Commerce Secretary Howard Lutnick cancels ‘unlawful’ $7.4B deal to fund semiconductor research for a nonprofit associated with Biden.
Commerce Secretary Cancels Funding Agreement for Semiconductor Research WASHINGTON – Commerce Secretary Howard Lutnick has terminated the Biden administration’s agreement to distribute substantial funding for semiconductor research via nonprofit organizations, as revealed in a letter obtained by the Post. The 2022 Chips and Science Act allocated $11 billion for semiconductor R&D, which was meant to […]
Shifting from assistance to commerce: Adjusting US strategy for worldwide success
The recent closure of the US International Development Agency highlights a shift in America’s approach to global development. The strategy appears to be moving away from traditional aid, leaning instead toward commercial partnerships driven by mutual economic interests. For quite a while, developing nations have been pushing for more investment in US trade relations and […]
Commerce Secretary Lutnick states that Intel must provide a government share for CHIPS funding.
Commerce Secretary Confirms Plans for Chip Investment On Tuesday, Commerce Secretary Howard Lutnick announced the government’s intention to acquire 10% of Inter’s shares in exchange for $8 billion in chip law funds that the Biden administration has approved. Lutnick emphasized that this investment would benefit struggling chip manufacturers. “We need to get equity stakes for […]
Trump instructs the Commerce Department to start preparing for a new census: ‘Individuals in our country without authorization WILL NOT BE INCLUDED’
Trump Directs New Census Preparation President Donald Trump announced on Thursday that he has instructed the US Department of Commerce to start preparations for a new census. He emphasized that illegal immigrants living in the country should not be included in the final tally. “I have instructed our Commerce Department to immediately begin work on […]
Chamber of Commerce leads effort to promote Trump’s and the GOP’s major legislation after Medicaid conflict
The U.S. Chamber of Commerce is stepping up to assist Congressional Republicans in promoting Trump’s major budget proposal, especially after the recent fallout over significant Medicaid cuts, which have tarnished some of the administration’s legislative achievements. This prominent business organization plans to host numerous roundtable discussions focused on tax reductions and the potential economic growth […]
New strategy to reduce Russian energy reliance and safeguard US commerce
Trump’s Growing Frustration with Russia President Trump is reportedly becoming increasingly frustrated with Russian President Vladimir Putin. For roughly two months now, he has been threatening the Kremlin with what’s known as “secondary” sanctions, primarily targeting countries that continue to buy Russian energy resources. It seems that many in Russia are taking Trump’s warnings seriously […]
Possible extension of US-China tariff freeze anticipated, South Korea keen to finalize trade agreement, Commerce Secretary Howard Lutnick states
Commerce Secretary Howard Lutnick indicated on Monday that the Trump administration is likely to extend the suspension of tariffs on China as trade talks progress, but noted that South Korea is very eager to finalize a deal. In an interview with Brett Beyer on Fox News’ Special Report, Lutnick remarked that while discussions are ongoing, […]
China Stopping U.S. Commerce Department Worker from Departing
A report highlights that US Department of Commerce staff members traveling to China to visit family find themselves unable to leave, as their employment details are seen as a potential risk. According to sources familiar with the situation, noted in the Washington Post, a Chinese-American individual remains in this predicament due to China’s contentious policies […]
We have initiated a lawsuit that may reverse Wickard and restrict Commerce Clause authorities.
Roscoe Philburn operated a wheat farm in rural Montgomery County, Ohio. When he used his harvest to feed his family, he found himself at odds with the federal government. This was 1938, a time when the U.S. was grappling with the Great Depression and the Dust Bowl. Farmers, particularly wheat growers, faced plummeting prices, leading […]
John Kennedy Shares on ‘Morning Joe’ His Confusion About Trump’s Commerce Secretary Regarding Tariffs
Senator John Kennedy from Louisiana expressed confusion over Commerce Secretary Howard Lutnick’s views on tariffs and trade negotiations during a Senate Commerce Committee hearing. Lutnick had previously stated he wouldn’t engage in trade with countries that did not impose tariffs or barriers that could benefit China’s economy. Feeling puzzled by Lutnick’s responses, Kennedy mentioned on […]