On the occasion of the Trilateral Leaders’ Summit Meeting hosted by U.S. President Joseph R. Biden, Jr., in Washington, D.C., today, U.S. Department of Commerce Secretary Gina Raimondo met with Japanese Minister of Economy, Trade, and Industry Saito Ken and Philippine Department of Trade and Industry Secretary Alfredo Pascual for a groundbreaking discussion on our shared interests in strengthening...

On April 4, 2023, the Department of Commerce Office of Faith-Based and Neighborhood Partnerships hosted a roundtable with National Chambers of Commerce leaders to streamline access to resources by unlocking whole of Commerce pathways to economic growth, entrepreneurship, and job creation. The conversation addressed critical opportunities on issues ranging from workforce development to access to...

U.S. Department of Commerce Secretary Gina Raimondo and Japanese Minister of Economy, Trade, and Industry (METI) Saito Ken held the third Japan-U.S. Commercial and Industrial Partnership (JUCIP) Ministerial Meeting in Washington, DC, on April 10. The Secretary and Minister reviewed progress made to date in deepening bilateral economic and commercial cooperation, and discussed how they will...

GDP and Personal Income Rise in All 50 States and the District of Columbia Job creation in March exceeded expectations, with 303,000 jobs added to the U.S. economy, according to the latest report from the Labor Department’s Bureau of Labor Statistics (BLS). Nearly 15.2 million jobs have been created under President Biden and unemployment has remained under 4 percent—the longest stretch in 50 years...

With Up to $6.6 Billion in Proposed CHIPS Direct Funding, TSMC Announces 2 Nanometer Technology at Second Fab and a New Third Fab to Produce 2 Nanometer or More Advanced Chips Proposed CHIPS Investment in Arizona Would Support AI, High-Performance Computing, 5G/6G Communications, and More Applications Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and TSMC...

The following was issued by the White House Leuven, Belgium I. Introduction The sixth ministerial meeting of the Trade and Technology Council (“TTC”) took place in Leuven, Belgium, on 4 and 5 April 2024. It was co-chaired by European Commission Executive Vice President Margrethe Vestager, European Commission Executive Vice President Valdis Dombrovskis, United States Secretary of State Antony...

LEUVEN, Belgium – Today, U.S. Secretary of Commerce Gina Raimondo and European Commission (EC) Executive Vice-President Margrethe Vestager concluded the U.S.-EU Trade and Technology Council (TTC) Talent for Growth Task Force’s final meeting and brought to a close the work announced in December 2022. The Talent for Growth Task Force consisted of fourteen members appointed in April 2023 from...

The United States has been ranked as the top destination for foreign direct investment for the 12th consecutive year according to Kearney’s Global Business Policy Council’s 2024 Foreign Direct Investment (FDI) Confidence Index . The annual survey of global senior executives and investors found that the United States maintains its lead ranking for over a decade due to the growing strength of the U...