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The Latest Breaking News from Commerce Department

EXPLAINER: What's in Biden's proposed new Asia trade pact?

President Joe Biden faced a dilemma on trade in Asia: He couldn’t just rejoin the Trans-Pacific Partnership that his predecessor had pulled the U.S. out of in 2017

The Independent UK

White House tries to soothe China solar panel probe fallout

The Biden administration is trying to mitigate political fallout of its own making.

Axios

US deepens solar tariff probe with 2 firms in Thailand among 8 companies facing added scrutiny

The United States Commerce Department is deepening its probe into whether solar power companies are circumventing import tariffs, singling out some of the industry’s giants for increased scrutiny.

Bangkok Post

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Biden administration to release $45B for nationwide internet

The Biden administration is taking the first steps to release $45 billion to ensure every U.S. resident has access to high-speed internet by roughly 2028

The Independent UK

Possible new tariffs dimming outlook for Colorado’s solar industry

A federal investigation into whether China is getting around tariffs on solar panels has Colorado’s expanding solar energy industry warning of layoffs, soaring prices and lights out for new projects.

Tribune News Service

Solar projects are on hold as U.S. investigates whether China is skirting trade rules

A federal investigation of allegations that China is illegally avoiding duties on solar panels sold to U.S. companies is putting the brakes on the nation's solar power build-out.

WEKU

US inflation-adjusted consumer spending unexpectedly rose in March

U.S. inflation-adjusted consumer spending rose in March despite intense price pressures, indicating households still have solid appetites and wherewithal for shopping.

Tribune News Service

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How military technology reaches Russia in breach of U.S. export controls

By his own account, Ilias Sabirov, a Moscow businessman, had supplied Russia's military with high-performance computer chips made in the United States for years.

Reuters

Asian shares jump as Chinese leaders pledge help for economy

Stocks have advanced after Chinese leaders pledged to step up efforts to support the economy

The Independent UK

'Warning Sign': Experts React To Surprise 1.4% Drop In US GDP

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 2.1% on Thursday after the Commerce Department said U.S. GDP declined 1.4% in the first quarter.

Benzinga

US economy posts surprise contraction with trade gap surging

The U.S. economy unexpectedly shrank last quarter, the first contraction since 2020, as a ballooning trade deficit and softer inventory growth belied an otherwise solid consumer and business demand picture.

Tribune News Service

US economy posts surprise contraction, belying solid consumer picture

The U.S. economy shrank for the first time since 2020, reflecting an import surge tied to solid consumer demand.

Tribune News Service

AP News Digest 3:40 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

The Independent UK

Solar group says US trade probe will cut domestic installations in half

A US probe into whether Chinese solar-panel manufacturers are circumventing tariffs will slash expected domestic installations by 46% this year and next, according to a Washington-based advocacy group.

Bangkok Post

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Bangkok Post

Biden probe into solar imports risks 65% of planned US projects

A United States Commerce Department trade probe that could result in tariffs against solar imports from Southeast Asian nations, including Thailand, is already threatening clean energy projects, according to an advocacy group fighting the investigation.

Reuters

U.S. targets seven Belarus national carrier planes for violating export controls

The U.S. Commerce Department on Thursday confirmed it had identified seven Boeing 737 Planes operated by Belarusian national carrier Belavia that are in apparent violation of U.S. export controls.

Asharq Al-Awsat

US Bans Exports to Three Russian Airlines for Sanctions Violations

The US government has banned exports to Russian state airline Aeroflot as well as two other carriers for flying aircraft in violation of sanctions, the Commerce Department said Thursday. Washington warned last month that the carriers had gone against penalties imposed on Moscow over its invasion of Ukraine by flying…

The Independent UK

US moves to choke off exports to 3 Russian airlines

The Biden administration is moving to choke off U.S. exports to three Russian airlines as part of what officials described as an unprecedented enforcement action

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The Independent UK

Asian stocks fall after China manufacturing weakens

Asian stock markets are lower after Chinese manufacturing weakened and Russian shelling around Ukraine’s capital shook hopes of progress in peace talks

The Independent UK

Vietnamese carmaker to build electric vehicles in N Carolina

A Vietnamese automaker has announced plans to build a plant in North Carolina to manufacture electric vehicles, promising to bring 7,500 jobs

Bangkok Post

US to consider tariffs on solar imports from Thailand, 3 other SE Asian countries

US trade officials on Monday said they will launch an investigation that could result in tariffs on solar panels imported from four Southeast Asian nations, a blow to clean energy project developers that rely on cheap imports to keep costs down.

The Independent UK

Commerce inquiry imperils solar industry, advocates say

The Commerce Department says it is investigating whether imports of solar panels from Southeast Asia are circumventing anti-dumping rules that block imports from China

Reuters

U.S. targets Abramovich plane, 99 others over Russia export violations

The U.S. Commerce Department on Friday moved to effectively ground 100 airplanes that have recently flown to Russia and are believed to violate U.S. export controls, including a plane used by Russian businessman Roman Abramovich.

Bangkok Post

Trade probe of solar imports from Thailand, 3 other countries poses threat to US projects

A potential Commerce Department probe of solar imports from Southeast Asia has the potential to freeze investment in the United States, industry leaders warned on Tuesday.

Reuters

U.S. speeds licensing for gun, ammunition shipments to Ukraine

The United States is rapidly processing requests from Americans to export firearms and ammunition to Ukraine, the U.S. Commerce Department said on Wednesday.

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