U.S. Commerce Secretary Wilbur Ross on Friday announced the U.S. will impose tariffs on $1.96 billion worth of aluminum sheet goods affecting 18 countries.
The Commerce Department announced Friday morning that it will prohibit U.S. business transactions with messaging app WeChat starting Sept. 20 and video-sharing app TikTok on Nov. 12.
Quicker approval times would be critical as the administration has reportedly been weighing a $1 trillion infrastructure plan.
Under the law, which took effect on Tuesday evening, individuals in Hong Kong found guilty of secession, subversion or terrorism will now be sentenced to life in prison.
Ross said it's natural to see some interruption to economic activity as the U.S. begins to reopen from the coronavirus-induced shutdown
Ross said the U.S. is still opposed to the use of Huawei technology in 5G and 4G networks and maintained that spying is a real concern.
The Commerce Department is revising its foreign-produced direct product rule and the Entity List of foreign companies subject to restrictions in the U.S. to "narrowly and strategically" target Huawei’s acquisition of semiconductors.
Commerce Secretary Wilbur Ross says Taiwan Semiconductor will produce "cutting edge" chip at new Arizona plant.
U.S. companies that operate in China, including Google and Starbucks, have begun closing some locations due to the outbreak.
President Trump signed the United States-Mexico-Canada Agreement on Wednesday.
The Trump administration has dangled the threat of double-digit tariffs on European automobiles to pressure the trading bloc into making a trade deal with the U.S.
US Commerce Secretary says this week's trade deals have solidified the economy
Commerce Secretary Wilbur Ross discusses how technology innovations and government spending overlap from CES in Las Vegas, Nevada.
A House vote would need to occur this week to ensure passage by year's end.
The USMCA requires 75 percent of automobile components be manufactured in the U.S., Canada and Mexico to avoid tariffs.
The major focus of phase one is on 'current trade'