Us Commerce Department News - Latest Updates & Headlines
South Korean delegation calls meeting with US commerce chief 'productive'
Seoul, Feb 24: A visiting South Korean business delegation said on Monday that the meeting with newly appointed U.S. Secretary of Commerce Howard Lutnick was "productive," following reports that discussions included proposals for $1 billion in investments from each company in exchange for "fast-track" regulatory benefits.
US adds 11 Chinese entities to Entity List, removes BARC and two other Indian organisations
Washington DC, January 16: The US Department of Commerce's Bureau of Industry and Security (BIS) added 11 entities to its Entity List, targeting organisations in China for activities "contrary to US national security and foreign policy interests."
US Commerce Department moves to restrict Chinese-made drones over 'security concerns'
Washington DC January 4: The US Department of Commerce has initiated a rulemaking period to evaluate the possibility of banning or restricting drones manufactured in China.