<p>In the first year of President Donald J. Trump’s second term, Secretary Lutnick has overseen a total transformation of the Department of Commerce.</p><h2><strong>Sectorial Tariff Revenue and Investment Deals</strong></h2><h2><em><strong>20 </strong>landmark trade deals totaling over <strong>$9.94 trillion</strong> in U.S. investment commitments </em>President Trump and Secretary Lutnick have focused on rebalancing trade and securing the American industrial base through tariff protection and landmark investment agreements. </h2><p> </p><div><table cellpadding=”0″ cellspacing=”0″ border=”1″><tbody><tr><td colspan=”2″><p class=”text-align-center”><strong>Investment Totals</strong></p></td></tr><tr><td><strong>Category</strong></td><td><strong>Amount</strong></td></tr><tr><td><strong>Direct Strategic Investment</strong></td><td>$1.15 Trillion</td></tr><tr><td><strong>Foreign Direct Investment</strong></td><td>$6.09 Trillion</td></tr><tr><td><strong>Foreign Purchase Orders</strong></td><td>$1.4 Trillion</td></tr><tr><td><strong>Corporate Investment Catalyzed</strong></td><td>$850 Billion</td></tr><tr><td><em>Including Pharma Reshoring Commitments</em></td><td>$250 Billion </td></tr><tr><td><strong>TOTAL</strong></td><td><strong>$9.49 Trillion</strong></td></tr></tbody></table></div><p> </p><p><strong>Lowered Cost of the Department of Commerce from $10 Billion to $8.3 Billion and reduced staff from 52,000 to 40,000.</strong></p><div><table cellpadding=”0″ cellspacing=”0″ border=”0″><tbody><tr><td colspan=”3″><h3 class=”text-align-center”><strong>Investment and Deal Breakdown</strong></h3></td></tr><tr><td><h3><strong>Entity</strong></h3></td><td><h3><strong>Total Value</strong></h3></td><td><h3><strong>Category Highlight</strong></h3></td></tr><tr><td colspan=”3″><h3 class=”text-align-center”><strong>National and Economic Security Fund</strong></h3></td></tr><tr><td><h3>Japan</h3></td><td><h3>$550.0 Billion</h3></td><td><h3>Rebuilding U.S. industrial base</h3></td></tr><tr><td><h3>South Korea</h3></td><td><h3>$350.0 Billion</h3></td><td><h3>Shipbuilding & U.S. industrial base</h3></td></tr><tr><td><h3>Taiwan</h3></td><td><h3>$250 Billion</h3><p> </p></td><td><h3>Semiconductor fabs, guarantees $250 Billion in full semiconductor supply chain</h3></td></tr><tr><td colspan=”3″><h3 class=”text-align-center”><strong>Foreign Direct Investment</strong></h3></td></tr><tr><td><h3>UAE</h3></td><td><h3>$1.6 Trillion</h3></td><td><h3>10-year AI/Semiconductor framework</h3></td></tr><tr><td><h3>Qatar</h3></td><td><h3>$1.4 Trillion</h3></td><td><h3>Economic exchange & Boeing/GE deals</h3></td></tr><tr><td><h3>European Union</h3></td><td><h3>$1.4 Trillion</h3></td><td><h3>Energy, FDI</h3></td></tr><tr><td><h3>Saudi Arabia</h3></td><td><h3>$1 Trillion</h3></td><td><h3>Energy security & tech infrastructure</h3></td></tr><tr><td><h3>South Korea</h3></td><td><h3>$150 Billion</h3></td><td><h3>FDI</h3></td></tr><tr><td><h3>Malaysia</h3></td><td><h3>$220 Billion</h3></td><td><h3>Capital fund investment & semiconductors purchase</h3></td></tr><tr><td><h3>Switzerland / Liechtenstein</h3></td><td><h3>$200.3 Billion</h3></td><td><h3>Manufacturing & R&D across 50 states</h3></td></tr><tr><td><h3>Thailand</h3></td><td><h3>$26.8 Billion</h3></td><td><h3>Aircraft and Energy purchases</h3></td></tr><tr><td><h3>Indonesia</h3></td><td><h3>$22.7 Billion</h3></td><td><h3>Energy, Aircraft, and Ag products</h3></td></tr><tr><td><h3>Hungary</h3></td><td><h3>$21.4 Billion</h3></td><td><h3>SMR Nuclear hub & defense sales</h3></td></tr><tr><td><h3>United Kingdom</h3></td><td><h3>$35.0 Billion</h3></td><td><h3>AI R&D and infrastructure</h3></td></tr><tr><td><h3>Vietnam</h3></td><td><h3>$10.9 Billion</h3></td><td><h3>Boeing aircraft & Ag commodities</h3></td></tr><tr><td><h3>Japan</h3></td><td><h3>$6 Billion</h3></td><td><h3>Energy</h3></td></tr><tr><td><h3><strong>TOTAL SUM</strong></h3></td><td><h3><strong>$6.09 Trillion</strong></h3></td><td><h3><strong>Overall Inflow to U.S. Economy</strong></h3></td></tr></tbody></table></div><div><table cellpadding=”0″ cellspacing=”0″ border=”0″><tbody><tr><td colspan=”2″><h3 class=”text-align-center”><strong>Sectorial Tariff Revenue Breakdown by Product Category</strong></h3></td></tr><tr><td><h3><strong>Product Category</strong></h3></td><td><h3><strong>Total Revenue (FY25)</strong></h3></td></tr><tr><td><h3><strong>Autos & Parts</strong></h3></td><td><h3>$38 Billion in fines</h3></td></tr><tr><td><h3><strong>Steel & Aluminum</strong> (including Derivatives & Mexico)</h3></td><td><h3>$35.3 Billion in fines</h3></td></tr><tr><td><h3><strong>Copper</strong></h3></td><td><h3>$1.4 Billion in fines</h3></td></tr><tr><td><h3><strong>Trucks & Parts</strong></h3></td><td><h3>$972.9 Million in fines</h3></td></tr><tr><td><h3><strong>Timber Lumber</strong></h3></td><td><h3>$645.5 Million in fines</h3></td></tr><tr><td><h3><strong>TOTAL</strong></h3></td><td><h3><strong>$76.4 Billion in fines</strong></h3></td></tr></tbody></table></div><p class=”text-align-center”>The Department raised a total of <strong>$76.4 billion</strong> in <strong>tariff fines.</strong></p><table cellpadding=”0″ cellspacing=”0″ border=”0″><tbody><tr><td colspan=”3″><p class=”text-align-center”><strong>Strategic Equity & Governance Wins</strong></p></td></tr><tr><td><strong>Category</strong></td><td><strong>Deal Value / Stake</strong></td><td><strong>U.S. Government Win</strong></td></tr><tr><td><strong>Semiconductor Ecosystem</strong></td><td><strong>$276.0 Billion</strong></td><td>Incremental investment secured via Dept. of Commerce (<strong>2x increase</strong>).</td></tr><tr><td><strong>Intel Strategic Stake</strong></td><td><strong>$22.5 Billion</strong></td><td>Converted $8.9B in grants into a <strong>9.9% equity stake</strong>. Net gain of <strong>$10B+</strong> (2x value increase) since the deal.</td></tr><tr><td><strong>CHIPS Act Upside</strong></td><td><strong>$20.0 Billion</strong></td><td>Strategic restructuring of awards to yield massive <strong>potential returns</strong> for taxpayers.</td></tr><tr><td><strong>U.S. Steel “Golden Share”</strong></td><td><strong>$14.9 Billion</strong></td><td>Secured <strong>veto power</strong> over strategic decisions and board representation in the Nippon Steel acquisition.</td></tr><tr><td><strong>Korea Zinc</strong></td><td><strong>$7.4 Billion</strong></td><td>Secured <strong>$210M in equity</strong> for a TN processing facility for 13 critical minerals.</td></tr><tr><td><strong>xLight (Lithography)</strong></td><td><strong>$150 Million</strong></td><td>Proposed <strong>$150M equity stake</strong> via Letter of Intent for next-gen semiconductor technology.</td></tr></tbody></table><p><strong>The Trump Gold Card Program</strong></p><p>Developed and overseen by the Department of Commerce under Secretary Lutnick, the Trump Gold Card Program has reformed the American immigration system by facilitating the entry of individuals who demonstrate the capacity to advance the interests of the United States.</p><ul><li><strong>$1.3 billion</strong> has already been committed through the program, which requires a <strong>$1M individual</strong> or <strong>$2M corporate</strong> financial gift to the Nation.</li></ul><p><strong>Rebuilding America’s Semiconductor Leadership</strong></p><p>Secretary Lutnick has dramatically improved and created 14 landmark semiconductor deals, doubling total announced U.S. investment from $279 billion to $555 billion. These strategic renegotiations secured $20 billion in upside for American taxpayers and created 22 billion equity in Intel without utilizing any additional award dollars.</p><table cellpadding=”0″ cellspacing=”0″ border=”1″><tbody><tr><td colspan=”5″><p class=”text-align-center”><strong>Firms that saw a rise in capital commitments</strong></p></td></tr><tr><td><strong>Company</strong></td><td><strong>Investment Increase ($)</strong></td><td><strong>% Increase</strong></td><td><strong>Lutnick New Commitment</strong></td><td><strong>Biden-Era Investment</strong></td></tr><tr><td><strong>Micron</strong></td><td><strong>+$125.1 B</strong></td><td><strong>167%</strong></td><td><strong>$200B</strong></td><td>$74.9B</td></tr><tr><td><strong>TSMC</strong></td><td><strong>+$100B</strong></td><td><strong>154%</strong></td><td><strong>$165.1B</strong></td><td>$65.1B</td></tr><tr><td><strong>Texas Instruments</strong></td><td><strong>+$30.7B</strong></td><td><strong>105%</strong></td><td><strong>$60B</strong></td><td>$29.3B</td></tr><tr><td><strong>Amkor</strong></td><td><strong>+$5.3B</strong></td><td><strong>312%</strong></td><td><strong>$7B</strong></td><td>$1.7B</td></tr><tr><td><strong>Infinera</strong></td><td><strong>+$4.0B</strong></td><td><strong>877%</strong></td><td><strong>$4.46B</strong></td><td>$456M</td></tr><tr><td><strong>GlobalWafers</strong></td><td><strong>+$4.0B</strong></td><td><strong>102%</strong></td><td><strong>$7.94B</strong></td><td>$3.94B</td></tr><tr><td><strong>GlobalFoundries</strong></td><td><strong>+$2.62B</strong></td><td><strong>20%</strong></td><td><strong>$16B</strong></td><td>$13.38B</td></tr><tr><td><strong>Absolics</strong></td><td><strong>+$2.5B</strong></td><td><strong>729%</strong></td><td><strong>$2.84B</strong></td><td>$343M</td></tr><tr><td><strong>Entegris</strong></td><td><strong>+$700M</strong></td><td><strong>97%</strong></td><td><strong>$1.42B</strong></td><td>$722M</td></tr><tr><td><strong>SolAero</strong></td><td><strong>+$504M</strong></td><td><strong>525%</strong></td><td><strong>$600M</strong></td><td>$96M</td></tr><tr><td><strong>Bae Systems</strong></td><td><strong>+$300M</strong></td><td><strong>286%</strong></td><td><strong>$405M</strong></td><td>$488M</td></tr><tr><td colspan=”3″><p class=”text-align-right”><strong>TOTAL CAPITAL COMMITMENTS</strong></p></td><td><strong>$465.765</strong></td><td> </td></tr></tbody></table><p><strong>Major Bureau Accomplishments</strong></p><h3><strong>International Trade Administration (ITA)</strong></h3><ul><li><strong>$244 billion </strong>in commercial deals secured, including $206 billion in Made-in-America export content.</li><li><strong>$350 billion </strong>in strategic investment funds secured from Korea for sectors critical to national security.</li><li><strong>$550 billion </strong>in strategic investment funds secured from Japan for national security sectors.</li><li><strong>Over $1 trillion</strong> in foreign direct investment (FDI) attracted to support American industry, including a record $139 billion through SelectUSA.</li><li><strong>1.3 million</strong> American jobs supported with export and investment deals, including in sectors critical to national security and affordability.</li><li><strong>800 antidumping and countervailing</strong> duty orders enforced – a record total for protecting American businesses and workers from unfair trade practices.</li><li><strong>60-80% declines</strong> in unfair imports for key products by cracking down on harmful foreign trade practices through antidumping and countervailing duties</li><li><strong>$1 billion</strong> in new tariff revenue from closing the de minimis loophole globally for low-value shipments that funneled dangerous products into the United States.</li></ul><h3><strong>Bureau of Industry and Security (BIS)</strong></h3><ul><li><strong>12</strong> national-security investigations launched into unfair imports—the most of any administration in history including auto tariffs, steel & aluminum, lumber, pharmaceuticals, and semiconductor tariff investigations in drove imports including:<ul><li>$500 Billion Taiwan</li><li>$270 Billion Chips Act<ul><li>Increased in semiconductor reshoring<ul><li>All protected American Industry</li></ul></li></ul></li></ul></li><li><strong>Reshaped drug pricing</strong> by leveraging the power of <strong>Section 232</strong> <strong>Pharmaceutical Tariffs</strong> to implement <strong>Most Favored Nation (MFN)</strong> deals in coordination with HHS, ensuring Americans pay the lowest prices in the world for critical medications.</li><li><strong>3-year waivers</strong> from Section 232 pharmaceutical tariffs were granted to manufacturers in exchange for voluntary MFN pricing and multi-billion dollar investments in U.S.-based manufacturing and reshoring.</li><li><strong>113</strong> arrests, 62 convictions, and 2,526 months of prison time secured to shut down unfair foreign competition.</li><li><strong>158</strong> entities added to the export control “blacklists”, known as the Entities List and Unverified List.</li></ul><h3><strong>Bureau of Economic Analysis (BEA)</strong></h3><ul><li><strong>4.3%</strong> increase in the third quarter of 2025 GDP, representing the highest rate in two years.</li><li><strong>237</strong> countries and areas now covered by expanded export, import, and trade balance statistics for U.S. services (up from 90).</li><li><strong>Blockchain</strong> publishing of Commerce GDP data initiated to make America’s economic truth immutable and globally accessible.</li></ul><h3><strong>Census Bureau</strong></h3><ul><li><strong>$55 million</strong> in savings generated by identifying duplication and modernizing outdated systems through a comprehensive IT review.</li><li><strong>1 million</strong> children estimated to be undercounted in the 2020 Census are being targeted for inclusion through a new data deal with the IRS and SSA.</li><li><strong>2030 Census</strong> innovations and enhancements tested to help the Department achieve significant cost savings for taxpayers.</li></ul><h3><strong>Economic Development Agency (EDA)</strong></h3><ul><li><strong>$1.5 billion</strong> in grants being deployed to support communities across multiple states impacted by storms and natural disasters in 2023 and 2024.</li><li><strong>$102 million</strong> invested in 217 projects to build economic development capacity, expected to create or retain over 8,670 jobs.</li><li><strong>$220 million</strong> offered through the Tech Hubs program to fuel U.S. manufacturing and warfighting capabilities.</li><li><strong>$32 million</strong> in additional resources freed up by conducting a comprehensive administrative review of 3,656 grants in its current portfolio.</li></ul><h3><strong>National Institute for Standards and Technology (NIST)</strong></h3><ul><li><strong>$7.4 billion</strong> in taxpayer money taken back by voiding an illegal Biden administration contract for the National Semiconductor Technology Center.</li><li><strong>$150 million</strong> in equity secured through a deal with semiconductor firm xLight to accelerate innovative research.</li><li><strong>Post-quantum cryptography</strong> standards implemented in partnership with tech titans Microsoft, Apple, and Google to secure the internet for decades.</li></ul><h3><strong>National Oceanic and Atmospheric Administration (NOAA)</strong></h3><ul><li><strong>$850 million</strong> in taxpayer property saved from wildfires using new AI-driven wildfire and hurricane alert systems.</li><li><strong>$44 billion</strong> in infrastructure projects and 11,000 American jobs supported by expediting marine permitting for Alaska LNG exploration.</li><li><strong>231 metric tons</strong> of additional fish secured for the United States through the largest single-year increase in bluefin tuna quota in history</li><li><strong>$250 million</strong> in economic benefits delivered by deregulating thousands of acres of American fisheries</li></ul><h3><strong>National Telecommunications and Information Administration (NTIA)</strong></h3><ul><li><strong>$21 billion</strong> in taxpayer funds saved by overhauling the Broadband Equity Access and Deployment Program (BEAD) to connect homes at a fraction of the cost.</li><li><strong>$290 million</strong> in savings achieved over 230 contract actions by strengthening oversight of FirstNet travel and project spending.</li><li><strong>800 megahertz</strong> of federal spectrum targeted for full-power commercial use to power American 6G.</li></ul><h3><strong>Patent and Trademark Office (USPTO)</strong></h3><ul><li><strong>50,000</strong> applications removed from the nation’s utility patent backlog, allowing American inventions to reach the market faster.</li><li><strong>$315.5 million</strong> in costs saved through the termination, descoping, and negotiation of non-critical contracts.</li><li><strong>1.53 months</strong> of reduction in trademark first action pendency achieved, allowing trademark owners to obtain protection more quickly.</li><li><strong>AI and machine-learning</strong> advancements mandated as patent-eligible technological improvements to strengthen AI development.</li></ul><p> </p>
