Nvidia reportedly hasn't agreed to the Trump administration's security conditions for sales of its H200 exports to China, delaying license application approvals for sales to China's ByteDance.
The Trump administration is waiting to see how the ongoing Russia-Ukraine peace negotiations unfold before deciding whether to sanction vessels that transport sanctioned Russian oil, Treasury Secretary Scott Bessent told the Senate Banking Committee Feb. 5.
The U.S. can’t rely only on export controls to stay ahead of China technologically, said Rep. Jim Himes, the top Democrat on the House Permanent Select Committee on Intelligence. He also said he believes the administration’s willingness to ease export controls on certain advanced chips doesn’t necessarily mean the U.S. is becoming less hawkish against China.
The Bureau of Industry and Security is officially removing Cambodia from the Export Administration Regulations’ list of countries subject to an arms embargo, about two months after the State Department made a similar change.
Senate Banking Committee ranking member Elizabeth Warren, D-Mass., called on the Trump administration Feb. 1 to cancel plans to sell advanced AI chips to the United Arab Emirates, saying she's worried that President Donald Trump's personal financial ties to the UAE may have overridden national security concerns about the deal.
The Bureau of Industry and Security has effectively shut down its technical advisory committees without telling most members, quietly ending its involvement in most of the joint industry-government groups that it has used for years to solicit expert feedback on export controls, Export Compliance Daily has learned.
The Office of Foreign Assets Control last week removed sanctions on Soltech Industry, a Brunei business organization that it had designated in 2020 for its alleged involvement in the Iranian electronics trade. Soltech pleaded guilty in 2023 to conspiring to violate the Iranian Transactions and Sanctions Regulations, among other crimes, and was ordered to pay a fine of $83,769 and serve a five-year term of corporate probation. DOJ said at the time that Soltech admitted to obtaining U.S. export-controlled goods "for the benefit" of the Iranian government.
The Office of Foreign Assets Control issued a new general license last week to authorize certain oil-related activities and transactions in Venezuela as the Trump administration looks to incentivize American oil companies to reenter the country (see 2601280059).
The EU’s plans to increase defense spending over the next several years could be hampered by burdensome export rules under the International Traffic in Arms Regulations, a senior EU diplomat said this week.
House Select Committee on China Chairman John Moolenaar, R-Mich., urged the Commerce Department to ensure that any H200 AI chips that Nvidia is allowed to sell to China are not used to modernize China’s military.