The EU is growing increasingly concerned about Beijing's use of export controls and trade remedies as retaliatory tools against other nations, a senior European Commission official said this week.
Vietnam is reportedly reducing tariffs on imported American liquefied natural gas, ethanol, automobiles and other goods as part of a bid to reduce its trade surplus with the U.S. and avoid facing increased duties imposed by the Trump administration (see 2502130030).
Commerce Secretary Howard Lutnick has terminated the agency’s Advisory Committee on Supply Chain Competitiveness along with 13 other advisory committees, the Commerce Department said on its website. Lutnick “determined that the purposes for which fourteen of the discretionary advisory committees were established have been fulfilled, and the committees have been terminated” effective Feb. 28.
Exporters who send their goods in ocean freight testified to an interagency panel that the Office of the U.S. Trade Representative's proposal to require a segment of exports to travel on U.S.-flagged, and eventually, U.S.-built ships (see 2502240058) will harm their business, or even make transport so expensive that they will be priced out of sales altogether.
Reps. Joe Wilson, R-S.C., and Jimmy Panetta, D-Calif., introduced a bill March 24 that would sanction Pakistan Army Chief of Staff Gen. Asim Munir under the Global Magnitsky Human Rights Accountability Act for allegedly undermining democracy, such as by imprisoning political opponents. The Pakistan Democracy Act was referred to the House Foreign Affairs and Judiciary committees.
A bipartisan group of six House members led by Rep. Brad Sherman, D-Calif., reintroduced a bill on March 25 that would sanction the Gaza-based Popular Resistance Committees, which participated in the Oct. 7, 2023, attack on Israel.
The Bureau of Industry and Security corrected a date error in the savings clause of a final rule this week that added 12 entities to its Entity List (see 2503250075). The savings clause says that all exports that now require a license as a result of the rule but were aboard a carrier to a port as of March 25 may proceed to their destinations under the previous eligibility as long as they are exported by April 24. Any items not exported before midnight April 24 will require a license.
The Bureau of Industry and Security is poised to receive $171 million in funding in FY 2025, down 10.5% from FY 2024, as part of the Trump administration’s “illegal” cuts to national security programs, Senate Appropriations Committee ranking member Patty Murray, D-Wash., said March 25.
American allies, including the EU, should introduce their own versions of the U.S. foreign direct product rule and the October 2022 U.S. persons controls that restricted additional sensitive semiconductor exports (see 2212210059), the Center for Strategic and International Studies said in a new report.
Canada requested dispute consultations at the World Trade Organization with China regarding Chinese duties on Canadian agricultural and fishery products, the WTO announced on March 24. Canada alleged that the measures violate the WTO's Understanding on the Rules and Procedures Governing the Settlement of Disputes and the General Agreement on Tariffs and Trade 1994.