The House on Jan. 12 passed a bill aimed at helping the Treasury Department find terrorists, Russian oligarchs and corrupt government officials.
India and the U.S. should aim for "economically meaningful outcomes" from better customs and trade facilitation, supply chain linkages, trade in high-tech products and trade in critical minerals between the two countries, India's commerce minister and U.S. Trade Representative Katherine Tai said in a joint statement.
The Drug Enforcement Administration is proposing to list 2,5-dimethoxy-4-iodoamphetamine (DOI) and 2,5-dimethoxy-4-chloroamphetamine (DOC), two phenethylamine hallucinogens, under Schedule I of the Controlled Substances Act, it said in a notice published Dec. 13. "If finalized, this action would impose the regulatory controls and administrative, civil, and criminal sanctions applicable to schedule I controlled substances on persons who handle (manufacture, distribute, reverse distribute, import, export, engage in research, conduct instructional activities or chemical analysis with, or possess), or propose to handle these two specific controlled substances." Comments are due by Jan. 12.
A former EU director general for the bloc's climate action directorate defended its Carbon Border Adjustment Mechanism, saying it's not designed to protect European heavy industry against imports from lower-cost economies.
New analysis from Georgetown University’s Center for Security and Emerging Technology includes a table of more than 100 types of semiconductors and whether they’re subject to U.S. export licensing requirements. CSET also said a new red flag recently published by the Bureau of Industry and Security could cause foundries to ask more questions of customers seeking to produce advanced chips.
The State Department this month has so far approved four potential military sales worth nearly $3 billion combined, including one to help give training to Australia as part of the Australia-U.K.-U.S. (AUKUS) partnership.
The World Trade Organization Secretariat, at the UN Summit on Climate Change, recommended that countries lower their import tariffs to increase the uptake of low-carbon technologies, reform environmentally harmful subsidies, facilitate trade to reduce greenhouse gas emissions for idling vehicles at the border, and improve coordination of carbon pricing "to reduce policy fragmentation and compliance costs."
Senate and House Democrats sent a letter to the Energy Department this week urging the agency to rethink its approval process for liquefied natural gas (LNG) exports. More than 60 lawmakers said they are concerned the agency’s approach doesn’t “fully or accurately consider how LNG exports negatively impact the climate, environmental justice communities, or increase domestic energy prices” and asked DOE to begin a rulemaking to update its permit review process.
The U.S. should have placed export controls on a broader range of semiconductors, including legacy chips, as part of its efforts over the last year to restrict sales of advanced semiconductors to China, said Nazak Nikakhtar, a former acting Bureau of Industry and Security undersecretary. She said a lack of legacy chip controls is allowing China to dominate that sector of the industry and grab market share away from companies in the U.S. and its allies, including South Korea and Taiwan.
The U.K. added 29 entries to the Russia sanctions regime Nov. 8, targeting Russian gold refiners and producers as well as international networks supporting the country's gold, oil, finance and defense sectors. The country's National Crime Agency also issued a new alert to make financial institutions aware of how Russia is using gold to evade sanctions.