When imposing trade restrictions on China, the U.S. should do more analysis to better understand how Beijing might retaliate with export controls, a former State Department official said April 14.
The first few weeks of Undersecretary Jeffrey Kessler’s tenure at the Bureau of Industry and Security have been defined by industry uncertainty and skepticism toward career government and business officials, industry members and BIS staff said.
House Select Committee on China Chairman Rep. John Moolenaar, R-Mich., and Rep. Jimmy Panetta, D-Calif., reintroduced a bill April 14 that could lead to additional sanctions on China for supporting Russia’s invasion of Ukraine.
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The U.S. is likely to soon try to place export controls around open-source technologies, including technologies related to semiconductors and artificial intleligence, a geopolitical risk management consultant said.
Landon Heid, President Donald Trump’s nominee to be assistant secretary of commerce for export administration (see 2502120020), said April 10 that he wants the Bureau of Industry and Security to wage a “continuous battle every single day” to prevent China from obtaining restricted U.S. technology.
China raised the tariff rate on U.S.-origin goods, from 34% to 84%, in response to President Donald Trump's April 8 executive order raising reciprocal rates by 50% (see 2504080079), the Office of the Tariff Commission of the State Council announced April 9. The new tariffs will take effect at 12:01 a.m. April 10, the commission said, according to an unofficial translation.
Exporters and other companies could start seeing an uptick in government subpoenas as the Bureau of Industry and Security looks to increase export penalties, industry officials said this week, adding that businesses should make sure they’re scrutinizing transactions and watching for red flags.
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China retaliated against President Donald Trump's reciprocal tariffs with duties of 34% on all U.S. goods, along with new export restrictions on U.S. companies and rare earth metals.