Commerce News Updates

The Commerce Department reported July 30 that growth in U.S. gross domestic product decelerated from 2.1% in the first three months of 2026 and came in below economists' expectations.

The gap in goods and services trade grew 42.2% from April to $77.6 billion, Commerce Department data showed July 7.

The growth in GDP marked a rebound from a sluggish 0.5% in the last three months of 2025 when a 43-day federal government shutdown weighed on the economy.

The ITC finalized the duties after an investigation prompted by a February 2025 petition from a coalition led by Stoughton Trailers and Cheetah Chassis.

The shortfall in goods trade shrank 3.4% from the prior month to $82.4 billion, Commerce Department data showed May 29.

A key inflation measure jumped in March as gas prices soared. Compared with a year ago, prices rose 3.5%, the biggest increase in almost three years.

For all of 2025, the economy grew 2.1%, slower than 2.8% in 2024 and 2.9% in 2023.

Retail sales rose a better-than-expected 0.6% in February. There is a concern that Americans squeezed by years of elevated inflation will cut spending further.

The Republican-led Senate will be next to consider the nominees who, if confirmed, would join Secretary Sean Duffy’s leadership team at the Department of Transportation.

GDP rose at a 4.4% annual pace in the third quarter, the Commerce Department reported Jan. 22, up from 3.8% in the April-June quarter and from the 4.3% growth the department initially estimated.