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The Latest Breaking News from Commerce

South Carolina Gave $1.3 Billion to Scout Motors. It's Already $150 Million Over Budget.

The company is backed by Volkswagen but still received considerable funding from state taxpayers.

Reason

What is the 'Trump Gold Card'? Will Nicki Minaj become a US citizen now?

Rapper Nicki Minaj has made headlines after switching gears from critic to fervent supporter of President Trump, proudly unveiling her 'Trump Gold Card.' This prestigious card is part of an initiative that fast-tracks residency for wealthy immigrants willing to invest significantly.

The Times of India

Uzbek President Mirziyoyev signs Board of Peace charter and holds talks in Davos

During the World Economic Forum, Shavkat Mirziyoyev combined multilateral engagement with a series of political and economic meetings, focusing on peace initiatives, investment cooperation and Uzbekistan’s participation in international diplomatic frameworks.

Euronews

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"They can pay a 100% tariff, or they can build in America" — US Commerce Secretary issues warning to memory manufacturers as the global RAM crisis deepens

Following a groundbreaking ceremony at a new Micron memory manufacturing plant, US Commerce Secretary Howard Lutnick issued a fresh warning to other memory makers.

Windows Central

US Department of Commerce lifts planned crackdown on Chinese drones, including DJI — company gets reprieve ahead of Xi-Trump meeting in April, but the FCC ban still stands

The U.S. Department of Commerce has retracted its proposal to stop the import of DJI drones, but the FCC's ban means that the U.S.'s doors are closed to new DJI models anyway.

Tom’s Hardware

President Trump, Sec. Lutnick praise Intel after the launch of Panther Lake chips — says investment in company already bringing ‘tens of billions of dollars for the American people’

President Donald Trump and Commerce Secretary Howard Lutnick went on their respective social media platforms to praise Intel and its CEO, Lip-Bu Tan, for the launch of the first chips made using the Intel 18A process node. They also said that it's another step towards the U.S. regaining its lead…

Tom’s Hardware

Can Congress find a path on government 'jawboning' limits? - Roll Call

Both parties say they want to rein in federal pressure on social platforms, but writing a new law could prove difficult to achieve.

Roll Call

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According to Donald Trump’s math, Big Pharma will soon be paying you to take their meds

Donald Trump is back on his favorite hobby of making outrageous claims. This week, he announced he’s slashing prescription drug prices by “400, 500, and even 600 percent.” That basically means pharmacies will hand you pills for free and Venmo you $20 for your trouble.

The Mary Sue

Secretary of Commerce gets schooled on basic maths after Donald Trump’s impossible claim about drug prices

Donald Trump and his cabinet really are that dumb.

We Got This Covered

Senators press FCC's Carr in wake of Kimmel controversy - Roll Call

Senate Commerce Committee Democrats pushed Carr over comments that appeared to threaten local TV affiliates' licenses.

Roll Call

France sues AliExpress and Joom over illegal child-like sex dolls

France will take online marketplaces AliExpress and Joom to court for selling child-like sex dolls, Commerce Minister Serge Papin announced on Wednesday. The move comes as Shein faces separate legal action for offering similar products.

Radio France Internationale

US Commerce Department Pushes Q3 GDP Estimate To Just Before Christmas, Stirring Political Jabs

The U.S. Department of Commerce has delayed the release of the initial third-quarter gross domestic product (GDP) estimate to just before Christmas, as federal agencies race to clear a backlog of critical economic reports created by the recent government shutdown.

Benzinga

Aficionados fret as Trump moves to make pasta great again

The U.S. Commerce Department has launched an antidumping review targeting Italian pasta, claiming it’s sold below market prices

The Independent UK

Trump administration and private investors sign off on $1.4 billion deal with rare earth startups

The Trump administration and private investors are partnering with two rare earth startups in a $1.4 billion deal to scale up the nation’s access to materials and technology that is crucial for producing an array of high-tech goods and military equipment

The Independent UK

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Reason

This Company Makes 65 Percent of the Wi-Fi Routers in U.S. Homes. The Government Wants To Ban Them.

Just like with TikTok, lawmakers may soon ban a popular consumer product over fears of what it could potentially be used for.

Tom’s Hardware

TP-Link routers face potential U.S. ban over alleged China-related national security concerns — company "vigorously disputes" Department of Commerce's findings

Already under intense scrutiny for alleged ties to China, TP-Link, a now-U.S.-based and operated company is on the verge of being banned. In a new proposal concocted by the Department of Commerce, and backed by the Department of Justice, Defense and Homeland Security, TP-Link routers might no longer be allowed…

Roll Call

Tech execs give qualified backing to 'jawboning' legislation - Roll Call

Google, Meta officials said they for now support Senate Commerce Chair Ted Cruz's plan for a bill that would target social media censorship.

The Independent UK

Democrats blast Trump’s decision to export US-made guns, saying they can wind up in hands of terrorists

Opposition slams administration for removing restrictions on firearms exports, calling move ‘a gift to violent cartels and drug traffickers’

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International Business Times

China, US 'Can Find Ways To Resolve Concerns' As Negotiators Set To Meet

Beijing and Washington "can totally find ways to resolve each other's concerns", China's commerce minister said Friday, as officials from both sides were set to meet in Malaysia for trade talks.

TechRadar

Hundreds of Adobe Magento stores hit after critical security flaw found - here's what we know

Adobe patches a deserialization vulnerability in Magento and Commerce.

Tom’s Hardware

Trump administration to follow up Intel stake with investment in quantum computing, report claims — tens of millions of CHIPS Act dollars could be paid out to leading companies in exchange for equity

The U.S. government is in talks to take equity stakes in major quantum computing startups in exchange for at least $10 million each in funding from the Commerce Department.

Euronews

European Commission calls for no escalation with China over rare earths

In a tense context for European companies, European Commissioner for Trade Maroš Šefčovič held a phone call on Tuesday with his Chinese counterpart Commerce Minister Wang Wentao over rare earth export restrictions.

Benzinga

Nvidia CEO Jensen Huang Reportedly Frustrated As Trump's Commerce Secretary Slows UAE Chips Deal Over China Link

A multibillion-dollar deal for Nvidia Corporation (NASDAQ:NVDA) to supply advanced AI chips to the UAE has been stalled for months, reportedly frustrating CEO Jensen Huang as U.S. Commerce Secretary Howard Lutnick pushes Abu Dhabi to finalize investments before shipments proceed.

Benzinga

Trump And Lutnick Demand: Half Of America's Chips Must Be Made At Home—Or Else

President Donald Trump and Commerce Secretary Howard Lutnick have placed a bold demand on the global semiconductor industry: half of all chips used in America must be manufactured in America.

Tom’s Hardware

US Commerce head notes China 'isn't even shy' about its goal to 'take' Taiwan, says US-Taiwan tariff deal coming soon — goal is to have 40% of chips made in America

Commerce Secretary Howard Lutnick said Saturday that a major semiconductor deal with Taiwan was coming “pretty soon,” signaling a potential breakthrough in U.S. efforts to shore up domestic chip production.

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