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...

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...

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...

Today, the Department of Commerce announced that it will begin posting real gross domestic product (GDP) data on the blockchain beginning with the July 2025 data. GDP increased at an annual rate of 3.3 percent in July 2025 according to the revised estimates released by the U.S. Bureau of Economic Analysis. This is the first time a federal agency has published economic statistical data like this on...

Today, Secretary Howard Lutnick announced that effective immediately, the National Institute of Standards and Technology (NIST) will assume operational responsibility for the National Semiconductor Technology Center (NSTC) from the National Center for the Advancement of Semiconductor Technology Center (Natcast). NSTC’s operations will be reformed to align with statutory requirements and increase...

The United States and the European Union are pleased to announce that they have agreed on a Framework on an Agreement on Reciprocal, Fair, and Balanced Trade (“Framework Agreement”). This Framework Agreement represents a concrete demonstration of our commitment to fair, balanced, and mutually beneficial trade and investment. This Framework Agreement will put our trade and investment relationship –...