The incoming Trump administration likely will end the Biden administration’s temporary pause on pending decisions for liquefied natural gas exports, Sen. John Kennedy, R-La., said late Nov. 13.
The Trump administration would be unwise to expand its export controls to cover older-generation semiconductors destined to China, but it could pursue new restrictions over less advanced versions of the tools used to make certain chips, technology policy analysts said in interviews, particularly if it’s willing to be more aggressive than the Biden administration in talks with the Dutch and Japanese.
Recent meetings with American lawmakers during a visit to the U.S. gave the impression there is strong bipartisan support for maintaining the EU-U.S. Trade and Technology Council, a European Parliament member said Nov. 13.
A member of the House Financial Services and Foreign Affairs committees urged eight federal financial regulators, including the Treasury Department, to refrain from pushing through new rules in the waning days of the Biden administration.
Foreign investment lawyers aren’t expecting a big change in how the Committee on Foreign Investment in the U.S. operates under a second Trump administration, although a new round of tariffs against China and the continued easing of export restrictions among close U.S. allies could change the investment landscape and the number of filings submitted to CFIUS.
The EU and the U.S. should tighten sanctions against both China and Russia, the EU’s next top foreign affairs official said, saying the two sides need to work closely to break up an emerging alliance between Moscow and Beijing.
Sen. Marco Rubio, R-Fla., President-elect Donald Trump’s reported choice to be secretary of state, and Rep. Mike Waltz, R-Fla., Trump's selection to be national security adviser, have played active roles on export controls and sanctions while serving in Congress.
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American exporters, especially in the agricultural industry, should expect to face retaliatory duties when selling to a range of U.S. trading partners if President-elect Donald Trump follows through on his promise to sharply increase tariffs when he takes office next year (see 2408140058), lawyers and advisers said this week.
U.S. mobile phone parts producer Lumentum is under investigation by the Bureau of Industry and Security and DOJ for potentially violating U.S. export controls against Huawei, according to corporate filings.