The Innovation Ministerial Statement articulates shared principles across six pillars: pro-innovation policy frameworks; technology for opportunity and prosperity; skilled technical workforce development; intellectual property policies for artificial intelligence; AI for standards and standards for AI; and industrial innovation and investment in supply chains. Ministers also reached consensus on...

Today, G20 member ministers concluded a two-day Innovation Ministerial in Chapel Hill, North Carolina. The Ministerial was hosted by the Department of Commerce and the White House Office of Science and Technology Policy (OSTP). At the conclusion of the Ministerial, G20 Ministers released a consensus statement recognizing that “emerging technologies have the potential to unlock prosperity, enhance...

This week, the U.S. Department of Commerce hosted the 2026 Select USA Investment Summit, the largest in its history. Held May 3-6 in National Habor, Maryland, the Investment Summit welcomed over 5,500 attendees from a record 100+ international markets and included over 1,100 economic developers representing all 55 U.S. states and territories. This year’s Investment Summit catalyzed more than $56...

Today, the Department of Commerce announced that U.S. Secretary of Commerce Howard Lutnick will provide opening keynote remarks at the 2026 SelectUSA Investment Summit, scheduled for May 3-6 at the Gaylord National Resort and Convention Center in National Harbor, Maryland. The Department of Commerce also announced global business leaders who will participate as main stage speakers, including on...

These project announcements are a direct result of President Trump’s historic $550 billion trade deal with Japan to strengthen American national and economic security. Deal 1: Portsmouth Powered Land Project Location: Vicinity of Portsmouth, Ohio Project Type: Natural Gas Power Facility Cost: $33 Billion Capacity: 9.2 GW — Largest natural gas generation projects in the world Operator: SB Energy...

In the first year of President Donald J. Trump’s second term, Secretary Lutnick has overseen a total transformation of the Department of Commerce. Sectorial Tariff Revenue and Investment Deals Twenty landmark trade deals totaling over $9.94 trillion in U.S. investment commitments President Trump and Secretary Lutnick have focused on rebalancing trade and securing the American industrial base...

ADVANCING AMERICA FIRST TRADE AND INVESTMENT: Today, the American Institute in Taiwan and the Taipei Economic and Cultural Representative Office in the United States signed a historic trade deal that will drive a massive reshoring of America’s semiconductor sector. This unprecedented commitment will strengthen U.S. economic resilience, create high-paying jobs, and bolster national security. The...

Today, the Department of Commerce, the Office of the United States Trade Representative, and the Department of Health and Human Services issued the following statements announcing an agreement in principle on pharmaceutical pricing between the United States and the United Kingdom. In the historic U.S.-U.K. Economic Prosperity Deal (EPD), President Trump and Prime Minister Starmer agreed to address...

Today, the U.S. Department of Commerce celebrated a historic U.S. transportation commercial deal between Wabtec Corporation and the Government of Kazakhstan, with a signing ceremony during the 80th United Nations General Assembly in New York City. Under this $4.2 billion agreement, Wabtec Corporation will provide 300 locomotives to Kazakhstan – the largest rail equipment deal in history. “Today’s...

A NEW ERA OF U.S.-JAPAN TRADE RELATIONS: Earlier this month, President Donald J. Trump signed an Executive Order implementing the framework agreement between the United States and Japan that he announced on July 22, 2025. Fact Sheet on President Donald J. Trump Implements A Historic U.S.-Japan Framework Agreement