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UNCOVERED: Commerce - Caught on Camera

‘Not Tens Of Billions, But Tens Of Trillions’: Nvidia CEO Jensen Huang Says AI Is Like the New Electricity and the Scale Is Unlike Any Tech in History

Nvidia CEO Jensen Huang told Commerce Secretary Lutnick at a G20 event that the AI infrastructure buildout will reach tens of trillions of dollars -- far beyond current company capex -- comparing it to metered energy infrastructure sold by the token.

Barchart

India seeks payment-system links in every FTA, Commerce Secy says: Report

India aims to link its payment systems with trading partners in new agreements. This strategy seeks to make cross-border payments faster and significantly cheaper for users. The Unified Payments Interface is a key digital public infrastructure for this expansion. India's diaspora remittances are a major focus for cost reduction efforts.…

The Economic Times

UK recognises India's CCTS; carbon price to be accepted under CBAM regime: Comm Secy

The United Kingdom has recognized India's Carbon Credit Trading Scheme. This recognition allows carbon price relief under Britain's CBAM regime. Indian exporters will benefit from reduced double taxation on their goods. The Commerce Ministry is addressing freight cost increases for exporters. Efforts are underway to ensure ship and container access…

The Economic Times

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India-US trade deal ‘more or less’ finalised, framework for preferential access being worked out: Commerce Secretary Rajesh Agarwal

The India-US trade deal is nearly finalized, with both nations discussing preferential market access. India's free trade agreement with Chile is also in its final stages of negotiation. New Zealand FTA is expected to become active soon, potentially in October. Government efforts aim to reduce freight costs and support exporters…

The Economic Times

GFF 2026: India should build fintech for the world, target $60-80 billion financial services exports, says Commerce Secretary Rajesh Agarwal

India aims to export digital financial services leveraging its fintech expertise. This expansion moves beyond traditional IT and professional services exports. Fintech solutions like UPI demonstrate India's capability for global adoption. Digital lending and e-commerce exports also present significant international opportunities. India's government supports these ventures through various initiatives and…

The Economic Times

India joins US-led global initiative to shape next-generation 6G networks

India has joined twenty-four nations in a global initiative for 6G network development. This agreement was finalized following a bilateral meeting between US and Indian officials. The G20 Innovation Ministerial meeting was hosted by the United States Department of Commerce. Discussions focused on strengthening cooperation across semiconductors, AI, and data…

The Economic Times

Trump's bid to shield chip supply chain could backfire in Tennessee

Germany's Wacker Chemie, which produces polysilicon that goes into chips and solar panels, will make a decision in the coming weeks on whether to close its Charleston, Tennessee, facility, which employs about 600 workers, the sources said.

The Economic Times

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Automakers Tell Congress To Ban Chinese Connected Cars, Permanently

The Alliance for Automotive Innovation urges Congress to turn temporary Commerce rules and steep tariffs into permanent law restricting Chinese connected vehicles.

Motor1

Trump forced to clean up Howard Lutnick’s latest mess after secretary makes outlandish claim

The Commerce Secretary’s latest gaffe follows conflicting statements on data centers and his admission that he visited Jeffrey Epstein’s private island despite denying having ever done so

The Independent UK

US Commerce Secretary Howard Lutnick Claims Data Centres 'Don't Use Water' Despite 66 Billion Litres Consumed in 2023

US Commerce Secretary Howard Lutnick claims data centres 'don't use water', contradicting federal research showing they consumed 66 billion litres in 2023.

International Business Times UK

How a Pasta Tariff Meant to Hit 92% Ended Up at Under 10%

Commerce quietly softened tariff penalties, starting with Italian pasta, as GOP strategists worry rising grocery prices could hurt them in November.

Latin Times

US urges G20 countries to allow AI training on creators' work

The United States urged G20 nations to create rules for AI training on copyrighted works. Major American tech firms face lawsuits over using creator content for AI development. Commerce Secretary Howard Lutnick advocated for "fair use" principles to protect artists. The Justice Department supported OpenAI's use of copyrighted material for…

The Economic Times

Lutnick Confirms Trump Admin Is Working On Tariffs On Key Industry For The AI Boom

"We will be successful in semiconductors. They're going to be built in America," Lutnick said.

International Business Times

India is the world's best location to set up data centres: Piyush Goyal

In a pivotal meeting with data centre industry players, Commerce Minister Piyush Goyal focused on facilitating business operations. He underscored India's immense potential for data centres and the substantial investments pouring in. Amid global challenges, Goyal praised India's economic growth, firmly responding to criticism of GDP statistics by highlighting the…

The Economic Times

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The Economic Times

France targets Shein and Temu with fast fashion fees

The fees add to Shein's difficulties as the end of duty-free access for cheap ecommerce parcels in the European Union and the ⁠U.S. caused ‌the company'svaluation to plunge ahead of its stock market debut in Hong Kong on Tuesday. Shein's spokesperson in France, Quentin ⁠Ruffat, has previously said the fast-fashion…

The Economic Times

Commerce ministry meeting industry, exporters on India-US trade on September 1

India's Commerce Ministry will meet industry leaders on September 1 regarding trade performance. This meeting precedes Minister Piyush Goyal's US visit for G-20 talks. Discussions will focus on recent trade trends and sector-wise performance. Negotiations for a bilateral trade agreement are ongoing between the two nations. India seeks a comparative…

The Economic Times

Apparel exporters urge commerce minister Piyush Goyal to regulate cotton yarn exports

Apparel exporters requested government intervention to regulate cotton yarn exports. Rising yarn prices are significantly hurting the industry's global competitiveness. Limited stock and increased demand from countries like Bangladesh and Vietnam contribute. Higher manufacturing costs affect opportunities in new free trade agreement markets. Value addition through finished garments offers greater…

The Economic Times

Argentina to ease pharma barriers as India trade tops $6.5 bn

Argentina committed to reducing barriers for Indian pharmaceutical entry. This move will offer greater opportunities for Indian companies and improve healthcare access. Discussions occurred during Commerce Secretary Rajesh Agarwal's visit to Buenos Aires this week. Bilateral trade between India and Argentina exceeded six point five billion dollars in 2025. Emerging…

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The Economic Times

UGC NET June 2026 result scorecard released for 84 Subjects: Check direct link, steps to download and re-exam dates for English, Commerce and Sociology

The UGC-NET June 2026 scorecards have been made available by the National Testing Agency for a total of eighty-four subjects. Candidates can view their results on the official UGC-NET website. Additionally, re-examinations for English, Commerce, and Sociology are set for September, specifically on the ninth and tenth. Importantly, no extra…

The Independent UK

Trump-run Kennedy Center ‘courting a constitutional crisis for one man’s vanity,’ lawyers say

Judge will decide whether Trump-controlled board violated court order blocking president’s name from the facade

Tom’s Hardware

Trump administration weighs expanding chip tariffs to laptops, consoles, and servers, report claims — January's data center exemptions may be scrapped

The Trump administration is weighing a second round of semiconductor tariffs that would extend duties beyond chips to products built with them.

The Economic Times

Indian, US businesses keen to invest in Bangladesh: Commerce Minister Khandakar Abdul Muktadir

Bangladesh minister Khandakar Abdul Muktadir says, Indian and US businesses are increasingly looking to invest in country, with Indian companies advocating for the activation of land ports to cut raw material expenses. They also proposed creating task forces to focus on infrastructure and digital advancements. Meanwhile, a US trade delegation…

The Economic Times

India eyes critical minerals, bigger markets in South America trade push

India is strengthening trade ties with South American nations like Chile, Argentina, and Brazil. Commerce Secretary Rajesh Agrawal will chair joint trade meetings in Argentina and Brazil. Talks for a comprehensive trade agreement with Chile are in advanced stages. Discussions will also cover expanding the preferential trade agreement with Mercosur.…

The Economic Times

Piyush Goyal pushes for greater India-Singapore economic, investment ties

Commerce Minister Piyush Goyal met Singapore leaders to boost trade and investment. Discussions focused on strengthening business-to-business engagement and unlocking new economic opportunities. Temasek Holdings CEO and Fortis Healthcare Chairman also held discussions with Goyal. The minister addressed the India-Singapore Business Forum and met potential investors. Singapore remains India's largest…

The Economic Times

Piyush Goyal pitches Singapore as springboard for India’s agri-food exports

Indian ministers promoted agricultural exports in Singapore through a special roadshow event. This initiative aims to expand Indian farmers' and food manufacturers' market presence. The event focused on diverse products including organic items and millets. This effort supports strengthening bilateral trade and economic cooperation between India and Singapore. Discussions also…

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