The U.S. will struggle to compete technologically with China unless it continues to loosen trade barriers around sensitive technologies for a broader range of allies outside just the U.K. and Australia, Mike Gallagher, a former member of Congress, said this week.
European Commission President Ursula von der Leyen, along with French President Emmanuel Macron, met with Chinese President Xi Jinping in Paris this week to discuss trade, Russia’s war against Ukraine and other topics, von der Leyen said in a statement.
TikTok asked the U.S. Court of Appeals for the District of Columbia Circuit May 7 to overturn a recently enacted law that will ban the popular social media application in the United States if China’s ByteDance doesn't sell the app to an entity that isn’t controlled by a foreign adversary.
A bipartisan group of four House members introduced a bill last week they said would close an export control loophole that has allowed China to access advanced U.S. computing chips remotely.
Senate Democrats are urging the Treasury Department to quickly finalize a proposed rule that could make investment advisers subject to more sanctions-related compliance requirements, adding that the agency should also require advisers to follow rigorous due diligence requirements that currently apply to large banks. But financial industry organizations said Treasury should revise the proposal because investment advisers are already covered by existing anti-money laundering laws and aren’t the right target for new compliance guardrails.
German automakers don't want the EU to impose trade restrictions on Chinese electric vehicles, Hildegard Muller, president of the German Automotive Industry Association, told Beijing in a meeting with Chinese Commerce Minister Wang Wentao this week.
Aggressive new U.S. export controls on advanced computing chips and the equipment to manufacture them are having unintended side effects and may be causing more harm than good for Western companies, a Brussels-based think-tank said.
The Treasury and State departments announced May 1 that they are sanctioning more than 280 entities and people in Russia and third countries for helping Moscow sustain its military industrial base during its war against Ukraine.
The Aerospace Industries Association (AIA) intends to provide “detailed feedback” to the State Department to help it improve proposed regulations that would exempt Australia and the U.K. from International Traffic in Arms Regulations under the Australia-U.K.-U.S. (AUKUS) Enhanced Trilateral Security Partnership, the head of the industry group said May 1.
Reps. Chris Smith, R-N.J., and Tom Suozzi, D-N.Y., introduced a bill last week that would expand the list of sanctionable offenses for human rights violations against Uyghurs in China’s Xinjiang region. The added offenses would include forced sterilization, forced abortions, forced organ harvesting and seeking the forced deportations of Uyghurs from third countries. The proposed Uyghur Genocide Accountability and Sanctions Act would also authorize secondary sanctions on business and government entities that aid human rights abuses in Xinjiang. Sens. Marco Rubio, R-Fla., and Jeff Merkley, D-Ore., introduced a similar bill last year (see 2305310024).