President of the United States Donald Trump and President of the People’s Republic of China Xi Jinping agreed at their Mar-a-Lago meeting to advance U.S.-China economic cooperation with a 100-day action plan under the framework of the U.S.-China Comprehensive Economic Dialogue. Under the leadership of the co-chairs, Secretary of the Treasury Steven T. Mnuchin, Secretary of Commerce Wilbur Ross of...

Data on the Fourth Quarter and Annual 2016 GDP by State released today by the Department of Commerce showed some states’ gross domestic product (GDP) to have been impeded by the policies of the Obama Administration, especially in the energy sector. “The Obama presidency left large swaths of our economy in shambles.” said Secretary Ross “Thankfully, the Trump Administration is unshackling our...

Today the Census Bureau announced the June 30th retirement of Bureau Director John H. Thompson after a long and distinguished career of public service. John H. Thompson was sworn in as the 24th U.S. Census Bureau Director on August 8, 2013. “My tenure at the Census Bureau has been a richly rewarding capstone to my federal career,” said Director Thompson. “As I pursue opportunities in the private...

"The Department of Commerce's recent preliminary decision to impose tariffs on Canadian softwood lumber was based on the facts presented, not on political considerations. If any Canadian or British Columbian official wishes to present additional information, we will consider it carefully and impartially. Threats of retaliatory action are inappropriate and will not influence any final...

The trade deficit with Mexico and Japan was found to be growing at an alarming rate following the release of March 2017 U.S. International Trade in Goods and Services monthly data by the Department of Commerce. The trade deficit increased by $363 million with Mexico and by $1.6 billion with Japan from February to March of this year. “The United States can no longer sustain this inflated trade...

Earlier today, U.S. Commerce Secretary Wilbur Ross and U.S. Treasury Secretary Steven T. Mnuchin held a phone conversation with Vice Premier Wang Yang of China. Commerce Secretary Ross, Treasury Secretary Mnuchin and Vice Premier Wang discussed bilateral issues related to the U.S.-China Comprehensive Dialogue and the overall economic and trade relationship between the two countries.

Today, after negotiations reached an impasse, the Department of Commerce formally notified the Government of Mexico its intention to resume the collection of antidumping and countervailing duties on sugar imports on June 5, 2017, unless an agreement is reached. “While I regret that such measures were needed, it is my hope that Mexico and the United States can reach a fair agreement before June,”...