Commerce refers to the activity of buying and selling goods and services, typically on a larger scale than retail. It encompasses all interactions and exchanges that occur in the marketplace, including the processes of trade, transportation, and marketing. Commerce can involve businesses, governments, and individuals, and it plays a crucial role in the economy by facilitating the flow of resources and wealth. It includes various forms such as e-commerce (online shopping) and traditional face-to-face transactions. Overall, commerce is integral to economic systems, influencing how products move from producers to consumers and helping to shape market trends and consumer behavior.
Howard Lutnick confirmed as new commerce secretary with a narrow Senate vote of 51 to 45. Lutnick aims to reshape international trade dynamics, emphasizing tariffs to protect American industries. Plans…