Department of Commerce

US imposes $300 mln penalty on Seagate over Huawei shipments

U.S. authorities on April 19 imposed a $300 million penalty on Seagate Technology, to resolve alleged violations of export controls related to selling hard disk drives to Huawei Technologies, the Commerce Department said.

The manufacturer was involved in the shipment of hard disk drives valued over $1.1 billion to Huawei entities despite U.S. controls.

The United States Extended Huawei's Provisional License for another 45 Days

President Trump's government has announced that it is extending Huawei's provisional license for another 45 days (to allow US companies to find alternatives to the Chinese telecommunications giant, which was considered a security threat to the United States, France Press reported.

International travel to US drops for first time since 2009

The number of international visitors to the United States has dropped for the first time since 2009, as did their spending, the U.S. Department of Commerce said on Aug. 11.

In 2016, 75.6 million international travelers ventured stateside, a two percent drop from the previous year. Their spending also fell by one percent to $244.7 billion.