Commerce

Lutnick has acknowledged he visited Epstein’s island with his family in 2012 after earlier claiming he severed ties in 2005Sign up for the Breaking News US email Hello and welcome to the US politics live blog.Commerce secretary Howard Lutnick will become the latest of Donald Trump’s cabinet to be questioned over ties to the late sex offender Jeffrey Epstein when he sits for a closed-door transcribed interview with the Oversight Committee later today.A majority of Indiana Republican legislators whose opponents were backed by Donald Trump lost their primaries on Tuesday, giving the president wins in a deep-red state just months after lawmakers there rejected his redistricting plan. Of the seven Trump-endorsed challengers to state senate candidates, at least five won. More here.Democratic senator Sherrod Brown and Republican senator Jon Husted won their party’s nominations in Ohio’s primary elections, according to the Associated Press – teeing them up for what is expected to be a high-profile and expensive Senate race in November’s midterm elections. More here.Senate Republicans have released a new immigration enforcement funding package that includes a proposed $1bn that could go to security measures related to the $400m ballroom that is part of Donald Trump’s “East Wing modernization project”. More here.Marco Rubio argued the US is in a “very fortunate” position as fuel prices continue to climb nationwide amid disruption sparked by the US-Israel war on Iran. With average US fuel prices now approaching $4.50 a gallon – their highest level in four years – the US secretary of state was asked on Tuesday how long Americans should accept them at such levels. Other countries were suffering “big time”, Rubio replied. More here.Seven of the leading contenders in California’s unexpectedly dramatic race for governor faced off on the debate stage Tuesday night, with the stakes now higher because ballots are in the mail. Becerra was a top target, as expected, given his steady rise in the polls. More here. Continue reading...

• Google, Microsoft, and xAI joined OpenAI and Anthropic in providing the US Commerce Department pre-release access to evaluate their AI models, creating the first voluntary oversight mechanism for all five major frontier AI labs. • The Commerce Department announced the expansion on Tuesday, establishing a framework with no statutory authority and fewer than 200 staff members to address national security concerns before public model releases. • The Mythos crisis forced the US government to confront the absence of formal mechanisms to evaluate powerful AI models that could threaten national security before public deployment.

• The U.S. Chamber of Commerce released its Q1 2026 Small Business Index on April 7, 2026, showing the index declined to 67.0 from 68.4 in the previous quarter, though it remains above the 62.3 score from a year ago. • Inflation reclaimed the top concern among small business owners at 53%, up from 45% last quarter, marking 17 consecutive quarters as the dominant worry; hiring and investment plans are cooling as economic confidence softens. • Cash flow comfort among small business owners has declined, with only 20% reporting being "very comfortable" compared to 31% in Q3 2025, though 72% overall maintain comfort levels; manufacturing firms lead at 81% comfort while retail and professional services lag at 69-70%.

• The House Energy and Commerce Health Subcommittee held a hearing on March 18, 2026, focusing on healthcare providers amid ongoing policy debates. • Reported on March 25, the session examined provider challenges, potentially influencing upcoming health legislation in the US Congress. • This follows recent hearings on Medicare fraud, highlighting congressional scrutiny of healthcare delivery and costs.

• The Senate Commerce Committee’s Telecommunications and Media Subcommittee will hold a hearing on March 17, 2026, on radio frequency allocations assigned by NTIA and FCC. • Frequencies are vital for US government and commercial space operations, though often overlooked by the space community. • The event addresses spectrum management essential for space communications and tech developments.

The US Commerce Department withdrew a planned rule on artificial-intelligence chip exports on Friday, marking the latest policy reversal by the Trump administration regarding technology trade controls. The withdrawal represents a significant shift in the administration's approach to regulating AI semiconductor exports, which had been a contentious issue affecting companies like Nvidia and other chipmakers. This decision follows earlier statements from administration officials indicating a more flexible stance on AI chip distribution policies compared to previous regulatory frameworks. The reversal signals potential changes in how the US will manage competition with foreign nations in advanced semiconductor and AI technology sectors.

The US Commerce Department withdrew a planned rule on Friday that would have required permits for exports of advanced AI chips from companies like Nvidia and AMD to global customers. The abandoned Trump administration proposal aimed to involve case-by-case reviews by the Commerce Department's licensing office, contingent on factors such as government agreements and end-user computing power needs. Commerce officials rejected returning to the prior administration's 'burdensome, overreaching and disastrous' AI diffusion framework. This decision eases restrictions on the semiconductor industry amid ongoing trade tensions.

The US Commerce Department withdrew a planned rule on AI chip exports on March 13, 2026, marking another policy reversal by the Trump administration amid shifting trade priorities. The rule had aimed to tighten controls on advanced semiconductor shipments, particularly to adversaries. This decision eases pressures on US chipmakers like Nvidia, potentially boosting exports while maintaining national security reviews. Tech industry groups welcomed the move, citing reduced regulatory burdens for $50 billion in annual chip trade.