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The Latest Breaking News from the Commerce Department

US gov't revokes controversial AI hardware export rule that would mandate investments from foreign companies — new export rules are still in the works, though

U.S. Department of Commerce withdraws draft export rule for AI accelerators that would give the U.S. government ultimate power over export controls and mandate investments of foreign firms in the U.S. AI sector.

Tom’s Hardware

US economy expanded at sluggish 0.7% in fourth quarter, government says, downgrading first estimate

The U.S. economy, hobbled by last fall’s 43-day government shutdown, advanced at a sluggish 0.7% annual rate from October through December, the Commerce Department reported Friday in a big downgrade of its initial estimate

The Independent UK

Nvidia and AMD chips could be subject to U.S. approvals for foreign sales

Such a requirement would add a layer of bureaucracy to foreign sales of chips from U.S. chipmakers.

Axios

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US economy grows at 1.4% rate in fourth quarter, a dramatic slowdown

A downturn in government and consumer spending contributed to the slowdown in fourth-quarter growth

The Independent UK

Immigrant rights groups seek to dismiss a Republican lawsuit to exclude noncitizens from US census

Immigrant rights groups are seeking to toss out a Republican lawsuit that would prohibit the U.S. Census Bureau from counting people who are in the U.S. illegally during the 2030 census

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

The Independent UK

A $3 Billion Reason to Buy This Rare Earths Stock

USA Rare Earth is a critical metals mining company forecast to expand at a rapid pace, driven by U.S. government investments.

Barchart

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Trump administration cuts number of sites for testing the 2030 census, focusing on the South

The Trump administration is eliminating four out of six planned locations for a 2030 census practice test

The Independent UK

Trump signs executive order to curtail state AI laws

This move contrasts with calls from members of Congress who have advocated for greater oversight of the powerful technology

The Independent UK

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

Tariffs Near 107 Percent Threaten to Pull Italian Pasta Brands From American Shelves

The Commerce Department’s new antidumping duties could double the cost of imported Italian pasta—hurting consumers more than producers.

Reason

Trump tariffs on pasta could soon top 100 percent: ‘Double the price’

‘I believe this is totally inappropriate, because Italy and America are brothers. It is an excuse not to let Italian products in,’ says one pasta maker

The Independent UK

Quantum Stocks Are Trading Higher Monday: What's Going On?

Quantum stocks are trading higher Monday following recent reports indicating the Trump administration is in talks to take equity stakes in quantum-computing firms.

Benzinga

Why higher tariffs on Canadian lumber may not be enough to stimulate long-term investments in US forestry

Lumber, especially softwood lumber like pine and spruce, is critical to U.S. home construction. Its availability and price directly affect housing costs and broader economic activity in the building sector. The U.S. imports about 40% of the softwood lumber the nation uses each year, more than 80% of that from…

The Conversation

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Reason

Trump's 100 Percent Chip Tariff Could Make It More Expensive To Build More Semiconductors in the U.S.

Trump exempted imported chips from his reciprocal tariffs in April. Now he's threatening them with 100 percent rates.

The Independent UK

Experts independently resurrect Census Bureau advisory committee axed by Trump administration

A U.S. Census Bureau advisory committee disbanded by the Trump administration has reconstituted itself

Tom’s Hardware

Trump warns that he will soon announce ‘fairly substantial’ chip tariffs — chip companies investing in the US will be spared the brunt of the tariffs

The president said that his administration will 'very shortly' impose a 'fairly substantial' tariff on imported semiconductors from companies that are not making chips in the United States.

The Independent UK

Dumbbells, bulldozers and flatware: Some US companies are begging Trump to add their products to his tariff lists

Companies that manufacture American-made goods see opportunity in new taxes on competitors’ imports

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Benzinga

Cynthia Lummis Says Publishing US GDP Data On Blockchain Is A 'Historic Move' — Thanks Trump, Lutnick For Leadership

Cryptocurrency supporters hailed on Thursday the U.S. government's move to post GDP numbers on several blockchain platforms.

Euronews

Boost for Trump as US growth revised higher in Q2

The US economy rebounded this spring from a first-quarter downturn caused by fallout from President Donald Trump's trade wars.

Tom’s Hardware

U.S. gov't seizes $7.4 billion semiconductor research fund created under Biden admin, calling it 'illegal' — Lutnick says fund 'served as a semiconductor slush fund that did nothing but line the pockets of Biden loyalists with American tax dollars'

The US Commerce Department of the Trump administration has pulled back billions of dollars in funding for a non-profit aimed at promoting US chip design and fabrication, suggesting that its appointment under the Biden administration somehow made it inappropriate for distributing taxpayer funds.

Reason

Trump's Steel Tariffs Now Apply to Milk and Hundreds of Other Products That Aren't Steel

It makes little sense, but that's what happens when you give the president unchecked, unilateral tariff powers.

Al Jazeera

Trump says undocumented immigrants will not be counted in new US Census

US president says he directed the Commerce Department to immediately work on a ‘new and highly accurate’ survey.

PC Gamer

Alleged 3-person smuggling operation accused of shifting tens of millions of dollars’ worth of AI chips to China potentially faces up to 20-year prison sentence

The defendants allegedly received $1 million payments from China-based companies.

Tom’s Hardware

Nvidia H20 GPUs reportedly caught up in U.S. Commerce Department's worst export license backlog in 30 years — billions of dollars worth of GPUs and other products in limbo due to staffing cuts, communication issues

The U.S. Commerce Department is so behind on approving export licenses that billions of dollars worth of GPUs and other products are stuck in limbo waiting to be shipped, in the worst case of license stalling in over 30 years.

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