Commerce Department
US Trade Deficit Narrows to Three-Year Low Following Trump's Tariff Implementation
Dec 12, 2025 02:56 am CST
The US trade deficit unexpectedly contracted to $52.8 billion in September 2023, reaching its lowest level since the COVID-19 pandemic in 2020, as exports rose 3.0% while imports increased just 0.6% following the implementation of President Trump's new tariffs targeting major trading partners including the EU, Japan, and China.
Trump Administration Approves Nvidia AI Chip Exports to UAE in Major Tech-Diplomacy Deal
Oct 10, 2025 02:11 pm CST
The Trump administration has approved billions in Nvidia AI chip exports to American companies operating in the UAE, implementing a significant bilateral agreement from May 2024. This landmark deal establishes a pattern for US AI diplomacy, requiring dollar-for-dollar Emirati investment in America in exchange for advanced technology access, while strategically positioning US tech companies against Chinese competitors in the lucrative Gulf market.
Trump Administration Plans Chip-Based Tariff System on Imported Electronics to Boost US Manufacturing
Sep 27, 2025 02:00 pm CST
The Trump administration is developing a novel tariff strategy that would tax imported electronic devices based on their semiconductor chip content, aiming to incentivize domestic manufacturing. This previously unreported plan would affect products ranging from toothbrushes to laptops, potentially impacting consumer prices while advancing the administration's goal of reducing dependence on foreign-made semiconductor products critical to national and economic security.