerce Department unveiled its plan to implement the CHIPS Act, an initiative intended to subsidize the semiconductor industry, on Tuesday, but the department’s plans include several conditions that advance key Democratic priorities.
Source: https://dailycaller.com/2023/03/01/chips-act-social-policy-biden/
The inflation report that the Commerce Department issued Friday showed that consumer spending jumped in June, despite two years of high inflation and 11 Fed rate hikes over 17 months.
Source: https://abcnews.go.com/US/wireStory/inflation-gauge-closely-tracked-fed-falls-lowest-level-101766561
The next few months will provide the first test of how the Commerce Department balances those concerns.
Source: https://www.nytimes.com/2023/02/27/us/politics/chips-act-biden-commerce-department.html
The personal consumption expenditure (PCE) price index fell 0.1 percent in November, the Commerce Department said Monday.
The trade deficit decreased 21.0% to $61.5 billion, the lowest level since September 2020, the Commerce Department said on Thursday.
WASHINGTON: A US agency will launch a public working group on generative artificial intelligence (AI) to help address the new technology's opportunities while developing guidance to confront its risks, the Commerce Department said on Thursday (Jun 22).
With a record year for economic development in the books, the S.C. Commerce Department is asking legislators for extra money in next year's budget to pay for new initiatives designed to keep the momentum going.