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’s State Council this week released a white paper on economic and trade relations with the U.S., criticizing the U.S. government’s imposition of tariffs and export controls and saying that the two sides should strive toward “mutually beneficial cooperation.” The white paper seeks to “clarify the facts about China-US economic and trade relations and illustrate China's policy stance on relevant issues,” it says, according to an unofficial translation.
The House Foreign Affairs Committee approved several sanctions and export control bills April 9, including one that would increase sanctions on Iran's energy sector to deprive Tehran of revenue it uses to fund terrorism.
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.
Taiwan Semiconductor Manufacturing Company may face a fine of up to $1 billion or more if the Commerce Department determines it violated U.S. export control laws against Huawei, Reuters reported April 8. The Bureau of Industry and Security has reportedly been investigating the chip company after one of its chips was found in a Huawei product (see 2411120011 and 2410230019), and Reuters said Commerce could reach a $1 billion penalty because export control regulations allow the agency to issue a fine of up to twice the value of transactions that violate the rules. Reuters said it "could not determine how the Trump administration will proceed with TSMC or when the matter would be resolved."
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The U.S. executive branch has “really good authorities” to restrict exports of advanced computing chips but should improve how it wields them to prevent China from exploiting loopholes, a technology policy researcher told a congressional panel April 8.
Rep. Mike Lawler, R-N.Y., reintroduced a bill April 7 that aims to close a loophole that has allowed China to use cloud service providers to access advanced U.S. computing chips remotely.
Switzerland last week announced plans to align certain of its dual-use export restrictions with trading partners as part of the country’s “response to the blockade of multilateral export controls,” a reference to Russia’s vetoing of export control proposals at the multilateral Wassenaar Arrangement (see 2405300063). The changes, effective May 1, will update Swiss controls for emerging technologies related to quantum computing, advanced semiconductor manufacturing, artificial intelligence and additive manufacturing.
A recent rise in tariffs, export controls and other trade actions will lead to rising prices in semiconductor supply chains, said Sree Ramaswamy, former senior adviser to former Commerce Secretary Gina Raimondo.