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The Latest Breaking News from the Department of Commerce

India exports $140 million worth of goods at zero duty on first day of UK trade pact

India and the UK marked a significant step in trade relations on Wednesday by launching a new economic pact enabling zero-duty access for Indian exports to the UK. After conducting more than 800 technical meetings to perfect this extensive agreement, both nations anticipate a boost in bilateral trade and overall…

The Economic Times

India, Canada conclude third round of talks on proposed trade pact

India and Canada concluded their third CEPA negotiation round in Ottawa. Both nations aim to finalize this comprehensive economic partnership agreement this year. Discussions covered trade in goods, services, and intellectual property rights. Bilateral trade targets fifty billion US dollars by the year 2030. This agreement seeks to strengthen economic…

The Economic Times

US govt lifts restrictions on powerful AI models, Anthropic says

Anthropic will soon begin restoring access globally to its most powerful AI models, Fable 5 and Mythos 5, after the US government lifted a restriction on where they could be released, the company said Tuesday. "We've received notice that the Department of Commerce has lifted export controls on Claude Fable…

The Economic Times

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AI executive action stalled by White House infighting

Early talk of federal safety reviews of new AI models has cooled off.

Axios

Washington’s $1.6B Endorsement Turns USA Rare Earth Into a Force

A government funding package for USA Rare Earth creates a new national champion for heavy critical minerals while reshaping the domestic mining sector.

MarketBeat

DJI and other drone companies get a partial reprieve in the US – but the ban on new models still stands

The Department of Commerce has decided not to make the US's worrying 'DJI ban' even worse.

TechRadar

BoE predicts budget measures will lower inflation, and denies uncertainty caused unusual bond market volatility – as it happened

Rolling coverage of the latest economic and financial news, as Bank of England policymakers testify to MPs on the Treasury committee

The Guardian - UK

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Nvidia Cleared to Sell H200 Chips to China, Resetting AI Power Dynamics

In a major trade policy shift, President Donald Trump announced the removal of export controls on Nvidia's H200 chips for 'approved customers' in China, reversing a key restriction.

International Business Times UK

Trump clears way for Nvidia to sell powerful AI chips to China

Commerce department finalising deal to allow H200 chips to be sold to China as strict Biden-era restrictions relaxed

The Guardian - US

Office of Space Commerce faces an uncertain future amid budget cuts and new oversight

An expert talks about the Office of Space Commerce (OSC) and its role in the wider regulatory landscape affecting commercial use of outer space.

Space

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

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…

Tom’s Hardware

Office of Space Commerce faces an uncertain future amid budget cuts and new oversight

When I imagine the future of space commerce, the first image that comes to mind is a farmer’s market on the International Space Station. This doesn’t exist yet, but space commerce is a growing industry. The Space Foundation, a nonprofit organization for education and advocacy of space, estimates that the…

The Conversation

White House reveals nebulous plans to put government data on the blockchain — 'The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto president'

The White House announced plans to put statistics on 'the blockchain' for... reasons.

Tom’s Hardware

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Benzinga

Commerce Secretary Lutnick: US GDP Statistics To Be Published On Blockchain

U.S. Commerce Secretary Howard Lutnick on Tuesday said the Department of Commerce will begin publishing its statistics on the blockchain, including gross domestic product (GDP).

PC Gamer

White House says it's still working on the 'legality' of 15% China tax for Nvidia and AMD GPU sales as it threatens similar deals with other companies

You get the feeling Nvidia and AMD aren't arguing.

Tom’s Hardware

White House confirms it's still figuring out the legality of the revenue-sharing Nvidia and AMD deal for China GPU sales — 'The legality of it, the mechanics of it, is still being ironed out'

Trump's 15% deal with Nvidia and AMD needs to go through some legal hoops.

Fortune

Nvidia is nixing China from its financial forecasts because U.S. restrictions on chip sales have tightened so much, Jensen Huang says

The chip executive is “10% politician, 90% CEO,” Wedbush analyst Dan Ives said. “He needs to be cautious on their financial guidance, given the China variable.”

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The Independent UK

Trump threatens 100% tariff on foreign-made films

President Donald Trump is opening a new salvo in his tariff war, targeting films made outside the U_S_ Trump said Sunday night that he has authorized the Department of Commerce and the Office of the U_S_ Trade Representative to slap a 100% tariff “on any and all Movies coming into…

Salon

Trump proposal may gut climate modeling

Potential funding cuts for NOAA and its research partners threaten irreparable harm to climate research and safety

The Guardian - US

Trump administration has set Noaa on ‘non-science trajectory’, workers warn

Researchers left at US climate agency say drastic cuts could leave air ‘not breathable’ and water ‘not drinkable’

The Guardian - US

‘Cruel and thoughtless’: Trump fires hundreds at US climate agency Noaa

Employees received emails saying their jobs would be cut off at end of day in move called ‘wrong all around’

Top News

Senate Confirms Howard Lutnick As Secretary Of Commerce

Howard Lutnick confirmed as Secretary of Commerce, tasked with overseeing economic activities and promoting American businesses and trade. Senate confirms ...

Salon

Lutnick's crypto ties under scrutiny

Lutnick hasn't committed to recusing himself from a group Trump ordered to develop crypto policies

The Guardian - US

Doge staffers enter Noaa headquarters and incite reports of cuts and threats

Members reportedly sought access to IT systems at agency that Project 2025 has called ‘harmful to US prosperity’

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