Howard Lutnick, the commerce secretary, suggested government spending should be excluded from data about U.S. economic output.
Category: Commerce Department
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TSMC, the Chip Giant, Is to Spend $100 Billion in U.S. Over the Next 4 Years
The investment plan, announced at the White House, was made as the Trump administration pushes to bring chip making back to the United States.
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Trump Turns Up Trade Pressure on China After Beijing Fails to Come Running
China is still cautiously trying to figure out what Trump wants. The president has threatened big tariffs in response to the inaction.
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Trump Picks Another Trade Fight With Canada Over Lumber
The president initiated an investigation that could lead to tariffs on lumber imports, nearly half of which comes from Canada.
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Senate Confirms Howard Lutnick as Commerce Secretary
A longtime Wall Street executive, Mr. Lutnick will take on a broad portfolio that includes defending U.S. business interests and overseeing restrictions on technology exports.
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Why Investors Appear Unfazed by the Latest Trump Tariffs
The dollar fell and global stock markets are holding up despite President Trump announcing his plan to impose reciprocal tariffs on trading partners.
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What Is a Sovereign Wealth Fund? Trump’s Executive Order, Explained
Sovereign wealth funds invest state or government money. They’re typically created from budget surpluses or revenues from oil or other commodities.
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Inflation Ticked Up in December, Fed’s Preferred Measure Shows
The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.
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Howard Lutnick, Trump’s Commerce Nominee, Discloses Business Interests
Howard Lutnick disclosed details of complex financial interests, including at least $800 million in assets and positions in more than 800 companies.
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A Trump Oligarchy Is Moving to Washington, and Buying Up Prime Addresses
Billionaires and multimillionaires are flocking to a city where power has been more important than money, but is now deeply intertwined with it.
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Trump Chose 8 Economic Experts Who Will Defend Tariffs and Lower Taxes
President-elect Donald J. Trump has moved beyond the team-of-rivals approach from his first term and chosen economic aides who will defend tariffs and tax cuts.
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U.S. Weighs Ban on Chinese Drones, Citing National Security Concerns
The Commerce Department requested that private companies comment on the implications of the rule by March. The final decision will fall to the Trump administration.