The U.S. and China reached an agreement for Beijing to rein in export curbs on critical minerals, and for the U.S. to "provide to China what was agreed to," President Donald Trump said June 11, offering few details about the substance of the deal.
The Bureau of Industry and Security’s lack of an official replacement regulation for the Biden-era AI diffusion rule is causing significant uncertainty for companies working in the semiconductor sector, industry officials said this week. Although BIS has said it doesn’t plan to enforce the rule, at least one consultant said she’s not yet comfortable advising clients to ignore those restrictions.
The Bureau of Industry and Security is still discussing how it wants to craft its replacement to the Biden-era AI diffusion rule, an agency official said, as well as preparing to finalize recent rules that reduced licensing requirements for exports of certain space-related items and proposed to simplify the License Exception Strategic Trade Authorization. The official also said the Trump administration is considering tweaks to export licensing, acknowledging that applications are taking longer than usual.
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Export controls aren't "perfect," but the U.S. needs to continue using them to stay ahead of China in advanced technology sectors, Sen. Todd Young, R-Ind., said last week.
The U.S. is willing to lift export controls over certain semiconductors in exchange for China approving exports of rare earths and other critical minerals, a senior Trump administration official said June 9.
The Bureau of Industry and Security's recently issued advanced chip guidance appears to raise compliance expectations for industry, especially for banks and forwarders that may be indirectly or inadvertently violating export controls on China, lawyers said.
The EU is aiming to build on its export controls, investment screening measures and other economic security tools over advanced technologies, Trade Commissioner Maros Sefcovic said this week.
The U.S. has "seriously" violated the consensus reached by Washington and Beijing during trade talks in Switzerland last month when it placed new export restrictions on chip design software (see 2505290038 and 2505300006) and warned companies against using advanced chips made by Huawei (see 2505130018), China's Ministry of Commerce said this week.
The Commerce Department is drafting a replacement for its recently repealed AI diffusion rule to ensure the new controls don’t impede U.S. exports to allies, Commerce Secretary Howard Lutnick said June 4.