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Tariff exemption process remains "frustrating" for companies submitting applications
Ronnie Smith at McMahon Steel is not convinced the people evaluating his requests were prepared to do so.
Trump has you to thank for those good GDP numbers
This post was updated on July 27 at 7:54 a.m. CT. The Commerce Department has released second-quarter gross domestic product numbers this morning, showing that the U.S. economy grew at an annual rate of 4.1 percent — the fastest pace since 2014. That figure was driven by exporters rushing to get products delivered ahead of […]
As new tariffs are announced, Commerce Dept. faces crunch over exclusion applications
U.S. tariffs announced today will affect more than 800 products from China, everything from aircraft tires and boat motors to cranes and bulldozers. Government officials say they’ll give U.S. companies the chance to request that certain products they import from China be excluded from the tariffs. Already, thousands of companies have filed applications with the […]
The U.S. trade deficit got smaller in April but a wider lens shows a less rosy picture
Fluctuations in the trade deficit coupled with recent trade tensions cause a rebalancing of trade flow.
Congress weighs changes to foreign investment oversight
The Foreign Investment Risk Review Modernization Act is likely headed for a vote in the Senate Banking Committee on Tuesday.
Here’s why U.S. small businesses don’t export more
The Commerce Department kicks off World Trade Week on Monday. It’s honoring 43 U.S. exporters. Thirty-three of them are small- or mid-sized businesses. But as it turns out, small businesses could be exporting more. Click the audio player above to hear the full story.
Study finds housing shortages in 22 states
The Commerce Department reports March housing starts Tuesday, giving us a snapshot of new home construction. U.S. housing production is finally returning to pre-recession levels, but a new report underscores that we’re still not building new homes fast enough to meet demand in 22 states. And while much of that demand is in the state […]
Does data mean retailers are pulling back?
We got some number today hot off the keyboards of the folks at the Commerce Department. They show that retail spending in January was lower than December by 0.3 percent. That dip was notable because the consensus was actually that it would be slighter higher. A drop when you’re expecting an increase, that turned some […]
Trump administration hits Canada with new tariffs
The Commerce Department announced new tariffs of 3 percent to 24 percent on Canadian lumber companies, saying the Canadian government unfairly subsidizes the industry. Some American companies will have to pay the fee retroactively for orders delivered in the last 90 days. This debate has been ongoing for decades, and Canada denies it unfairly supports […]
Trump digs into trade abuse with two orders
President Trump issued two executive orders dealing with trade today. One will start a 90-day clock for the Commerce Department to report back on countries unfairly subsidizing their exports to the U.S. That’s called dumping. Second, the administration will look into whether countervailing duties imposed by the U.S. when it finds another country is dumping are […]