Japanese lawmakers this week urged the Trump administration to continue engaging with allies on economic security issues and to not close off America from Japanese investment, saying Japanese companies will help grow American exports and reduce the U.S. trade deficit.
The Treasury Department is exploring several ways to improve its screening of inbound and outbound investment, Deputy Treasury Secretary Michael Faulkender said April 24.
A new executive order aimed at reducing regulatory restrictions around weapons sales could speed up exports to allies and remove other trade barriers, law firms said, although key questions remain about how U.S. agencies will implement it.
The Bureau of Industry and Security said April 24 that it added 18 entities to its Unverified List after it was unable to verify the “legitimacy and reliability” of the parties through end-use checks, including their ability to responsibly receive controlled U.S. exports. It also removed five companies from the list.
The Commerce Department should conduct a “comprehensive evaluation” of the export controls it has imposed on the U.S. semiconductor industry in recent years to determine whether they are achieving their goal of protecting national security, the Semiconductor Industry Association (SIA) said.
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The Bureau of Industry and Security's recent rules that expanded foreign direct product rule restrictions over chip equipment (see 2412020016) and set new foundry due diligence rules (see 2501150040) are already hurting U.S. companies, the U.S.-China Business Council said, including by incentivizing foreign firms to design U.S.-origin goods out of their chip supply chains.
The Semiconductor Industry Association (SIA) called on the Bureau of Industry and Security April 15 to “rethink” its "flawed" interim final rule on artificial intelligence diffusion, saying the computing chip-related export controls are so complicated and far-reaching that they will harm the long-term international competitiveness of the U.S. semiconductor industry.
The Office of the U.S. Trade Representative is planning a phased-in approach to assessing fees on foreign-built vessels calling at U.S. ports, according to an April 17 announcement unveiling the results of its year-long Section 301 investigation.
Regular and broadly inclusive communication within a multinational company is key to having a successful export control program, two compliance experts said April 17 during a webinar hosted by professional services firm BDO.