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The Latest Breaking News from Commerce

Meet the quiet winners of the Supreme Court tariff ruling: hedge funds creating a $100 billion market snapping up rights to importers’ tariff refunds

The market gained attention following allegations Brandon Lutnick, the son of Commerce Secretary Howard Lutnick, participated in the otherwise legal trade with conflicts of interest.

Fortune

DOJ releases missing Epstein files with interview of Trump sexual assault accuser

Three memos containing summaries of 2019 FBI discussions with anonymous accuser were previously withheld after being ‘incorrectly coded as duplicative,’ DOJ explains

The Independent UK

Trump accused of using Iran strikes to deflect from Epstein files

New York Democratic Representative Alexandria Ocasio-Cortez criticised Donald Trump for launching joint US-Israeli airstrikes on Iran. Ocasio-Cortez accused Trump of "risking world war" to divert attention from the ongoing Jeffrey Epstein scandal, citing a pattern of impulsive military actions without clear exit strategies. She suggested that the timing of these…

The Independent UK

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American consumers are the ultimate losers in the ‘immense mess’ of $175 billion in tariff refunds, says Trump’s former commerce secretary

The Supreme Court ruling also allowed Trump a peculiar loophole to strengthen his hand against bargaining trade partners, Ross said.

Fortune

The U.S. has shown China and Russia ‘who really is a military power,’ says Trump’s ex–commerce secretary. Don’t expect them to get involved in Iran

Speaking exclusively with Fortune, Wilbur Ross said the Iran war “is going at least as well as anyone could have hoped,” and that he is “intrigued” that China and Russia have not intervened.

Fortune

Justice Department accused of briefly removing image of Trump’s Commerce Secretary Howard Lutnick from released Epstein files

The photo appears to depict Lutnick, Epstein and other men on the billionaire pedophile’s private island

The Independent UK

Epstein Subpoena For Trump's Commerce Secretary Howard Lutnick 'Very Possible', Republicans Say

Republican lawmakers leading the Epstein investigation are signaling that they could subpoena U.S. Commerce Secretary Howard Lutnick over his ties to the late sex trafficker.

International Business Times

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Top House Republican says it’s ‘very possible’ Trump Commerce Secretary Lutnick will be deposed over Epstein

Lutnick lied to the New York Post about visiting Epstein’s infamous island during an October 2025 interview

The Independent UK

Howard Lutnick's 'Brash' Negotiation Tactics Sparking Fury Within Trump Administration: Report

Commerce Secretary Howard Lutnick has reportedly gained the ire of some in the Trump administration due to his aggressive style, according to a report.

International Business Times

‘Designated survivor’ is revealed as Trump set to deliver State of the Union address

This year’s designated survivor has previously served in the role

The Independent UK

Uzbekistan and US formalise joint investment mechanism in Washington

Ahead of the first meeting of Trump’s Board of Peace, President Shavkat Mirziyoyev travelled to Washington to launch a joint investment mechanism and new sectoral agreements in energy, critical minerals, irrigation and agro-industry.

Euronews

‘This is just rotten’: Republican senator blasts Howard Lutnick’s credibility amidst fears that he has become a liability for midterms

He's admitted he visited Epstein Island!

We Got This Covered

Trump brings Epstein island-tarred Cabinet member Lutnick with him on visit to troops

President rewards Commerce Secretary for giving conflicting accounts of his Epstein ties with coveted seat on Air Force One

The Independent UK

Trump claims ignorance of Lutnick’s Epstein island visit and then says he heard ‘he was there with his wife and children’

President was asked about the furor over Commerce Secretary’s untruthful comments about visit to pedophile sex trafficker’s private getaway

The Independent UK

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Tom’s Hardware

Applied Materials to pay $252 million penalty for selling chipmaking tools to banned Chinese firm — settles over alleged 56 tool exports to chipmaker SMIC following Entity List designation

Applied Materials must pay a $252 million civil penalty to settle allegations that it illegally exported semiconductor manufacturing equipment to SMIC subsidiaries.

Roll Call

Satellite licensing bill advances after Cruz, Cantwell deal

Senators reached agreement on a bill that would speed satellite licensing by the FCC, with additional checks to address Democratic concerns.

The Independent UK

Karoline Leavitt cuts off White House briefing after reporter asks about Commerce chief Lutnick’s Epstein island admission

Lutnick admitted to visiting the late pedophile’s private island in sworn testimony earlier Tuesday before the Senate Commerce Committee

Roll Call

Senators press Lutnick over connections with Epstein

Commerce Secretary Howard Lutnick told senators that “I have nothing to hide” in relation to his interactions with Jeffrey Epstein.

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news in one place.

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We Got This Covered

GOP lawmaker demands Commerce Secretary’s resignation for lying about Jeffrey Epstein ties

Lutnick’s previous claims are coming under fire.

Axios

Europe is confronting its Epstein shame. Trump wants to move on.

The avalanche of files have buried some — while others have weathered scrutiny.

The Mary Sue

10 Creepy Epstein Bombshells About Trump and His Billionaire Buddies That’ll Make Your Skin Crawl

The Department of Justice has dumped more than 3 million pages of Jeffrey Epstein files into the public domain, and if you thought the rich and the powerful couldn’t possibly get any creepier, we’ve got around 3 million reasons to tell you to sit down.

The Independent UK

Republican lawmaker demands Howard Lutnick resign from Trump’s cabinet over Epstein ties

The recent alleged revelations in the Epstein files contradict previous claims that Lutnick cut ties with the disgraced financier a long time ago

Whats Hot

US–India Trade Deal Announced After Months of Tariff Tensions

The United States and India have announced a long-awaited trade deal, bringing an end to months of uncertainty triggered by steep tariffs imposed by Washington on Indian exports. The agreement, revealed on February 2, comes after prolonged negotiations marked by escalation, pauses, and backchannel diplomacy.

We Got This Covered

US Secretary of Commerce made plans to visit Jeffrey Epstein on a private island – with his 4 minor children.

He denies it, but the recently published Epstein files tell a different story.

The Independent UK

DOJ finally releases 3 million pages of new Epstein files more than a month after deadline

Among the newly released files are emails and court documents, some of which reference Trump, Clinton and other high-profile individuals

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