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Remarks by Commerce Secretary Wilbur L. Ross at the U.S.-Africa Leadership Forum: Strengthening the Future of U.S.-Africa Trade and Investment

Speeches
Thank you, Farid, for that kind introduction, and congratulations to General Electric for celebrating its 120th year of working in Africa. Thank you, also, to the Corporate Council on Africa and the Chamber of Commerce’s U.S.-Africa Business Center for inviting me here this morning. It is my pleasure to be with such a distinguished group: President al-Sisi, President Issoufou, President Akufo-Addo...

U.S. Department of Commerce Issues Preliminary Determinations in the Antidumping and Countervailing Duty Investigations of Imports of Dried Tart Cherries from Turkey

Press releases
Today, the U.S. Department of Commerce announced the affirmative preliminary determinations in the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of dried tart cherries from Turkey, finding that exporters sold dried tart cherries at less than fair value at rates ranging from 541.29 to 648.35 percent and received countervailable subsidies at a rate of 204.93 percent....

Remarks By Secretary Wilbur Ross at the Signing Ceremony Between the Australian Space Agency and NASA

Speeches
Thank you, Jim, for that kind introduction. It is my pleasure to be with all of you on such a beautiful morning in downtown Washington after yesterday’s festivities. Welcome Prime Minister Morrison, and your entire staff from Down Under. It is great that you are here in the United States. It is my honor to be with you this morning representing President Trump, Vice President Pence, the National...

U.S. Department of Commerce Issues Preliminary Antidumping Duty Determinations on Carbon and Alloy Steel Threaded Rod from China, India, and Taiwan

Press releases
Today, the U.S. Department of Commerce announced the affirmative preliminary determinations in the antidumping duty (AD) investigations of imports of carbon and alloy steel threaded rod from China, India, and Taiwan, finding that exporters from China, India, and Taiwan have dumped carbon and alloy steel threaded rod at the following rates: China – 4.81 percent to 59.45 percent India – 2.04 percent...

Outdoor Recreation Industry Grew 3.9% in 2017: Boating and Fishing Industry Leads Growth

Blog
The following is a cross-post from the Bureau of Economic Analysis (BEA) The U.S. outdoor recreation economy accounted for 2.2 percent ($427.2 billion) of current-dollar gross domestic product (GDP) in 2017 according to statistics released today by the Bureau of Economic Analysis. The Outdoor Recreation Satellite Account (ORSA) also shows that inflation-adjusted (real) GDP for the outdoor...

U.S. Department of Commerce Finalizes Suspension Agreement on Fresh Tomatoes from Mexico

Press releases
Today, the U.S. Department of Commerce finalized an agreement with Mexican tomato growers to suspend the ongoing antidumping duty (AD) investigation of fresh tomatoes from Mexico, halting the process for imposing antidumping duties on tomatoes from Mexico. “Today’s successful outcome validates the Administration’s strong and smart approach to negotiating trade deals,” Secretary of Commerce Wilbur...

Business Incentives Continue to Play a Key Role in U.S. FDI Leadership

Blog
The following is a cross-post from Tradeology , the official blog of the International Trade Administration (ITA) Global companies are drawn to the United States for many reasons: a highly productive and educated workforce, low-cost supply of energy, direct access to the world’s most robust capital markets, and much more . But how much of our nation’s continued success in this arena should be...

U.S. Current Account Deficit Narrows in Second Quarter 2019

Blog
The following is a cross-post from the Bureau of Economic Analysis (BEA) The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $8.0 billion, or 5.9 percent, to $128.2 billion in the second quarter of 2019. The narrowing mainly reflected an expanded surplus on...