The trade deficit in goods with China ballooned by 13.8 percent year-over-year while the overall trade deficit increased by 5 percent since March as imports increased slightly and exports declined following the release of the April 2017 International Trade in Goods and Services monthly data by the Department of Commerce. “While the overall trade deficit continues to grow, it is too soon for the...

Today, President Trump took one more important step towards restoring the primacy of American workers and American businesses by unshackling them from the terrible deal that is the Paris Climate Accord. That deal imposes little responsibility on the world’s largest emitters, while costing the U.S. economy three trillion dollars in reduced output, six million industrial jobs, and three million...

Today, U.S. Secretary of Commerce Wilbur Ross met with Vietnamese Prime Minister Nguyen Xuan Phuc to discuss the deepening economic relationship between the United States and Vietnam. The leaders also attended a ceremony to recognize 13 new business deals worth more than $8 billion. “President Trump is prioritizing engagement with Vietnam, an important trading partner of the United States,”...

“The President’s budget restores the federal government’s accountability to American families and American taxpayers while renewing the focus on our core missions. At Commerce, the budget will increase efficiency and strengthen important functions that keep us safe, defend against unfair trade practices, and promote growth and innovation. I look forward to working with the rest of the...

Today, U.S. Secretary of Commerce Wilbur Ross honored 32 U.S. companies and organizations that export goods and services during the 2017 President’s “E” Awards ceremony. Companies representing 23 states and Guam were recognized as part of the 55th anniversary of the award. This year’s honorees include 26 small and medium-sized businesses and 11 manufacturers. “Job creation is a top priority for...

Today, U.S. Department of Commerce Secretary Wilbur Ross announced the initiation of new antidumping (AD) and countervailing duty (CVD) investigations to determine whether imports of 100- to 150-seat civil aircraft (civil aircraft) from Canada are being unfairly dumped in the United States, and whether Canadian producers are receiving alleged unfair subsidies. The investigations were initiated...

With this letter, we intend to notify not just Congress, but all our trading partners, that free and fair trade is the new standard for U.S. trade deals. Since the signing of NAFTA, we have seen our manufacturing industry decimated, factories shuttered, and countless workers left jobless. President Trump is going to change that. I look forward working with the President, Ambassador Lighthizer, and...

Today, U.S. Secretary of Commerce Wilbur Ross announced the final determinations of antidumping (AD) and countervailing duties (CVD) investigations, finding that imports of steel reinforcement bar (rebar) from Japan and Turkey have been sold in the U.S. market at unfair prices, and that rebar imports from Turkey have been unfairly subsidized by the Turkish government. The Commerce Department...