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The Latest Breaking News from the Commerce Department

New 21% Tariff Will Make Fresh Tomatoes More Expensive

Trump hopes you like tomato sauce!

Reason

US Retail Sales Climb 1.4% In March, Fueled By Auto Buys

Retail sales climbed 1.4% in March, surpassing the modest February's 0.2% uptick, according to the Commerce Department. On an annual basis, sales were up 4.6%, with the figures adjusted for seasonal fluctuations.

International Business Times

US moves ahead with tariffs - launching pharma and chip investigations

The Trump administration has taken its next steps toward imposing more tariffs on key imports, launching investigations into imports of computer chips, chip making equipment and pharmaceuticals.

Euronews

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US moves ahead on tariffs with investigations into computer chips and pharmaceuticals

The Trump administration has taken its next steps toward imposing more tariffs on key imports, launching investigations into imports of computer chips and products that contain them, chip making equipment and pharmaceuticals

The Independent UK

Who will Trump’s 25% auto tariffs hurt the most?

Trump will levy duties of 25 percent on all imports of fully assembled vehicles from April 3

The Independent UK

Ohio officials hopeful Intel gets plant funds targeted by Trump - Roll Call

President Donald Trump called for a rollback of billions for U.S. microchip plants, possibly threatening funds for Intel and others.

Roll Call

Michael Grimes, Star Banker Behind Musk's Twitter Buyout, To Lead Sovereign Wealth Fund: Reports

Michael Grimes has reportedly been recruited to lead the sovereign wealth fund being pushed by U.S. President Donald Trump – he is known as a key dealmaker in the investment realm and also for his role in Elon Musk's acquisition of Twitter.

International Business Times

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White House to overhaul $42.5bn Biden-era internet plan – probably to Elon Musk’s advantage

Billionaire cost-cutter’s Starlink service the likely beneficiary of Trump plan to alter rural internet program

The Guardian - US

Census Bureau under Trump cuts loose expert advisors who work for free

The U.S. Census Bureau has eliminated outside advisory committees of demographers, statisticians and advocacy group leaders who provided technical guidance and expertise

The Independent UK

Last year, GDP expanded by 2.8% and the private sector added 1.5 million jobs—but Trump’s Treasury secretary claims that growth was ‘brittle underneath'

Scott Bessent said the private sector “has been in a recession.”

Fortune

Trump Launches Probe Into Alleged Lumber Dumping In The U.S.

If the investigation confirms evidence of dumping, the president has the authority to implement retaliatory measures, such as imposing quotas and tariffs.

International Business Times

Trump is reportedly planning a Postal Service takeover. The White House denies any such executive order is in the works

The president is expected to sign an executive order that would fire the governing board of the U.S. Postal Service and leave the agency to the Commerce Department and secretary Howard Lutnick, per reports.

Fortune

White House denies Trump is moving to take over Postal Service despite reports of looming executive order

The 250-year-old independent agency could soon be absorbed by the Commerce Department, according to a report

The Independent UK

Trump Reportedly Seeks Hostile Takeover Of USPS, Union Decries 'Outrageous, Unlawful' Plans

The U.S. president is reportedly expected to sign an executive order soon that will fire the U.S. Postal Service's governing board and place the agency under the Commerce Department.

International Business Times

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International Business Times

US Retail Sales See Biggest Drop In Nearly Two Years On Harsh Weather

US retail sales plunged by the most in almost two years last month as cold weather hit the country alongside wildfires in California, data showed Friday, reflecting broad declines while President Donald Trump returned to office.

International Business Times

US Trade Gap Swells In 2024 As Deficits Under Fresh Scrutiny

The US trade gap swelled last year to nearly $920 billion, according to government data released Wednesday, as deficits come under the spotlight with President Donald Trump's return to the White House.

Roll Call

Social policy cuts likely from swath of tech initiatives - Roll Call

Commerce secretary nominee Howard Lutnick may cut tech initiative spending such as semiconductor subsidies or broadband expansion.

Roll Call

Senate panel advances Lutnick for Commerce secretary - Roll Call

The Senate Commerce, Science and Transportation Committee advanced Howard Lutnick’s nomination to lead the Commerce Department.

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Top News

US Economy Grows At 3.1% In Third Quarter

American economy grew by 3.1% in Q3 driven by consumer spending and exports, with concerns over inflation and recent political developments.

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