About Commerce Secretary

The **Secretary of Commerce** is the head of the United States Department of Commerce, serving as the principal advisor to the president on matters related to commerce, economic growth, and trade. This cabinet-level position oversees policies and programs that promote both domestic and international business development, fair trade practices, and innovation in technology and industry[2][3][7]. Historically, the Department of Commerce was established in 1913 after separating from the Department of Commerce and Labor, reflecting the growing importance of commerce in the U.S. economy. The Secretary of Commerce is appointed by the president with Senate confirmation and manages a broad portfolio that includes economic development, export administration, intellectual property rights, and standards and technology advancement[2][4]. The department’s mission is to foster, promote, and develop U.S. commerce, supporting business growth, job creation, and technological advancement[4]. Key achievements of the Secretary and the Department include managing federal programs to promote economic development, administering export licenses, protecting intellectual property via patents and trademarks, and supporting minority and small businesses. The department also compiles vital economic statistics and helps ensure compliance with international trade treaties[4][5]. The Secretary directs the department’s various offices such as the Office of the Secretary, Office of Business Liaison, and the National Institute of Standards and Technology (NIST), which plays a crucial role in technological standards and innovation[4][5]. Currently, the Secretary of Commerce leads a complex organization that integrates policy formulation, regulatory oversight, and program administration to sustain U.S. economic competitiveness in a globalized market. This includes embracing technology-driven industries and addressing challenges related to trade and economic equity[2][4][5]. The role remains central to shaping U.S. business and technology policy, making it a pivotal position for those interested in commerce and economic affairs.

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Business

Trump's Policies Weaken Dollar

02 Jul 2025 9 views

#politics #economy #tariffs

Analysis of the economic impact of President Trump's tariffs and tax bill on the U.S. dollar and global economy.