House Foreign Affairs Committee Chairman Michael McCaul, R-Texas, on Dec. 3 criticized the Biden administration’s new export controls on advanced computing chips and chipmaking equipment, saying they leave too many loopholes that Chinese companies can exploit to obtain American technology and modernize China’s military. McCaul said he plans to work with the incoming Trump administration to close those loopholes. McCaul made his comments a day after the Bureau of Industry and Security unveiled the new restrictions (see 2412020016).
President-elect Donald Trump posted on Truth Social that he will block the purchase of U.S. Steel by Nippon Steel, though it's possible President Joe Biden will take care of that before Trump is inaugurated.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
The latest U.S. semiconductor-related export restrictions represent a strengthening of controls on China along with a “massive” expansion of foreign direct product rule restrictions, but they also include some head-scratching loopholes that chip firms will exploit, semiconductor policy researchers said this week.
Rep. Chris Smith, R-N.J., a proponent of imposing more sanctions in response to Sudan’s civil war, said Nov. 29 that he plans to meet the week of Dec. 2 with Sen. Marco Rubio, R-Fla., President-elect Donald Trump’s pick to be secretary of state, to discuss several topics, including Sudan.
A new set of U.S. export controls announced this week target a range of semiconductor manufacturing equipment, chip software tools, high-bandwidth memory and more, including by introducing new license obligations on certain foreign-made tools that the Bureau of Industry and Security said can be used by China to make advanced chips for its military. BIS also added more than 100 entities to the Entity List, most based in China, for aiding Beijing's military technology goals.
A new Bureau of Industry and Security license exception that could allow U.S. exporters to continue shipping certain advanced technologies to a list of close American allies is promising, but it presents some “limitations” if not implemented correctly, the Center for Strategic and International studies said this week.
Although President-elect Donald Trump has vowed to dismantle the federal bureaucracy in Washington, a key architect of recent DOJ export control and sanctions initiatives believes those efforts will echo through the next administration.
The National Turkey Federation and Sen. Mark Warner, D-Va., co-chair of the Senate India Caucus, announced this month that the U.S. has begun exporting turkey products to India thanks to a September 2023 trade agreement that called for the South Asian country to reduce tariffs on several food items, including frozen turkey (see 2309080049). The first shipment, which was provided by Virginia turkey farmers, recently left the U.S. from the Port of Virginia, the announcement says.
The former chief of staff to then-U.S. Trade Representative Robert Lighthizer has been chosen for USTR in Donald Trump's second administration.