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The Latest Breaking News from Commerce

The week that changed AI: Inside Trump's Anthropic crackdown, and how a phone call from Amazon CEO Andy Jassy triggered the chaos

The fight over Anthropic’s Mythos model is rewriting the rules of AI regulation, with consequences for the trillion dollar startup, the AI industry, and global security.

Fortune

US holds off blacklisting China's DeepSeek, more than 100 firms deemed security risks, sources say

DeepSeek, CXMT and other companies were approved by an interagency committee last year for addition to the Commerce Department's Entity List, which is being reported for the first time. Reuters is also exclusively reporting the large number of companies awaiting publication on the list.

The Economic Times

U.S. held back blacklisting DeepSeek, over 100 Chinese firms despite security concerns, sources say

America has delayed adding over 100 Chinese firms, including AI startup DeepSeek and chipmaker CXMT, to a trade blacklist. These companies were flagged for national security risks. The US aims to prevent further escalation of tensions with Beijing.

The Economic Times

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India, UK working to resolve issues for trade pact implementation

India and the UK are actively resolving issues impacting their free trade agreement. Discussions are underway in London to operationalize the deal. Key concerns include the UK's steel safeguard measure and carbon Border Adjustment Mechanism. These measures could affect Indian exports. India is also engaged with the EU regarding proposed…

The Economic Times

India's trade with West Asia gradually improving: Commerce Secy

India's trade with West Asia faced disruptions in May due to the US-Iran conflict. Exports saw a slight dip but are recovering. Imports also declined significantly. The conflict impacted shipping routes like the Strait of Hormuz. Despite challenges, Indian exporters are utilizing Omani ports. A peace deal between the US…

The Economic Times

USTR arrives June 22 for trade talks; Commerce Secretary says US-Iran deal should bring lasting peace

India's trade data for May 2026 shows robust export growth. Merchandise exports rose 18 percent year-on-year. Commerce Secretary Rajesh Agrawal welcomed the US-Iran peace agreement. He expressed hope for regional stability. Discussions are ongoing for a trade agreement with the US. The US Trade Representative is expected to visit India…

The Economic Times

Anthropic's Top AI Scientist Locked Out of His Own Company's Most Powerful AI Because He's Not American

US Commerce Department forced Anthropic to disable Claude Fable 5 and Mythos 5 worldwide, locking out top AI scientist Andrej Karpathy, along with hundreds of millions of users.

International Business Times UK

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Anthropic Disables Fable, Mythos, After US Directive To Block Access To Foreigners

The US decision, communicated in a notice Commerce Secretary Howard Lutnick sent to Anthropic CEO Dario Amodei, is seen as an escalatory move by the Trump administration.

International Business Times

Bipartisan bill targets government censorship threats

A Biden-era push to remove certain social media posts about COVID-19 and the 2020 election and more recent pressure by the Trump administration against TV broadcasters have brought together a bipartisan Senate duo to try and prevent indirect government censorship. Senate Commerce Chairman Ted Cruz, R-Texas, and Sen. Ron Wyden,…

Roll Call

Govt scrambles for markets

The government is seeking new markets for Thai shrimps after Malaysia announced an import suspension earlier this month, says Commerce Minister Suphajee Suthumpun.

Bangkok Post

Malaysia's ban sparks market hunt

The government is accelerating efforts to open alternative markets for Thai shrimp after Malaysia suspended imports of five species, with authorities seeking to prevent a decline in farm-gate prices and cushion the impact on farmers.

Bangkok Post

Govt ramps up UK trade ties to boost OECD bid

Thailand and the United Kingdom have agreed to strengthen trade and economic cooperation as Bangkok pushes ahead with its goal of joining the OECD by 2028, Commerce Minister Suphajee Suthumpun said.

Bangkok Post

Business Brief (June 1): China’s Commerce Ministry Warns EU Over Trade Measures

AI and EV growth squeezes copper supply, securities industry group issues draft guidelines on cross-border data flows

Caixin Global

Howard Lutnick donated $5M to House Republicans right before his testimony on Epstein case: report

The commerce secretary made the donation ‘in his personal capacity,’ an agency spokesperson said

The Independent UK

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AAP

IBM and U.S. Department of Commerce Announce America's First Purpose-Built Quantum Foundry, Supported by Proposed $1 Billion CHIPS Award

WASHINGTON and ARMONK, N.Y., May 21, 2026 /PRNewswire/ -- Today, IBM (NYSE: IBM) and the U.S. Department of Commerce (DoC) announced a Letter of Intent (LOI) to build an American quantum chip foundry, securing the nation's global quantum leadership and fueling the country's growing quantum ecosystem. The CHIPS incentive from…

The Economic Times

Odisha CHSE 12th Toppers List 2026: Check Science, Commerce, Arts & Vocational toppers, pass percentage, best performing districts

Odisha CHSE 12th Toppers List 2026: Odisha Class 12 results are out today, with details on toppers and pass percentages announced at 12:30 PM. Students can check their performance across Science, Commerce, Arts, and Vocational streams on chseodisha.nic.in and results.odisha.gov.in. Last year's results saw girls outperforming boys, a trend that…

Bangkok Post

Nippon Steel pledges long-term commitment to Thailand

Nippon Steel has reaffirmed its long-term commitment to Thailand, urging stronger government protection against an influx of substandard steel imports and expressing readiness to further expand investments in the country.

The Mary Sue

‘Never would’ve dated her if I knew’: Tech mogul has many regrets about his relationship with Ghislaine Maxwell, including a $7.2M break-up bill

Ted Waitt, the billionaire co-founder of Gateway computers, just dropped some serious bombshells about his six-year relationship with Ghislaine Maxwell. In closed-door testimony, Waitt told lawmakers he never would’ve dated Maxwell if he’d known what we all know now. He also admitted to paying her a whopping $7.2 million after…

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The Economic Times

India, UK working on British steel issue to operationalise trade pact: Commerce Secy

India and the United Kingdom are nearing the operationalization of their trade pact. Both nations are collaborating on a unique solution to address recent UK steel safeguard measures. These measures had created a hurdle for the Comprehensive Economic and Trade Agreement. The pact aims to boost bilateral trade significantly by…

International Business Times

Lutnick Testifies About Relationship With Epstein, Recalls 'Gross' Comment While Touring His Home

Commerce Secretary Howard Lutnick recounted in congressional testimony how a coffee with Jeffrey Epstein ended after a "gross and inappropriate" comment.

Reason

When Businesspeople Run Government, the Government Doesn't Become a Business

Central planning from Commerce Secretary Howard Lutnick, President Donald Trump, and others reflects a fundamental misunderstanding of what makes private markets work.

The Economic Times

US Commerce Secy Howard Lutnick backs away from his Epstein 'blackmail' claim in interview with House committee

Commerce Secretary Howard Lutnick faced questioning from House lawmakers regarding his past interactions with Jeffrey Epstein. Lutnick revised earlier statements about Epstein engaging in blackmail, calling it mere speculation. He downplayed several meetings with Epstein, including a 2005 visit that initially disturbed him and his wife. Democrats criticized Lutnick's testimony…

The Independent UK

Howard Lutnick says he couldn’t remember when he learned Epstein was a sex offender, deposition transcripts show

Trump’s commerce secretary could not recall his decision-making process behind visiting Epstein’s private island in 2012

The Economic Times

Planing 500 delegations, outreach to 1,600 industry chambers to boost FTA utilisation: Piyush Goyal

India is launching ambitious plans to boost its use of free trade agreements. The commerce ministry will send 500 delegations abroad and train 1,000 people. This initiative aims to help Indian businesses increase exports and attract investments. The government is committed to supporting industry growth and achieving export targets.

The Mary Sue

Howard Lutnick swore he cut ties with Epstein after one creepy tour. Then files revealed he took his family to the predator’s island

Commerce Secretary Howard Lutnick admitted to visiting Jeffrey Epstein’s private island with his family in 2012, despite previously claiming he cut all ties with the convicted sex offender after a creepy encounter years earlier. The revelation came during a closed-door congressional hearing this week, where Lutnick called the lunch invitation…

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