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Press releases

Statement from U.S. Secretary of Commerce Wilbur Ross on Q2 2018: U.S. Economy Tops 4% GDP Growth in Second Quarter

Press releases
Today, the Department of Commerce’s Bureau of Economic Analysis (BEA) released the second quarter Gross Domestic Product (GDP) numbers. The Bureau found that the real gross domestic product increased at an annual rate of 4.1% in the second quarter of 2018. U.S. Secretary of Commerce Wilbur Ross issued the following statement on the announcement: “Today’s release of the United States’ GDP growth of...

U.S. Department of Commerce Issues Affirmative Final Antidumping Duty Determination on Forged Steel Fittings from Taiwan

Press releases
Today, the U.S. Department of Commerce announced the affirmative final determination in the antidumping duty (AD) investigation of imports of forged steel fittings from Taiwan. Commerce determined that exporters from Taiwan have sold forged steel fittings in the United States at 116.17 percent less than fair value. As a result of the decision, Commerce will instruct U.S. Customs and Border...

U.S. Department of Commerce Announces Call for Nominations to Investment Advisory Council

Press releases
The U.S Department of Commerce announced today that it is accepting nominations for the Secretary’s Investment Advisory Council. The role of the Council is to consider ways to attract and retain foreign direct investment (FDI) in the United States. Comprehensively, the United States is home to more FDI than any other country in the world, with a total stock of $3.7 trillion at the end of 2016....

U.S. Department of Commerce Congratulates Dr. Steven Dillingham, White House Pick to Lead the U.S. Census Bureau

Press releases
Today, U.S. Secretary of Commerce Wilbur Ross congratulated Dr. Steven Dillingham after the White House announced their intent to nominate him to be Director of the U.S. Census Bureau. Dr. Dillingham currently serves as the Director of the Office of Strategic Information, Research, and Planning for the Peace Corps. Secretary Ross also announced that Dr. Ron Jarmin will be named Deputy Director of...

U.S. Department of Commerce Initiates Section 232 Investigation into Uranium Imports

Press releases
Today, U.S. Secretary of Commerce Wilbur Ross announced that he has launched an investigation into whether the present quantity and circumstances of uranium ore and product imports into the United States threaten to impair national security. The investigation will canvass the entire uranium sector from the mining industry through enrichment, defense, and industrial consumption. “Our production of...

Commerce Department Lifts Ban After ZTE Deposits Final Tranche of $1.4 Billion Penalty

Press releases
Today, Secretary of Commerce Wilbur Ross announced that Zhongxing Telecommunications Equipment Corporation, of Shenzhen, China (“ZTE Corporation”) and ZTE Kangxun Telecommunications Ltd. of Hi-New Shenzhen, China (“ZTE Kangxun”) (collectively, “ZTE”) has placed $400 million in escrow at a U.S. bank. Shortly after the deposit, the Department lifted the denial order on ZTE pursuant to a June...

Statement from U.S. Secretary of Commerce Wilbur Ross

Press releases
Today I received the enclosed letter from the Office of Government Ethics (OGE). I agree with OGE that “the success of our Government depends on maintaining the trust of the people we serve.” I take my ethics obligations very seriously and am committed to serving the American people. I have made inadvertent errors in completing the divestitures required by my ethics agreement. My investments were...

U.S. Department of Commerce to Host Public Hearing on the Section 232 National Security Investigation of Imports of Automobiles and Automotive Parts

Press releases
The U.S. Department of Commerce will host a public hearing on its Section 232 investigation of imports of automobiles and automotive parts on Thursday, July 19 in the U.S. Department of Commerce Auditorium. The hearing, which begins at 8:30 a.m., will feature testimony from approximately 45 individuals, representing domestic and international companies, industry groups, labor, and foreign...