The U.S. will suspend the Bureau of Industry and Security’s 50% rule for one year in exchange for Beijing postponing its export restrictions on rare earths for one year, the two sides announced Oct. 30.
House Select Committee on China ranking member Raja Krishnamoorthi, D-Ill., said Oct. 29 that Congress might need to pass legislation to enhance the ability of the Committee on Foreign Investment in the U.S. to screen transactions for national security risks.
Nvidia’s Blackwell AI processors, the company’s latest advanced AI chip, will be part of trade negotiations in talks with China this week, President Donald Trump told reporters Oct. 28.
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The U.S. and Japan this week agreed to improve “technology protection” measures and enforcement coordination as part of a new Technology Prosperity Deal. Japan also agreed to pursue new sanctions against the Russian shadow fleet, strengthen foreign investment reviews and commit to work with the U.S. to strengthen critical minerals supply chains.
It seems unlikely that the Bureau of Industry and Security could withdraw its new 50% rule either due to industry pushback or as part of trade negotiations with China, said Matt Axelrod, the former BIS export enforcement chief.
The Trump administration said it has secured, or soon will secure, commitments from Malaysia, Thailand, Cambodia and Vietnam to cooperate on export controls, investment restrictions and other economic-security-related trade measures.
The U.S. has removed its arms embargo on Cambodia because of the country's "diligent pursuit of peace and security," the State Department's Directorate of Defense Trade Controls announced Oct. 27.
Most respondents to an Aerospace Industry Association survey on the AUKUS defense trade exemption said they view the change positively, although they believe the scope of the exemption may need to be expanded and the State Department’s Excluded Technology List should be revised. They also said the U.S., Australia and the U.K. should publish clearer guidance on the authorized user enrollment process to address “inconsistencies across the three jurisdictions.”
Chinese companies are likely to end up buying Nvidia chips despite reports that Beijing has ordered its top firms to cease those purchases, said Jake Sullivan, former national security adviser to President Joe Biden.