The order directs Lutnick to lead an investigation into the national security implications of the U.S.'s current lumber imports.

In a Monday statement, Ian Gary, executive director of the Financial Accountability and Corporate Transparency Coalition, called the move a “hollowing out” of the Corporate Transparency Act that runs counter to years of bipartisan work to “end the scourge of anonymous shell companies.”

South Korea’s industry minister, Ahn Duk-geun on Saturday requested a tariff exemption in talks with the US administration as Washington moves forward with plans to impose new tariffs. Seoul’s industry ministry in a statement said Duk-geun met with US Commerce Secretary,

Ahn Duk-geun met with U.S. Commerce Secretary Howard Lutnick, U.S. Interior Secretary Doug Burgum and U.S. Trade Representative Jamieson Greer in Washington this week, seeking tariff exemptions ...