Commerce News
Commerce
U.S. Secretary of Commerce Gina Raimondo recently presented the 2023 Presidential Awards for Export Achievements.
Commerce
Michel: ‘We thank our Taiwan partners for helping us reach this important milestone’ in signing a trade agreement
The Office of the U.S. Trade Representative expressed support of an agreement between the U.S. and Taiwan to strengthen and deepen trade between the two countries.
Commerce
Grewal: ‘You simply can’t ignore the rules because you don’t like them’
The U.S. Securities and Exchange Commission has filed complaints against cryptocurrency companies Coinbase Inc. and Binance Holdings Ltd. for several alleged securities law violations.
Commerce
Raimondo: 'The United States has provided a much-needed market for the steel that Ukraine is able to export'
Secretary of Commerce Gina Raimondo announced a presidential proclamation extending the temporary suspension of 232 Tariffs on Ukraine steel.
Commerce
Tai: Rapid Response Labor Mechanism ensures ‘workers at the Draxton facility can freely exercise their rights’
The United States is seeking a review of Mexico under the U.S.-Mexico-Canada Agreement’s Rapid Response Labor Mechanism because of suspected denial of workers’ rights at the Draxton facility in Irapuato, Guanajuato.
Commerce
Raimondo: 'We are making the most significant direct investment in climate resilience in the nation’s history'
The Biden-Harris administration announced a $2.6 billion framework through Investing in America Agenda to aid in the protection and restoration of coastal communities and marine resources.
Commerce
Tai: 'Our administration pledges to be an active ally in championing the rights of LGBTQI+ people'
U.S. Trade Representative Katherine Tai has underscored the Biden-Harris administration’s pledge to support the rights of lesbian, gay, bisexual, transgender, queer and intersex people during Pride Month.
Commerce
U.S. Rep. Thompson: 'Regulation by enforcement is not an appropriate way to govern a market'
The chairman of the U.S. House Committee on Agriculture earlier this week said the U.S. Securities and Exchange Commission's (SEC) recent lawsuits against crypto exchanges are "regulation by enforcement" and "not an appropriate away to govern a market."
Commerce
GOP House chairmen seek 'clear rules of the road for the digital asset ecosystem'
U.S. Reps. Patrick McHenry and Glenn Thompson, chairmen of the House Financial Services Committee and the House Committee on Agriculture, respectively, recently released a draft bill aiming to improve regulation of the digital asset industry.
Commerce
'Regulation by enforcement, and lawsuit by media': Despite calls for smart regulation, SEC sues crypto industry leaders
Following the announcement the US Securities and Exchange Commission had sued Binance, the world’s largest cryptocurrency exchange, prolific crypto legal commentator John Deaton criticized the SEC’s tactics of “regulation by enforcement” and “lawsuit by media” to address cryptocurrencies.
Commerce
Apple enters massive deal with Broadcom to develop 5G components: 'We'll continue to deepen our investments in the US'
Apple recently announced that it is entering a multiyear, multibillion-dollar agreement with U.S. technology and advanced manufacturing company Broadcom.
Commerce
Winkler: 'We will hold senior executives accountable for conduct that violates the securities laws'
The Securities and Exchange Commission reached a settlement with the former head of Wells Fargo and Company's Community Bank, involving a $3 million penalty.
Commerce
Lummis: 'I will not let President Biden tax the digital asset industry out of existence'
Sen. Cynthia Lummis (R-Wyo.) said she thinks the proposed Digital Asset Mining Energy (DAME) tax constitutes unfair targeting of the digital asset industry.
Commerce
Raimondo: Saunders' work has 'strengthened our relationships with trading partners'
Secretary of Commerce Gina Raimondo expressed her full support for Ian Saunders as the U.S. candidate for secretary general of the World Customs Organization.
Commerce
Raimondo: 'IPEF Supply Chain Agreement would be a win for American consumers, workers and businesses'
The United States, along with its Indo-Pacific Economic Framework partners, has reached a significant milestone by concluding negotiations on the IPEF Supply Chain Agreement.
Commerce
Vedova: 'Boston Scientific and M.I. Tech have abandoned their proposed transaction'
Boston Scientific Corporation confirmed the termination of its original agreement to acquire a majority stake in M.I.Tech Company, Ltd.
Commerce
Leading figures and organizations worldwide sign statement on mitigating AI risk: ‘a global priority’
In a significant and concerted move towards global consciousness about AI risks, several notable figures in AI research, policy-making, education, and other sectors have endorsed a statement issued by the Center for AI Safety.
Commerce
Raimondo: 'NOAA will be able to deliver even more accurate forecasts'
National Oceanic and Atmospheric Administration forecasters predict near-normal hurricane activity in the Atlantic for the upcoming season.
Commerce
Commerce Department to accept comments on Lake Erie marine sanctuary till July 18
The U.S. Department of Commerce will accept comments until July 18 during the first steps of the department's National Oceanic and Atmospheric Administration designating a new national marine sanctuary in Lake Erie, adjacent to Pennsylvania.
Commerce
Yale’s Gewirtz: ‘China official media flatly wrong that de-risking is same as de-coupling’
Paul Gewirtz, a law professor at Yale and Senior Fellow on Foreign Policy at the John L. Thornton China Center, penned a commentary piece for the Brookings Institute comparing the terms "de-risking" and "de-coupling."
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