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Treasury Secretary Scott Bessent repeatedly denied that tariffs are taxes in an appearance before the Senate Finance Committee Thursday, saying there is no “empirical evidence” that prices are rising because of President Trump’s tariffs.
Following high-level U.S.–China trade talks in London, Commerce Secretary Howard Lutnick announced that the United States will reverse recently imposed export controls on ethane shipments to China. The decision ends a short-lived but disruptive policy that, according to observers, revealed deep flaws in U.S. economic statecraft.
Treasury’s Office of Foreign Assets Control (OFAC) has imposed a $215,988,868 civil penalty on GVA Capital Ltd., a San Francisco-based venture capital firm, for egregious violations of U.S. sanctions targeting Russia and Ukraine, and for failing to comply with a federal subpoena.
Counsel representing Chinese aluminum foil companies cited Tina Turner during oral arguments at the U.S. Court of International Trade on Thursday, as attorneys faced off over the U.S. Department of Commerce’s approach to surrogate value data selection post-Loper Bright.
Testifying before the House Foreign Affairs Subcommittee on South and Central Asia, Under Secretary of Commerce for Industry and Security Jeffrey Kessler faced pointed questions over the Bureau of …
The Commerce Department's Bureau of Industry and Security (BIS) is requesting public input on the renewal of its information collection program supporting national security and critical technology …
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