Washington, June 2 (IANS) Two senior Democratic senators accused the Trump administration of allowing a loophole in US export controls that may have enabled some of America’s most advanced artificial intelligence chips to reach Chinese companies, potentially boosting Beijing’s military capabilities.Senator Elizabeth Warren of Massachusetts and Senator Andy Kim of New Jersey said the administration’s failure to update export-control regulations over the past 18 months may have inadvertently allow…
Latest US Commerce Department News & Updates
Mumbai, Feb 25 (IANS) Shares of Indian solar and renewable energy companies plunged in early session on Wednesday after the US Commerce Department imposed preliminary countervailing subsidies of about 125.87 per cent on solar cell and panel imports from India.Waaree Energies fell as much as 14.6 per cent to Rs 2,580.50, hitting the lower circuit, and later regained to Rs 2,724, down 9.90 per cent. Premier Energies dropped 4.57 per cent to Rs 741.55 after earlier dipping to an intra-day low of 66…
Washington, Feb 19 (IANS) The newly announced India-US trade framework is a “positive development” that could unlock significant export gains for both countries, deepen supply chain integration, and inject fresh momentum into the broader strategic partnership, a former US Commerce Department official said. Atman Trivedi, Partner at DGA-Albright Stonebridge Group, who was Senior Director for Policy in Global Markets at the US Commerce Department and played a central role in creating the US-In…
Washington, Feb 14 (IANS) US President Donald Trump’s administration has unveiled an action plan to rebuild America’s shipbuilding industry, pledging to continue “historic” cooperation with South Korea and Japan, and proposing a strategy enabling the first ships in a contract to be built in an allied foreign shipyard.The White House released “America’s Maritime Action Plan,” as Seoul and Washington are pushing to strengthen cooperation under the former’s “Make American Shipbuilding Great Again (…