The administration announced a $1.6 billion deal with USA Rare Earth. The firm also does business with Cantor Fitzgerald, which is run by the sons of President Trump’s commerce secretary.
Category: Commerce Department
-
Trump and ‘Taco!’ Roil Davos
Business leaders at the World Economic Forum were relieved by the president’s about-face on Greenland, but remain on edge about what could come next.
-
‘Adaptive Normalcy’ as the Trump Show Arrives at Davos
The president’s address at the World Economic Forum in Switzerland has trading partners and business executives on edge.
-
U.S. Trade Deficit Fell to Lowest Level Since 2009, Latest Data Show
The monthly trade deficit continued to shrink in October after President Trump imposed sweeping tariffs on foreign imports.
-
U.S. Economic Growth Surged in Third Quarter of 2025
Gross domestic product grew at a 4.3 percent annual rate, faster than the previous three months.
-
Democratic Lawmakers Request Review of Howard Lutnick’s Possible Conflicts
Lawmakers in the House and the Senate asked a government watchdog to determine if Howard Lutnick is following ethics guidelines in promoting data centers that benefit his family’s businesses.
-
As Prices Pinch, Bessent Looks for Ways to Mollify Wary Consumers
Treasury Secretary Scott Bessent has offered a variety of creative justifications for President Trump’s import duties.
-
Why Europe and the United States Are Still Haggling on Trade
While the two sides reached a broad agreement months ago, American officials will visit Brussels this week to discuss the details. Europe has a wish list, but so does the United States.
-
Family Affair: Commerce Secretary’s Sons Cash In on A.I. Frenzy
Howard Lutnick is helping push data center projects. His family companies are profiting from them.
-
Trump Officials Prepare Tariff Exemptions, Seeking to Lower Food Prices
If the proposal goes into effect, it would be the latest rollback of one of President Trump’s key economic policies over concerns about affordability.