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

20 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 through tariff protection and landmark investment agreements. 

Lowered Cost of the Department of Commerce from $10 Billion to $8.3 Billion and reduced staff from 52,000 to 40,000.

The Department raised a total of $76.4 billion in tariff fines.

The Trump Gold Card Program

Developed and overseen by the Department of Commerce under Secretary Lutnick, the Trump Gold Card Program has reformed the American immigration system by facilitating the entry of individuals who demonstrate the capacity to advance the interests of the United States.

• $1.3 billion has already been committed through the program, which requires a $1M individual or $2M corporate financial gift to the Nation.

Rebuilding America’s Semiconductor Leadership

Secretary Lutnick has dramatically improved and created 14 landmark semiconductor deals, doubling total announced U.S. investment from $279 billion to $555 billion. These strategic renegotiations secured $20 billion in upside for American taxpayers and created 22 billion equity in Intel without utilizing any additional award dollars.

Major Bureau Accomplishments

International Trade Administration (ITA)

• $244 billion in commercial deals secured, including $206 billion in Made-in-America export content.
• $350 billion in strategic investment funds secured from Korea for sectors critical to national security.
• $550 billion in strategic investment funds secured from Japan for national security sectors.
• Over $1 trillion in foreign direct investment (FDI) attracted to support American industry, including a record $139 billion through SelectUSA.
• 1.3 million American jobs supported with export and investment deals, including in sectors critical to national security and affordability.
• 800 antidumping and countervailing duty orders enforced – a record total for protecting American businesses and workers from unfair trade practices.
• 60-80% declines in unfair imports for key products by cracking down on harmful foreign trade practices through antidumping and countervailing duties
• $1 billion in new tariff revenue from closing the de minimis loophole globally for low-value shipments that funneled dangerous products into the United States.

Bureau of Industry and Security (BIS)

• 12 national-security investigations launched into unfair imports—the most of any administration in history including auto tariffs, steel & aluminum, lumber, pharmaceuticals, and semiconductor tariff investigations in drove imports including:
  • $500 Billion Taiwan
  • $270 Billion Chips Act
    • Increased in semiconductor reshoring
      • All protected American Industry
• Reshaped drug pricing by leveraging the power of Section 232 Pharmaceutical Tariffs to implement Most Favored Nation (MFN) deals in coordination with HHS, ensuring Americans pay the lowest prices in the world for critical medications.
• 3-year waivers from Section 232 pharmaceutical tariffs were granted to manufacturers in exchange for voluntary MFN pricing and multi-billion dollar investments in U.S.-based manufacturing and reshoring.
• 113 arrests, 62 convictions, and 2,526 months of prison time secured to shut down unfair foreign competition.
• 158 entities added to the export control “blacklists”, known as the Entities List and Unverified List.

Bureau of Economic Analysis (BEA)

• 4.3% increase in the third quarter of 2025 GDP, representing the highest rate in two years.
• 237 countries and areas now covered by expanded export, import, and trade balance statistics for U.S. services (up from 90).
• Blockchain publishing of Commerce GDP data initiated to make America’s economic truth immutable and globally accessible.

Census Bureau

• $55 million in savings generated by identifying duplication and modernizing outdated systems through a comprehensive IT review.
• 1 million children estimated to be undercounted in the 2020 Census are being targeted for inclusion through a new data deal with the IRS and SSA.
• 2030 Census innovations and enhancements tested to help the Department achieve significant cost savings for taxpayers.

Economic Development Agency (EDA)

• $1.5 billion in grants being deployed to support communities across multiple states impacted by storms and natural disasters in 2023 and 2024.
• $102 million invested in 217 projects to build economic development capacity, expected to create or retain over 8,670 jobs.
• $220 million offered through the Tech Hubs program to fuel U.S. manufacturing and warfighting capabilities.
• $32 million in additional resources freed up by conducting a comprehensive administrative review of 3,656 grants in its current portfolio.

National Institute for Standards and Technology (NIST)

• $7.4 billion in taxpayer money taken back by voiding an illegal Biden administration contract for the National Semiconductor Technology Center.
• $150 million in equity secured through a deal with semiconductor firm xLight to accelerate innovative research.
• Post-quantum cryptography standards implemented in partnership with tech titans Microsoft, Apple, and Google to secure the internet for decades.

National Oceanic and Atmospheric Administration (NOAA)

• $850 million in taxpayer property saved from wildfires using new AI-driven wildfire and hurricane alert systems.
• $44 billion in infrastructure projects and 11,000 American jobs supported by expediting marine permitting for Alaska LNG exploration.
• 231 metric tons of additional fish secured for the United States through the largest single-year increase in bluefin tuna quota in history
• $250 million in economic benefits delivered by deregulating thousands of acres of American fisheries

National Telecommunications and Information Administration (NTIA)

• $21 billion in taxpayer funds saved by overhauling the Broadband Equity Access and Deployment Program (BEAD) to connect homes at a fraction of the cost.
• $222 million in savings achieved over 21 contract actions by strengthening oversight of FirstNet project spending.
• 500 megahertz of federal spectrum targeted for full-power commercial use to power American 6G.

Patent and Trademark Office (USPTO)

• 50,000 applications removed from the nation’s utility patent backlog, allowing American inventions to reach the market faster.
• $315.5 million in costs saved through the termination, descoping, and negotiation of non-critical contracts.
• 1.53 months of reduction in trademark first action pendency achieved, allowing trademark owners to obtain protection more quickly.
• AI and machine-learning advancements mandated as patent-eligible technological improvements to strengthen AI development.