U.S. Secretary of Commerce Howard Lutnick today announced the appointment of Taylor Jordan as Director of the Office of Space Commerce (OSC), underscoring the Trump Administration’s commitment to strengthening U.S. leadership in space commerce. Mr. Jordan will continue to serve concurrently as assistant secretary of commerce for environmental observation and prediction at the National Oceanic and...

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...

On November 24, U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer met with European Union (EU) trade ministers in their first trips to Brussels since taking office to strengthen President Trump’s historic trade deal. Secretary Lutnick urged the EU to adopt a "balanced approach" to digital regulation to secure an agreement to lower steel and aluminum tariffs. Fact

Today, the Commerce Department announced that it has authorized the export of advanced American semiconductors to G42, based in the United Arab Emirates, and Humain, based in Saudi Arabia. Both companies are receiving approvals to purchase the equivalent of up to 35,000 Nvidia Blackwell chips (GB300s). These approvals will promote continued American AI dominance and global technological leadership...

Funding for a portion of the federal government expired on September 30, 2025. The Department of Commerce is prepared for a lapse in funding that would necessitate a significant reduction in operations and is currently implementing its plan. Read the United States Department of Commerce Plan for Orderly Shutdown Due to Lapse of Congressional Appropriations (September 2025). The Democrat-led...

On September 19, 2025, President Donald J. Trump signed an Executive Order to create the Gold Card visa program , facilitating expedited immigration for aliens who make significant financial gifts to the United States. The Order directs the Secretary of Commerce, in coordination with the Secretaries of State and Homeland Security, to establish a “Gold Card” program. The program facilitates

Today, U.S. Secretary of Commerce Howard Lutnick announced that registration is open for the 2026 SelectUSA Investment Summit to be held May 3 - 6, 2026 at the Gaylord National Resort & Convention Center in National Harbor, Maryland. The SelectUSA Investment Summit is the premier event dedicated to promoting foreign direct investment (FDI) in the United States, with a focus on connecting...

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...