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Exports and foreign direct investment (FDI) are proven job generators. In 2022, it is estimated that exports directly and indirectly supported approximately 10.2 million jobs, or 6.7 percent of total U.S. employment. Majority-owned U.S. affiliates of foreign multinational enterprises employed 8.35 million workers in the United States in 2022.
The 2026 SelectUSA Investment Summit returns to National Harbor, Maryland, from May 3-6, 2026, to establish new connections and growth opportunities through investing in the United States.
Today, the Department of Commerce, the Office of the United States Trade Representative, and the Department of Health and Human Services issued the following statements announcing an agreement in principle on pharmaceutical pricing between the United States and the United Kingdom. In the historic U.S.-U.K. Economic Prosperity Deal (EPD), President Trump and Prime Minister Starmer agreed to address...
On November 24, U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer met with European Union (EU) trade ministers in their first trips to Brussels since taking office to strengthen President Trump’s historic trade deal. Secretary Lutnick urged the EU to adopt a "balanced approach" to digital regulation to secure an agreement to lower steel and aluminum tariffs. Fact
Today, U.S. Secretary of Commerce Howard Lutnick announced that registration is open for the 2026 SelectUSA Investment Summit to be held May 3 - 6, 2026 at the Gaylord National Resort & Convention Center in National Harbor, Maryland. The SelectUSA Investment Summit is the premier event dedicated to promoting foreign direct investment (FDI) in the United States, with a focus on connecting...
Today, the U.S. Department of Commerce celebrated a historic U.S. transportation commercial deal between Wabtec Corporation and the Government of Kazakhstan, with a signing ceremony during the 80th United Nations General Assembly in New York City. Under this $4.2 billion agreement, Wabtec Corporation will provide 300 locomotives to Kazakhstan – the largest rail equipment deal in history. “Today’s...
The United States and the European Union are pleased to announce that they have agreed on a Framework on an Agreement on Reciprocal, Fair, and Balanced Trade (“Framework Agreement”). This Framework Agreement represents a concrete demonstration of our commitment to fair, balanced, and mutually beneficial trade and investment. This Framework Agreement will put our trade and investment relationship –...
Last week, the U.S. Department of Commerce held the 11th SelectUSA Investment Summit which was the largest Investment Summit in its history with over 5,500 attendees spanning over a record 100+ international markets and over 1,100 economic developers representing 54 U.S. states and territories and catalyzing nearly $1 billion in new investment announcements. “We are seeing a resurgence in foreign...
Today, U.S. Secretary of Commerce Howard Lutnick announced the latest speakers to join the growing list of high-level attendees, including CEOs and company executives, U.S. Cabinet Members, senior administration officials, and U.S. governors participating at the 2025 SelectUSA Investment Summit, scheduled for May 11-14 at the Gaylord National Resort and Convention Center in National Harbor...
Today, the United States and the United Kingdom announced a historic trade deal – providing unprecedented access to the U.K. markets while bolstering U.S. national security. The reciprocal tariff rate of 10%, as originally announced on Liberation Day, will remain. The trade deal will increase tariff revenue dramatically, bringing in billions of dollars in new revenue. The deal removes longstanding...
Today, U.S. Secretary of Commerce Howard Lutnick announced the first wave of global business leaders, and U.S. Governors participating at the 2025 SelectUSA Investment Summit, scheduled for May 11-14 at the Gaylord National Resort and Convention Center in National Harbor, Maryland. “President Trump’s America First Investment Policy is revitalizing our economy and making the United States of...
On Friday, U.S. Secretary of Commerce Howard Lutnick hosted a signing ceremony for a major commercial agreement between Korean Air and American aviation leaders Boeing and GE Aerospace, valued at approximately $32 billion. The agreement covers Korean Air’s purchase of up to 50 widebody aircraft manufactured by Boeing using GE Aerospace engines. The event underscored the Trump administration’s...
