U.S. Department of Commerce

Forecasters at NOAA’s National Weather Service (NWS) continue to track a major winter storm that will bring heavy snow, sleet and freezing rain to hundreds of millions of Americans starting Friday, January 23, and continuing into Monday. This is expected to be an unusually large and severe winter storm. Dangerously cold air remains in the forecast for more than half of the U.S. population through the weekend and into early next week.

Every year in January, leaders gather in Davos, Switzerland, for the World Economic Forum to discuss the global economy. This year, some people have asked a great question: Why is the Trump administration going to Davos at all? Why show up and participate when we’ve been so clear that the old globalist line of thinking has been a disaster for America? The answer is simple: we’re not going to Davos to uphold the status quo. We’re going to confront it head-on.

In the first year of President Donald J. Trump’s second term, Secretary Lutnick has overseen a total transformation of the Department of Commerce. Sectorial Tariff Revenue and Investment Deals 20 landmark trade deals totaling over $9.94 trillion in U.S. investment commitments President Trump and Secretary Lutnick have focused on rebalancing trade and securing the American industrial base through tariff protection and landmark investment agreements.

FOR IMMEDIATE RELEASE ADVANCING AMERICA FIRST TRADE AND INVESTMENT: Today, the American Institute in Taiwan and the Taipei Economic and Cultural Representative Office in the United States signed a historic trade deal that will drive a massive reshoring of America’s semiconductor sector. This unprecedented commitment will strengthen U.S. economic resilience, create high-paying jobs, and bolster national security.

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U.S. Secretary of Commerce Howard Lutnick today announced the appointment of Taylor Jordan as Director of the Office of Space Commerce (OSC), underscoring the Trump Administration’s commitment to strengthening U.S. leadership in space commerce. Mr. Jordan will continue to serve concurrently as assistant secretary of commerce for environmental observation and prediction at the National Oceanic and Atmospheric Administration (NOAA).

Today, the Department of Commerce, the Office of the United States Trade Representative, and the Department of Health and Human Services issued the following statements announcing an agreement in principle on pharmaceutical pricing between the United States and the United Kingdom.

Today, the Commerce Department announced that it has authorized the export of advanced American semiconductors to G42, based in the United Arab Emirates, and Humain, based in Saudi Arabia. Both companies are receiving approvals to purchase the equivalent of up to 35,000 Nvidia Blackwell chips (GB300s). These approvals will promote continued American AI dominance and global technological leadership – consistent with President Trump’s July 2025 AI Action Plan.

Funding for a portion of the federal government expired on September 30, 2025. The Department of Commerce is prepared for a lapse in funding that would necessitate a significant reduction in operations and is currently implementing its plan. Read the United States Department of Commerce Plan for Orderly Shutdown Due to Lapse of Congressional Appropriations (September 2025).

Today, U.S. Secretary of Commerce Howard Lutnick announced that registration is open for the 2026 SelectUSA Investment Summit to be held May 3 - 6, 2026 at the Gaylord National Resort & Convention Center in National Harbor, Maryland. The SelectUSA Investment Summit is the premier event dedicated to promoting foreign direct investment (FDI) in the United States, with a focus on connecting international investors and U.S. economic development organizations (EDOs).