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The Latest Breaking News from Commerce

US govt to chip makers: Share profits if you want subsidies

The plan requires firms that want subsidies to share future profits with government and provide childcare for employees.

Al Jazeera

Commerce Department launches applications for chips funding

WASHINGTON — The U.S. Commerce Department opened applications Tuesday for $39 billion in funding for semiconductor chip manufacturing, kicking off unprecedented federal spending in the tiny component that's crucial for modern technology and vehicles.

Tribune News Service

Billions to spur US semiconductor manufacturing comes with strings attached

WASHINGTON – The Commerce Department is preparing to dole out $39 billion in semiconductor manufacturing incentives, an initiative expected to bring more factories – and jobs – to the U.S.

Tribune News Service

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FCC’s spectrum auction authority nears March expiration

WASHINGTON — The top Republican and Democrat on the House Energy and Commerce Committee are working to avert a lapse next month in the Federal Communications Commission’s authority to auction spectrum as Congress seeks a more lasting plan that could pay for a number of telecommunications priorities.

Tribune News Service

Commerce Dept. issuing aid to build computer chip plants

The Commerce Department is opening the application process for computer chip manufacturers to access $39 billion in government support to build new factories and expand production

The Independent UK

Exports of rice likely to keep growing

Demand for Thai rice in the international market remains strong, with Commerce Minister Jurin Laksanawisit expecting the country's exports to potentially increase to 8 million tonnes this year.

Bangkok Post

Reserve Bank would back a Commerce Commission probe into bank profits

Some retirees could face a cold and hungry winter, as costs rise and banks slow-pedal their term deposit interest rates. It's allowing the big banks to maintain high margins and send record dividends back to their Australian owners. Jonathan Milne reports.

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US lawmaker concern over Mexico steel revives Trump-era conflict

WASHINGTON — Steel is threatening to become the latest area of commercial conflict between the U.S. and Mexico after a bipartisan group of U.S. lawmakers called on the Biden administration to restore Trump-era tariffs if necessary to stem a surge in imports.

Tribune News Service

Pakistan seeks breakthroughs in high-level U.S. trade talks

Pakistan is looking for breakthroughs in agriculture and information technology during the first ministerial level meeting of a U.S.-Pakistani trade and investment body in seven years, Pakistan's commerce minister said on Tuesday.

Reuters

House GOP's overlapping COVID investigations

House Republicans overlapping COVID investigations

Axios

Michigan Democrats seek to repeal law prohibiting public employees from being required to pay union fees

Fifty-one Democratic members of the Michigan House of Representatives and all 20 Democratic senators are sponsoring companion bills that would repeal a section of law prohibiting public employees from being required to pay union fees.

Ballotpedia

Little-noticed US funding for China tech sector now draws scrutiny

WASHINGTON — Even as Washington takes a hard line on keeping U.S. technology and data beyond China’s reach, the federal government has thus far been slow to close another channel of technology assistance: potentially billions of dollars in U.S. investment in Chinese tech startup companies.

Tribune News Service

Little-noticed US funding for China tech sector now draws scrutiny - Roll Call

Even as Washington tries to safeguard US technology from China, venture capitalists are funding Chinese tech startups.

Roll Call

Jurin optimistic on trade bonanza from UAE venture

Commerce Minister Jurin Laksanawisit is scheduled to lead delegations from the government and private sector to visit the United Arab Emirates (UAE) during Feb 6-7, with a goal to raise Thai exports to the UAE by up to 30 billion baht this year.

Bangkok Post

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Axios

House Science Committee chair looks to make NOAA an independent agency

NOAA has always been an awkward fit in the Department of Commerce.

Bangkok Post

Thai-EU deal edges closer as Jurin flies in

Commerce Minister Jurin Laksanawisit will lead Thailand's trade negotiating team to Brussels on Wednesday to rev up negotiations on a free-trade agreement (FTA) with the EU, with the joint political will likely to be agreed upon and announced during the two-day official visit.

Bangkok Post

Ministry extends price controls on five products

The Commerce Ministry has extended price controls on five products comprising hygienic face masks, synthetic fibres for face mask production, alcohol gel, paper for recycling, and chicken for another year.

Bangkok Post

Exports continue to slump

Exports are expected to continue dropping in December because of the global economic slowdown, but the Commerce Ministry remains confident that full-year export growth should be around 7%.

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Bangkok Post

Shopping discounts launched

The Commerce Ministry kicked off its "New Year Grand Sale" campaign yesterday via partnerships with the private sector and online platforms, offering steep discounts of up to 85%.

Bangkok Post

Exports to grow amid global slump

Thailand's exports are expected to reach nine trillion baht by the end of the year, before increasing further to 9.25 trillion baht next year, amid predictions of higher-than-expected economic growth, according to the Commerce Ministry.

Tribune News Service

Commentary: Corporate America thrives where abortion is protected

Gina Raimondo doesn't “know why any woman would want to live in a state that criminalizes full access to health care.” The assertion by the 40th U.S. Secretary of Commerce is especially relevant after the Supreme Court's 6-3 ruling on Dobbs v. Jackson Women’s Health Organization in June that upheld…

Bangkok Post

War rooms set up to stimulate exports

The Commerce Ministry has set up war rooms to spur exports, tackle obstacles to trade and curb the negative impact of a global economic slowdown in 2023.

Bangkok Post

US to expand solar panel tariffs after probe finds Chinese evasion

The United States will impose new duties on imports from some major Chinese solar panel makers after a months-long investigation found they were trying to dodge tariffs by finishing their products in Southeast Asian countries, trade officials said on Friday.

Reuters

U.S. Commerce secretary: Competing with China not 'easy'

U.S. Commerce Secretary Gina Raimondo said on Wednesday Washington must do more to counter China while insisting the world's two largest economies should not isolate from each other.

Bangkok Post

Exports drop in Oct as global demand slows

Exports unexpectedly fell in October as tight monetary policy to curb inflation in major trading partners affected purchasing power and economic activity, the Commerce Ministry said on Monday.

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