Federal Maritime Commissioner Carl Bentzel is leaving the FMC to become president of the National Association of Waterfront Employers and executive director of the National Maritime Safety Association, he said in a Dec. 13 statement. “I am looking forward to this exciting opportunity to continue to work within the maritime industry and to contribute to the growth of the terminal operating industry,” he said.
A possible rise in U.S. trade protectionism under the incoming Donald Trump administration could lead to several key “constraints” on the American economy, especially for exporters, said Mary Lovely, a senior fellow at the Peterson Institute for International Economics.
The U.S. government should dramatically increase the number of Cuban officials who are sanctioned under the Global Magnitsky Human Rights Accountability Act, Rep. Chris Smith, R-N.J., said Dec. 11.
Sen. Peter Welch, D-Vt., and Rep. Summer Lee, D-Pa., introduced a bill Dec. 10 that would codify President Joe Biden’s February executive order allowing the U.S. to sanction those who undermine peace, security and stability in the West Bank (see 2402010053).
In one of his last moves as chairman of the Senate Foreign Relations Committee, retiring Sen. Ben Cardin, D-Md., introduced a wide-ranging China bill Dec. 11 that contains several sanctions, foreign investment and trade provisions.
The U.S. and China need to pause their escalating trade restrictions against one another and have a “serious” conversation about how to manage national security risks around technology to prevent a dangerous decoupling of their two economies, the outgoing leader of a major U.S.-China business organization warned this week.
The Biden administration is planning more policy actions related to artificial intelligence chips -- including possibly more export enforcement -- before President-elect Donald Trump takes over next month, said Ben Buchanan, the White House’s special adviser for AI.
President-elect Donald Trump plans to nominate Jacob Helberg, a commissioner with the U.S. China Economic and Security Review Commission, to be the State Department’s next undersecretary for economic growth, energy and the environment. Helberg will “guide State Department policy on Economic statecraft, promoting America's Economic security and growth, and American technological dominance abroad,” Trump said in a Dec. 10 post on Truth Social.
Sen. Rand Paul, R-Ky., who opposed passage of a law banning TikTok in the U.S. unless China’s ByteDance divests the popular social media application, said Dec. 10 he is “still hopeful” the U.S. Supreme Court will rule the measure unconstitutional.
Rep. Brian Mast, R-Fla., who is slated to become chairman of the House Foreign Affairs Committee in January (see 2412100008), said Dec. 10 that he envisions a greater role for the panel in overseeing State Department operations.