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  • Department of Commerce

    GDP Fell in the Fourth Quarter of 2012

    The Department of Commerce made news Wednesday by announcing the first quarterly decline in gross domestic product (GDP) since the recession ended in 2009. As always, GDP is only a summary measure, not the whole story. This GDP report continues the narrative of the past three years: We are making … More

    Commerce Case Study: Cyberstupid

    It would be funny if it all wasn’t so tragic. According to The Washington Post, an agency in the Department of Commerce was so ravaged by a malicious virus that its entire information technology infrastructure, from desktop computers to hand-held cell phones, had to be shut down. Ironic. The Department … More

    Dealing with China-U.S. Tariff Law

    A federal court this week barred the simultaneous application of anti-dumping and countervailing duties to imports from China, a practice begun by the Department of Commerce in 2007. Commerce has rightly classified China a “non-market economy” for purposes of applying anti-dumping duties against goods sold in the U.S. at below-market … More

    Free Trade Proposals Solutions to Tech Sector Job Losses

    The House Rules Committee advanced three proposals Wednesday that may help curb a growing problem for the nation’s economy: stagnant job growth in the technology sector. The three pending free trade agreements with Columbia, Panama and Korea are up for full House approval next week. Senate Republican Minority Leader Mitch … More

    Monthly Trade Statistics Report: Misleading and Dangerous

    The U.S. Commerce Department today announced that the trade deficit for April was $43.7 billion. This number is misleading because it implies a “deficit” in terms of dollars leaving the country, which is not the case. For example, the trade deficit numbers do not include the billions of dollars foreigners … More

    What to Look for in Next Week's Release of U.S. Trade Statistics

    On February 11, the U.S. Department of Commerce will release our country’s 2010 trade statistics. The following three principles will help in understanding what the numbers mean: Unlike the U.S. budget deficit, the size of the trade deficit does not matter. The trade deficit results from people in other countries … More

    Obama Administration Discovers Trade--As Another Great Excuse to Grow Government!

    President Obama’s Secretary of Commerce, Gary Locke, rolled out the administration’s new “National Export Initiative (NEI)” today at the National Press Club.  The way Secretary Locke described it, the NEI sounds like a great vehicle to create jobs—government jobs. Secretary Locke began by saying that the “NEI represents the first … More