Treasury Secretary Scott Bessent said he's speaking with his counterparts in the EU, Australia, Canada, India and other parts of Asia about how they can respond to the new Chinese restrictions on rare earths. “We're going to have a fulsome, group response to this,” he said (see 2510150034).
President Donald Trump posted on social media that he and Russian President Vladimir Putin had a long, "very productive" phone call on Oct. 16. In addition to talking about the ceasefire in Gaza and the first lady's efforts to get Ukrainian children held in Russia or Russia-occupied Ukraine back to their parents in free Ukraine, "we also spent a great deal of time talking about Trade between Russia and the United States when the War with Ukraine is over," he wrote.
President Donald Trump, in response to a question about whether he would engage in trade talks with India, said that Indian Prime Minister Narendra Modi "assured me today that they will not be buying oil from Russia. That's a big stop. Now I got to get China to do the same thing."
The Aerospace Industries Association (AIA) unveiled dozens of recommendations Oct. 10 that it said would make the U.S. arms sales process more predictable, efficient and transparent.
The Bureau of Industry and Security recently updated its FAQs on the export control seminars that it holds for businesses and organizations looking to comply with the Export Administration Regulations or obtain continuing legal education credits. The FAQs cover who should attend the seminars, how organizations can request a seminar, how to partner with BIS on a seminar, what topics are usually covered and more.
The Treasury Department’s Financial Crimes Enforcement Network issued new FAQs last week that it said help clarify certain requirements related to the filing of suspicious activity reports with FinCEN. The FAQs touch on requirements relating to the circumstances under which financial institutions must file the reports, ongoing reviews of customer accounts, and more.
Exporters shouldn’t assume that the AUKUS initiative between Australia, the U.K. and the U.S. will continue in its current form, even though the Trump administration has made mostly positive comments about the agreement, said Charles Edel, the Australia chair at the Center for Strategic and International Studies.
The President's Export Council wasn't among a list of federal advisory committees that President Donald Trump chose to maintain in an executive order released Sept. 29, and a White House spokesperson this week called the council "unnecessary."
The State Department recently approved possible military sales, to South Korea and Canada, the Defense Security Cooperation Agency said.
Turkish Airways will buy up to 75 advanced Boeing 787 Dreamliner aircraft and plans to purchase up to 150 more 737 MAX airplanes as part of a $30 billion deal with Boeing, the Commerce Department announced last week. "The $30 billion agreement for Boeing 787 Dreamliner aircraft will include an estimated $25 billion in U.S. export content," Commerce said.