Sen. John Cornyn, R-Texas, and Rep. Andy Barr, R-Ky., are working together to ensure that their bill to restrict U.S. outbound investment in China clears its last major hurdle in Congress, Cornyn said late Oct. 22.
A former State Department analyst on export control and sanctions evasion under President Joe Biden and a former National Security Council director for China under President George W. Bush agreed that the Bureau of Industry and Security's 50% rule was not fully thought through before its announcement.
The European Automobile Manufacturers Association said it's "deeply concerned" about potential disruptions to European vehicle manufacturing stemming from a trade dispute over Chinese-owned Dutch semiconductor firm Nexperia, especially "if the interruption of Nexperia chips supplies cannot be immediately resolved."
The success of the Trump administration's AI export plan depends on how fast the U.S. can export its AI technology around the world and whether the project allows the U.S. to strengthen relationships with allies, said Pablo Chavez, an adjunct senior fellow with the Center for a New American Security's Technology and National Security Program.
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Open-source intelligence software firm WireScreen said it has identified more than 20,000 Chinese entities that are subject to U.S. export restrictions as a result of the Bureau of Industry and Security's 50% rule, released last month (see 2510030041 and 2509290017).
The EU should expand export controls over advanced technology and impose new tariffs against China to counter Beijing’s sweeping export curbs on rare earths (see 2510090021), a major European think tank said this week.
President Donald Trump told reporters that unless China stops fentanyl shipments, resumes buying U.S. soybeans and stops playing "the rare earth game with us," he won't lower tariffs.
U.S. export controls on design technology for advanced computing chips have spurred China to speed up pursuing its own capabilities, according to a new report by the Center for Strategic and International Studies.
The EU continued to largely approve most foreign direct investment deals submitted to its investment review cooperation mechanism, the European Commission said in its annual report on FDI, released this week.