Real estate developer Charles Kushner, President Donald Trump’s nominee to be U.S. ambassador to France, said May 1 that he would encourage the French government to reimpose sanctions on Iran for violating its nuclear-weapons-related obligations.
During a closed-door meeting with U.S. lawmakers May 1, Nvidia Chief Executive Officer Jensen Huang reiterated his opposition to the Bureau of Industry and Security’s recent AI diffusion rule, the company said.
Although the Bureau of Industry and Security's AI diffusion export control rule has sparked broad pushback from some U.S. allies, it appears to take a “strong step” toward improving BIS efforts to prevent chip smuggling to China, said researchers with the Center for a New American Security. If the Trump administration decides to tweak parts of the rule or revoke it altogether, the researchers warned, the U.S. will need to find other ways for BIS to better enforce its chip controls.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
The Trump administration’s plans to reduce export control cooperation with allies, particularly the EU, could lead to more differences between the two jurisdictions' export systems, especially for controls targeted toward China, lawyers said this week.
The Treasury Department is exploring several ways to improve its screening of inbound and outbound investment, Deputy Treasury Secretary Michael Faulkender said April 24.
World Trade Organization Director-General Ngozi Okonjo-Iweala told former U.S. Trade Representative Michael Froman that she had a meeting with USTR Jamieson Greer "yesterday that was a little bit comforting," but that the current 10% U.S. tariff on most countries, plus 25% tariffs on cars, steel and aluminum and some products from Canada and Mexico, and 145% tariffs on Chinese imports, if it lasts, will result in global merchandise trade falling by 0.2%. Before the actions, the WTO forecast a 2.7% growth in goods trade this year.
House Select Committee on China ranking member Rep. Raja Krishnamoorthi, D-Ill., is expected to run to replace Sen. Dick Durbin, D-Ill., who announced April 23 that he will not seek re-election next year. Krishnamoorthi has been active on a wide range of export control issues, such as pushing to curb shipments of advanced computing chips to China (see 2501300067).
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.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.