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.
The Western regional manager of a New York-based freight forwarding company was arrested Dec. 10 for her alleged involvement in a scheme to violate U.S. export controls and sanctions on Russia, the U.S. Attorney's Office for the Eastern District of New York announced. The manager, Natalya Mazulina, faces 12 counts of various export-related crimes.
Rep. Rob Wittman, R-Va., co-chair of the House Select Committee on China’s Critical Minerals Policy Working Group, has announced plans to introduce a bill that would restrict exports of two reusable materials: "black mass," a metal-rich mixture that comes from used lithium-ion batteries, and "swarf," metal debris produced during magnet manufacturing.
The Office of Foreign Assets Control this week removed a range of Latin America-related entries from its Specially Designated Nationals List, including multiple people and entities the agency had accused of having links to illegal drug trafficking.
Canada announced new sanctions against both China and Russia on Dec. 10 to mark International Human Rights Day, designating former or current officials with both countries’ governments or security services.
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U.S. persons may be able to host sanctioned people as speakers at overseas conferences without a specific authorization, the Office of Foreign Assets Control said, marking an apparent reversal of the agency’s previous sanctions policy for speaking engagements.
China appears to be preparing to use its own set of extraterritorial export controls against the U.S. in response to the Biden administration’s latest chip restrictions and Entity List additions, an official with the U.S.-China Business Council said.