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Trade News
Trade News
21
Jan
During her tenure as Commerce Secretary, Gina Raimondo oversaw more than $90 billion invested in targeted programs to safeguard U.S. national security, spur innovation, stimulate job creation in good-paying careers, and bolster U.S. competitiveness.
Washington, D.C. — Under the Biden-Harris Administration and U.S. Secretary of Commerce Gina Raimondo’s leadership, the Department of Commerce took a new approach to economic policy to turn the agency into an engine of innovation and growth. With transformational investments to enhance U.S. competitiveness, Secretary Raimondo worked...
14
Jan
Today, the Department of Commerce Office of Space Commerce published a report on the department’s space commerce accomplishments under the Biden-Harris Administration.
A message from Don Graves, Deputy Secretary of Commerce
Under the Biden-Harris Administration, the Department of Commerce has taken many concrete actions to promote the growth and competitiveness of the U.S. commercial space sector. The Department’s strategic objective to “advance U.S. leadership in the global commercial space industry” makes the lives of American citizens easier every day. Critical space services –...
13
Jan
In the best news so far of 2025, a tentative agreement on a new six-year master contract has been reached by the ILA and USMX. The two parties decided to keep working under the current agreement until the union could set up a ratification vote. A joint statement said, “With the modernization of East and Gulf coast ports, this agreement creates the capacity they need to maintain our supply chains and protects existing ILA jobs while establishing a framework for implementing technologies that...
09
Jan
WASHINGTON, D.C. - The U.S. Department of Commerce’s International Trade Administration (ITA) is proud to announce its 2024 achievements, highlighting key efforts to enhance the competitiveness of U.S. businesses and workers, strengthen supply chains, and drive innovation in international trade.
“2024 was yet another impressive year for U.S. competitiveness across international markets,” said Under Secretary for International Trade Marisa Lago. “From strengthening supply chains to sustaining U.S. leadership in technology and innovation, ITA continues to enhance U.S. economic security and promote...
09
Jan
Tentative Agreement on New Six-Year Master Contract Reached by ILA and USMX
In an announcement last evening, the United States Maritime Alliance (USMX) and the International Longshoremen's Association (ILA) said they have tentatively agreed on all terms of a new six-year Master Agreement.
In order for USMX members to confirm the conditions of the final contract, the two parties decided to keep working under the current agreement until the union could convene its whole Wage Scale Committee and set up a...
08
Jan
On January 2, 2025, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) Export Enforcement published its 2024 Year in Review, spotlighting key accomplishments in protecting U.S. national security. In this report, BIS highlights its expanded enforcement capabilities, impactful actions against illicit procurement networks, and collaborations with industry, academia, and international partners.
Key Highlights of the 2024 Year in Review
1. Disruptive Technology Strike Force Expansion
BIS expanded the geographic reach of its Disruptive Technology Strike Force by adding new units in...
06
Jan
Last week, the Commerce Department’s Bureau of Economic Analysis announced that GDP and personal income increased in almost every U.S. state according to the latest data from their report on Gross Domestic Product by State and Personal Income by State, 3rd Quarter, 2024.
Real gross domestic product increased in 46 states and the District of Columbia. The nation's GDP grew at an annual rate of 3.1 percent in the third quarter and has grown by 12.6% under the Biden-Harris Administration.
In addition, Americans continue to make and...
06
Jan
The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) are set to resume contract negotiations ahead of a January 15 deadline. Perhaps the threat of liner operators implementing surcharges if the strike happens helped get the ball rolling again. Regardless, the hope is that the issues regarding wages and working conditions for East Coast port workers will be resolved. Many in the industry are concerned about further disruptions, especially in light of other issues the supply chain is...
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