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The Latest Breaking News from Commerce

Two Texans in Congress defend CHIPS Act in the face of Trump’s criticism

Although the president has said he wants to “get rid of” the act, Rep. Michael McCaul and Sen. John Cornyn say it supports jobs and national security.

The Texas Tribune

Tariffs are ‘worth it’ even if they cause a recession, claims Commerce secretary

Howard Lutnick hails Trump’s tariffs as revenue generators. What he failed to mention is that American consumers pay the extra revenue

The Independent UK

Ontario Premier Walks Back 25% Electricity Hike For U.S. Exports After Trump's Revenge Tariffs

Ontario Premier Doug Ford said he will suspend its 25% surcharge on electricity exports to three U.S. states after having a conversation with Commerce Secretary Howard Lutnick

Latin Times

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Dave Portnoy claims White House reached out to hire him for Commerce Department job

Portnoy, who has been a consistent and vocal supporter of Trump, made the claim in a video posted on X

The Independent UK

Trump's tariff and cuts chaos 'rattles even Republican-leaning small firm bosses' as US stocks fall

The US president has doubled his planned tariffs on all imports of steel and aluminum products from Canada to 50%

Evening Standard

Trump has made clear to the cabinet that ‘Elon is your partner,’ Commerce Secretary Howard Lutnick says

Despite reports of ill-tempered exchanges between Elon Musk and cabinet members in a Thursday meeting, Lutnick said that the secretaries still “want his help.”

Fortune

Commerce Secretary Lutnick says most tariffs on Canada, Mexico likely to be delayed a month

U.S. Commerce Secretary Howard Lutnick said Thursday in a television interview that President Donald Trump will “likely” suspend the 25% tariffs on Canada and Mexico for most products and services for a month, broadening an exemption that was granted on Wednesday only to autos

The Independent UK

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$BTC Climbs On News Trump Will Announce Bitcoin Reserve At Crypto Summit

Bitcoin pumped Wednesday night after Commerce chief Howard Lutnick said he is expecting a U.S. strategic Bitcoin reserve to be announced at the first White House crypto summit on Friday.

International Business Times

US Signals Possible Exemptions In Canada, Mexico Tariffs

US Commerce Secretary Howard Lutnick said an announcement on Canada and Mexico tariffs was expected later Wednesday, signaling potential relief for specific sectors such as automobiles, a day after the steep levies took effect.

International Business Times

US Official Says Possible Canada, Mexico Tariff Relief On 'Categories'

International Business Times

Howard Lutnick Seems to Walk Back Trump's Hard Stance of Tariffs And Meet Canada, Mexico 'In Middle Some Way'

U.S. Commerce Secretary Howard Lutnick anticipated the possibility that President Donald Trump will announce a reduction of tariffs on Canada and Mexico

Latin Times

Trump may roll back Mexico and Canada tariffs as soon as today

Commerce Secretary Howard Lutnick hinted President Trump is already considering tariff concessions.

Fortune

S&P Futures Climb on Hints of Tariff Compromise, U.S. ADP Jobs Report in Focus

March S&P 500 E-Mini futures (ESH25) are trending up +0.73% this morning, rebounding from yesterday’s losses after U.S. Commerce Secretary Howard Lutnick said the Trump administration might dial down some trade tariffs.

Barchart

‘This game of chicken has to stop’

Also: Buffett and Bessent disagree on tariffs, Chipotle CEO will try not to increase prices after tariffs.

Fortune

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Top News

Government Spending And GDP Separation Proposal Sparks Economic Debate

Commerce Secretary proposes separating government spending from GDP reports for enhanced economic measurement and stability.

International Business Times

Commerce Secretary Lutnick Pushes For 'Transparent' GDP Calculation By Removing Government Spending

Howard Lutnick's remarks came in response to concerns over whether the spending cuts advocated by Elon Musk's Department of Government Efficiency (DOGE) might lead to a recession.

Fortune

Trump is still mulling over new Canada and Mexico tariffs with deadline looming, Howard Lutnick says

Secretary Lutnick hedged his bets about the economic sanctions being leveled against Canada and Mexico from tomorrow—and refused to rule out a 25% import duty.

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The Independent UK

The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts

Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic product

The Independent UK

Trump’s Commerce Secretary claims 250K are already waiting for gold cards - but there is nowhere to sign-up

Gold card program would begin in roughly two weeks

Dynamite News

Trump to impose tariffs on Mexico, Canada

US President Donald Trump said on Wednesday at his first Cabinet meeting that the drop in illegal border crossings into the United States since he took office is "not stopping. Read further on Dynamite News:

Al Jazeera

Trump’s ‘gold’ visa: Who qualifies, what it costs and why it’s divisive

Foreigners will soon be able to buy US residency – and a pathway to citizenship – for about $5m, Trump says.

International Business Times

Trump Announces $5M Gold Card – How To Buy US Citizenship Through The New Immigration Scheme

President Trump has announced a new immigration program with a direct pathway to becoming an American citizen, but it's only for "high-level" people with funds available to purchase what he called the "Gold Card."

AAP

NZ Minister quits after 'animated' incident with staff

New Zealand Prime Minister Chris Luxon has accepted the resignation of his commerce minister, who touched a staff member during a heated discussion.

Top News

Howard Lutnick Sworn In As Commerce Secretary By VP Vance

Howard Lutnick takes office as Commerce Secretary, focusing on budget balance and economic growth.

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