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The Latest Breaking News from Commerce

NIL bill advocates see goal line in sight after recess

After 16 wild hours that ended with a bipartisan college sports bill being punted in the middle of the night, President Donald Trump’s involvement was not enough to trigger votes on legislation he would like to add to his midterms and legacy sales pitches. As senators and senior aides bickered…

Roll Call

Thune doesn’t guarantee NIL bill votes this week even with SEC, Big Ten backing

Senate Commerce Committee aides said Monday the full chamber could begin voting on a sweeping college sports bill before starting a monthlong summer break, but Majority Leader John Thune, R-S.D., stopped short of penciling it onto his packed pre-recess calendar. Commerce Chairman Ted Cruz, R-Texas, and ranking Democrat Maria Cantwell…

Roll Call

More Thai products urged for US exemption list

The Thai Chamber of Commerce is backing the commerce minister on expediting the conclusion of the Agreement on Reciprocal Trade with the US, noting that Thai products with high local content should be included on the exemption list to strengthen the country's competitiveness.

Bangkok Post

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Exporters flag West Asia crisis concerns to Goyal

Indian exporters face order uncertainty and higher logistics costs due to the West Asia crisis. Overseas buyers are cautious, seeking extensions and postponing new purchase decisions. Commerce Minister Piyush Goyal met with export promotion bodies to discuss the evolving situation. Goyal highlighted merchandise exports grew fifteen percent despite global uncertainties.…

The Economic Times

Energy Insider: China’s Commerce Ministry Rebuts Overcapacity Claims

The Democratic Republic of the Congo officially becomes a lithium exporter after certification of a Zijin Mining project, while a Chinese shipping giant’s supertanker successfully navigates the Red Sea amid plunging traffic

Caixin Global

Nvidia in talks with OpenAI to guarantee $250 billion financing for data centre: WSJ

The power for the ⁠project is ‌controlled by the US government and funded separately by Japan under ⁠a recent trade deal, with US Commerce Secretary Howard Lutnick involved in deciding who will receive access to it, the report added.

The Economic Times

The U.S. government invested $27 billion in corporate stakes. Good luck finding them

The Trump administration’s equity stakes—from Intel to quantum startups—appear in no budget document and are subject to no watchdog.

Fortune

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Key Thai exports dodge higher US tariffs

Washington has exempted 2,120 Thai export products from an additional 12.5% tariff under Section 301 of the US Trade Act of 1974, accounting for more than half the value of Thailand's exports to the United States, the Commerce Ministry said.

Bangkok Post

Government shifts gears

The Anutin Charnvirakul administration appears to be entering a new phase of governance — one marked less by headline-grabbing populist initiatives than by difficult policy recalibrations. Over the past few weeks, the government has quietly delayed, suspended or softened a number of high-profile initiatives, the latest being the Commerce Ministry’s…

Bangkok Post

India reiterates WTO-consistent trade policy, calls for development-oriented reforms

India concluded its eighth Trade Policy Review at the WTO. Members broadly appreciated India's constructive engagement and economic resilience. India reiterated its commitment to transparent and WTO-consistent trade policies. It also emphasised development-oriented WTO reforms for developing countries.

The Economic Times

Kill switches for most powerful AI models proposed by Bipartisan bill — DHS could order throttling or full shutdown, with fines up to $20 million per day

The bill amends the Homeland Security Act and covers companies earning at least $500 million in annual revenue from a model trained with compute costing more than $100 million.

Tom’s Hardware

From Weed to Whiskey: Is This the Supreme Court's Next Big Commerce Clause Case?

What’s at stake in Ream v. U.S. Department of the Treasury.

Reason

Trump faces a catch-22 on Iran because of midterms, says his former commerce secretary: Face inflation furor or withdraw and look weak

“The war itself, in a kind of technical sense, is over … The question is, can we win the peace? And that’s what Hormuz is about,” Trump’s former commerce secretary, Wilbur Ross, exclusively tells Fortune.

Fortune

Bill to ban certain Chinese cars approved by Senate panel

The Senate Commerce, Science and Transportation Committee approved a series of six nominations and seven bills on Wednesday, including a measure to limit the use of vehicles and vehicle technologies developed by foreign entities of concern on American roadways. The bill, introduced by Sen. Bernie Moreno, R-Ohio, and co-sponsored by…

Roll Call

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Fortune

Agentic commerce is coming—and the battle to build its infrastructure is on

Also: All the news and watercooler chat from Fortune.

The Economic Times

Commerce Secretary to visit Geneva this week for India's trade policy review at WTO

Commerce Secretary Rajesh Agarwal is visiting Geneva this week to lead India's delegation for the WTO's eighth Trade Policy Review. The review, conducted every five years for major trading nations like India, assesses the country's trade policies, macroeconomic framework and institutional practices, with the report expected to be released later…

Bangkok Post

Vendors struggle despite aid plan

The Commerce Ministry's proposed 40-baht khao kaeng scheme was intended to ease living costs. Instead, it has exposed a simple reality in markets across Thailand: many vendors are already selling meals at that price without government support.

Tom’s Hardware

Lawmakers want US government to ban memory chips from China, even in allied supply chains — citing 'unacceptable risk' to national, economic, and supply chain security (Updated)

U.S. lawmakers demand Commerce Secretary Howard Lutnick to ban imports of memory chips from China to the U.S., ask allies to do the same.

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Roll Call

Cruz, Democrats push back on FCC move to lift ownership cap

The Trump administration is moving ahead with plans to allow for more consolidation in local television, a move that got pushback from Senate Commerce Chairman Ted Cruz over the role of Congress in changing the television ownership cap. Federal Communications Commission Chair Brendan Carr announced plans Wednesday to vote to…

International Business Times

The U.S. Approved the Export of AI Chips to China. Now A Top Trade Official Says 'Very Few' Made It.

Commerce Department official Jeffery Kessler told lawmakers that shipments of Nvidia's H200 processors have remained minimal despite export licenses being issued earlier this year.

Bangkok Post

Franchise costs cut through government subsidy scheme

The Commerce Ministry has launched a subsidy scheme for individuals seeking to purchase franchises.

The Economic Times

India-UK trade pact comes into force on Wednesday; bilateral trade to hit USD 100 bn by 2030

India-UK FTA: India and the UK will implement a comprehensive economic and trade agreement starting July fifteenth. This pact aims to significantly boost bilateral commerce to one hundred billion dollars by the year twenty thirty. Several Indian export sectors will gain zero-duty access to the British market immediately. India has…

The Economic Times

India, UK engaged in discussions on carbon tax issue: Commerce Secretary

India and the United Kingdom are discussing Britain's carbon tax regulation. The UK plans to implement its Carbon Border Adjustment Mechanism starting in 2027. This new carbon tax could impact Indian exports worth USD 775 million. Discussions on this carbon tax were part of free trade agreement negotiations. India's steel…

Bangkok Post

B40-meal plan on hold after public backlash

Commerce Minister Suphajee Suthumpun has halted plans for a 40-baht rice-and-curry project, pending review, following mixed public reaction to the proposed scheme.

The Economic Times

India's exports to West Asia region evened out in June: Commerce Secretary

India's exports to West Asia grew 7.29 percent to USD 5 billion in June. Shipments to the UAE increased while those to Saudi Arabia saw a decline. Imports from the UAE and Oman registered positive growth during this period. Indian exporters are utilizing Omani ports to facilitate regional trade. The…

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