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The Latest Breaking News from Commerce

US launches plan to bring back foreign tourists

Washington (AFP) - In an effort to win back billions of dollars in tourism revenue lost during the Covid-19 pandemic, the US government on Monday launched a plan to attract 90 million international travelers a year.

AFP

US orders seizure of two aircraft owned by Russian oligarch Abramovich

New York (AFP) - The US Justice Department ordered the seizure Monday of two aircraft owned by Russian oligarch Roman Abramovich, saying they had been used in violation of sanctions on Russia imposed over its invasion of Ukraine.

AFP

Tariffs Are Adding to Inflation. Biden's Commerce Secretary Says Repealing Some 'May Make Sense.'

Tariffs imposed by President Donald Trump and kept in place by President Joe Biden are costing consumers $51 billion annually.

Reason

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Biden administration to invoke Defense Production Act for solar industry, other clean tech

Solar developers say an ongoing trade enforcement probe has stalled new projects.

Axios

Biden taps brakes on solar tariffs, moves to boost clean energy - Roll Call

The White House says a Commerce Department investigation of solar-energy components from China will continue, but stops tariffs for two years.

Roll Call

Biden commerce secretary shifts blame for inflation on to Russia’s war in Ukraine

Gina Raimondo’s comments seen as part of a White House push to deflect blame for nation’s economic troubles away from Biden

The Guardian - US

US Mulls Lifting Some China Tariffs to Fight Inflation

US Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden has asked his team to look at the option of lifting some tariffs on China that were put into place by former President Donald Trump, to combat the current high inflation. "We are looking at it. In fact,…

Asharq Al-Awsat

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Global chip shortage likely to last through 2023: US official

Washington (AFP) - The global shortage of critical semiconductors is likely to last at least through next year and perhaps longer, US Commerce Secretary Gina Raimondo warned on Tuesday.

AFP

Exports up 9.9% in April, below forecast

Thailand's exports in April rose at a much slower pace than the previous month and less than expected, commerce ministry data showed on Friday, coming under the pressure of Russia's invasion of Ukraine and China's lockdown measures.

Bangkok Post

Trade envoy signals Canada will protest Russian war at Apec, other summits

SINGAPORE: Canadian Trade Minister Mary Ng signalled on Wednesday that the country may continue to protest the war in Ukraine at multilateral summits involving Russian officials after doing so in Bangkok over the weekend.

Bangkok Post

Atom Bank reported to be in talks with former Trump Secretary of Commerce ahead of US listing

Reports suggest the North East-based digital bank could merge with a firm belonging to billionaire US businessman Wilbur Ross

Birmingham Post

Roof producers seek AD waiver extension

Thai steel roofing producers have called on the Commerce Ministry to help extend anti-dumping (AD) duty waivers or scrap the AD measures on imported steel used in metal sheet production.

Bangkok Post

Russia eager to see trade top $10bn with Thailand

Russia is adamant about its push for bilateral trade with Thailand reaching US$10 billion (330 billion baht) a year after showing strong interest in investing in the kingdom, says Deputy Prime Minister and Commerce Minister Jurin Laksanawisit.

Bangkok Post

'World's biggest free trade area' to be meeting's focus

Commerce Minister Jurin Laksanawisit will chair four days of Asia-Pacific Economic Cooperation (Apec) meetings that have as part of their agenda the ambitious goal of creating the world's biggest free trade area.

Bangkok Post

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Axios

White House tries to soothe China solar panel probe fallout

The Biden administration is trying to mitigate political fallout of its own making.

Tribune News Service

Possible new tariffs dimming outlook for Colorado’s solar industry

A federal investigation into whether China is getting around tariffs on solar panels has Colorado’s expanding solar energy industry warning of layoffs, soaring prices and lights out for new projects.

The Independent UK

Russians forced to use household appliances in military gear because of sanctions, US says

Commerce Secretary Gina Raimondo said that Putin’s forces using chips from dishwashers and refrigerators

Bangkok Post

Child safety seat price-fixing probed

The Commerce Ministry has ordered an investigation into complaints that some vendors have marked up prices of child booster seats for cars following an announcement of a new regulation that will make them mandatory.

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Reuters

U.S. seeks better supply chain resilience with Southeast Asia -Raimondo

U.S. Commerce Secretary Gina Raimondo said on Thursday that the United States was looking to deepen resilience of supply chains with Southeast Asian partners.

Reuters

China opposes semiconductor bill because it will give U.S. advantage -U.S. commerce chief

U.S. Commerce Secretary Gina Raimondo said Wednesday the Chinese government opposes an effort in Congress to ramp up U.S. semiconductor manufacturing because it will give the United States more of a competitive punch.

The Independent UK

Raimondo: Inquiry on solar imports follows the law

Commerce Secretary Gina Raimondo pushed back forcefully Wednesday against critics — including some within the Biden administration — who say a government investigation of solar imports from Southeast Asia is hindering President Joe Biden’s ambitious climate goals

WEKU

Solar projects are on hold as U.S. investigates whether China is skirting trade rules

A federal investigation of allegations that China is illegally avoiding duties on solar panels sold to U.S. companies is putting the brakes on the nation's solar power build-out.

Bangkok Post

State to let some prices rise, minister concedes

Commerce Minister Jurin Laksanawisit has admitted that certain products will be allowed to increase their prices because of higher oil costs, which directly affect production costs and transport fees.

Bangkok Post

Jurin's fruit campaign to encourage Thai consumption

The Commerce Ministry is beefing up fruit promotion campaigns to stimulate domestic consumption and offset lower exports of the food, which are being hit hard by the ongoing closure of China's key border checkpoints.

Bangkok Post

Ministry to host Apec trade talks

The Commerce Ministry is set to host Asia-Pacific Economic Cooperation (Apec) trade ministers in Bangkok, with renewed talks on the long-delayed Free Trade Area of the Asia-Pacific (FTAAP) and open economies topping the agenda.

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