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The Latest Breaking News from Commerce

Meetings highlight unstable U.S.-China relationship

The U.S.-China relationship has fallen to a new low point, and U.S. attempts this year to bring China back to the table have largely been rebuffed.

Axios

US, Chinese trade officials express concern about each other's restrictions

Commerce Secretary Gina Raimondo and her Chinese counterpart, Wang Wentao, have expressed concern about policies of each other’s governments following Chinese raids on consulting firms and U.S. restrictions on exports of semiconductor technology

The Independent UK

62,775 more Plus One seats this year, Cabinet approves 30% increase in seven districts

The number of Plus One higher secondary seats in the State has increased to 4,23,315, an increase of 62,775 seats.

The Hindu

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I worked for Henry Kissinger when America first engaged China in the 1970s. Here’s why I think the two countries still have a chance to mend their ties

When the dialogue between China and the U.S. was just beginning, the leaders of the two countries did not set out to resolve all issues from the start.

Fortune

India's forex reserves at comfortable position to meet any requirements: Piyush Goyal

India has a strong foreign exchange reserve and the country is in a comfortable position to meet all the requirements even in any worst-case scenario in the next five-six years, Commerce and Industry Minister Piyush Goyal said on May 24.

The Hindu

Food shipments set to gain by 10% as standards rise

The Commerce Ministry wants to grow food exports by 10% this year, driven by increasing demand and higher Thai standards for quality, safety and sustainable production processes.

Bangkok Post

From sunglasses to milking machines, US halts more exports to Russia

The Biden administration halted the export of a wide range of consumer goods to Russia on Friday and added 71 companies to a trade blacklist, as the Group of Seven wealthy nations announced new sanctions on Moscow over its war in Ukraine.

Reuters

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US agrees on Taiwan trade terms, clouding plans for China talks

WASHINGTON — The U.S. and Taiwan agreed to boost trade ties, the first tangible results under an initiative announced last year that faces vehement opposition from Beijing and clouds the outlook for a visit to the U.S. next week by a Chinese commerce official.

Tribune News Service

Govt orders inquiry into anti-competitive land covenants

First petrol stations, then supermarkets, then building supplies merchants. Now the Commerce Minister has asked for a wide-reaching inquiry into the use of land covenants to block competition, and cites meat processing plants as a place to start.

Newsroom.co.nz

Rick Perry hints at 2024 presidential bid and revives memories of debate gaffe

Republican former Texas governor, who has run twice before, once forgot name of government department he planned to abolish

The Guardian - US

City schools put up a good show in ISC, ICSE exams

Students in city schools put up a good performance in the ISC (Class XII) and ICSE (Class X) examinations the results of which were declared by the Council for the Indian School Certificate Examinations (CISCE) on Sunday.

The Hindu

City’s CBSE schools shine with stellar Class X, XII results

City schools posed excellent results in the CBSE Class X and XII examinations, the results of which were declared on Friday.

The Hindu

Commerce Department starts process to fund tech hubs across the US with $500 million in grants

The Commerce Department is launching the application process for cities to receive a total of $500 million in grants to become technology hubs

The Independent UK

Ministry targets B50bn from sales of GI products

The Commerce Ministry has set its sights on increasing sales from geographical indication (GI) products to 50 billion baht this year, up from 48 billion baht in 2022.

Bangkok Post

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Roll Call

Space agency's GOP fans make their case to shield it from cuts - Roll Call

As House Republicans sit down to write their fiscal 2024 spending bills, some appropriators are pushing to add NASA to the protected list.

The Independent UK

House votes to restore solar panel tariffs paused by Biden

The House voted Friday to reinstate tariffs on solar panel imports from several Southeast Asian countries

Roll Call

Biden threatens veto on measure to restore solar tariffs - Roll Call

President Joe Biden issued his veto threat Monday, after the Ways and Means Committee voted last week to approve the joint resolution.

Bangkok Post

Corporate registrations increase by 28% in March

The number of newly registered Thai companies rose 28% year-on-year in March, with combined registered capital skyrocketing by 1,055%, according to a Commerce Ministry report.

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Tribune News Service

TikTok could get a lifeline from Big Tech as a US ban looms

U.S. tech companies are pushing to narrow the scope of legislation that could ban TikTok in the U.S., creating new obstacles as the Biden administration seeks to confront China’s influence.

Bangkok Post

Ministry details soft power initiative

The Commerce Ministry has pledged to move ahead with measures to drive the government's soft power development policy, with a focus on promoting Thai cultural products worldwide through a "5F" approach, referring to food, film, fashion, fighting and festivals.

Fortune

Pat Gelsinger: China is one of Intel's 'most important markets'

The U.S. released draft rules last March that constrain subsidy recipients from expanding chip production in "countries of concern," including China.

Reuters

US imposes export controls on companies assisting Russia's military

The U.S. Commerce Department said on Wednesday it is imposing export controls on more than two dozen companies in China, Turkey and other countries for supporting Russia’s military and defense industries.

Bangkok Post

Democrats pitch recovery plan

The Democrat Party on Sunday unveiled its economic team with a promise to inject 1 trillion baht into the country's financial system to boost the economic recovery.

Tribune News Service

Biden administration aims to stop China, Russia from using chip funding

WASHINGTON — The U.S. Commerce Department released proposed guidelines Tuesday to prevent China, Russia, Iran and North Korea from benefiting from $52 billion in federal funding for semiconductor chip production.

Asharq Al-Awsat

TikTok Hits 150 Mln US Monthly Users, Up from 100 Million in 2020

TikTok said on Monday the short-video sharing app now has 150 million monthly active users in the United States, up from 100 million it said it had in 2020. The Chinese-owned app confirmed the figure ahead of TikTok CEO Shou Zi Chew's testimony set for Thursday before the House Energy…

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