The Treasury’s Office of Foreign Assets Control announced sanctions on a shipping network that moves hundreds of millions of dollars of oil for Iran, Treasury said in a Sept. 4 press release. The network includes dozens of ship managers, ships and “facilitators” overseen by Rostam Qasemi, a senior Iranian military official and the country’s former minister of petroleum. The sanctions target 16 entities, 10 people and 11 ships.
U.S. export controls are confusing, burdensome and often place U.S. companies at a disadvantage compared with foreign competitors, the American Chamber of Commerce in Shanghai said in an Aug. 29 report.
A Bureau of Industry and Security official acknowledged a delay in the agency’s proposed rulemaking for foundational technologies, saying she and other top Commerce Department officials expected the notice to be published by now. “I personally thought foundational would be out faster than it is. It was not just higher-level people,” said Hillary Hess, BIS’s director of the regulatory policy division, speaking during a Sept. 3 panel hosted by the American Bar Association.
The State Department is removing certain “lower performing radars” from the U.S. Munitions List and is extending for two years a temporary modification to Category XI, the State Department said in a notice in the Federal Register.
Nazak Nikakhtar is no longer the acting Commerce Department undersecretary for industry and security, a position she held as she awaited confirmation from the Senate, a Commerce spokesperson said. Nikakhtar is no longer performing that duty and is now focused solely on her role as assistant secretary for industry and analysis. Her nomination has not yet been officially withdrawn.
China is not looking to escalate its trade war with the U.S. and wants to focus on removing tariffs, not adding them, a Chinese government spokesman said Aug. 28. “We are resolutely opposed to the escalation of the trade war and are willing to resolve the issue through consultation and cooperation in a calm attitude,” said Gao Feng, a commerce ministry spokesman, according to an unofficial translation of a press conference transcript. “The escalation of the trade war is not conducive to China, not to the United States, and is not conducive to the interests of the people of the world.”
A China Foreign Affairs Ministry spokesperson denied knowledge for a second straight day of China's top trade negotiators phoning their U.S. counterparts over the weekend urging the resumption of talks toward a comprehensive trade deal, as President Donald Trump claimed they had on the sidelines of the G-7 summit.
Japan said it will allow “legitimate” exports to South Korea as it prepares today to remove the country from its list of trusted trading partners. During an Aug. 27 press conference, Hiroshige Seko, Japan’s minister of trade, economy and industry, repeated assertions that the move is not a “countermeasure” to any South Korean actions and is not an export embargo.
The U.S. and Japan agreed to a trade deal that will see Japan buy more U.S. agricultural goods, including beef, pork, dairy and corn, the countries announced during the G-7 summit in France.
U.S. industry representatives criticized China’s Aug. 23 decision to impose retaliatory tariffs on the U.S. and called for the two sides to quickly reach a trade deal. The latest Chinese tariffs could lock U.S. companies out of China for “many years,” said Doug Barry, spokesman for the U.S.-China Business Council. Barry said U.S. companies are worried that China is finding other suppliers as the trade war continues, and the latest measures may only speed up the process. “More worrisome is the signal to everyone, everywhere, that the trade conflict is getting worse, not better,” Barry said. “So let’s not invest and let’s not buy.”