A bipartisan Russian sanctions bill that would also target countries still doing certain business with Moscow may hurt Russia in the short term but also could further damage U.S. trade talks with China, said Nicholas Burns, U.S. ambassador to China during the Biden administration. And while Burns said he’s glad the Trump administration has maintained sanctions against Chinese companies for selling sensitive microelectronics to Russia, he said the U.S. likely will never be able to convince China to stop supporting Russia’s defense industrial base.

The Commerce Department is drafting a replacement for its recently repealed AI diffusion rule to ensure the new controls don’t impede U.S. exports to allies, Commerce Secretary Howard Lutnick said June 4.

Jesse Sucher, a former senior adviser and official with the Committee on Foreign Investment in the U.S. and the Office of Foreign Assets Control, has joined FTI Consulting as a senior director, the firm announced on LinkedIn. Sucher left the Treasury Department in 2023.

President Donald Trump has nominated Citi executive Jonathan Burke to be the Treasury Department’s assistant secretary for terrorist financing, the White House told the Senate June 2.

Joseph Barloon, who was a general counsel at the Office of the U.S. Trade Representative during Donald Trump's first term, told Sen. Maria Cantwell, D-Wash., that he believes in rules-based trade.

The U.S., the U.K. and other allies need to form a tighter technology partnership as opposed to putting in place new restrictions on those technologies, said Peter Mandelson, U.K. ambassador to the U.S.

A law firm said May 23 that the U.S. was failing to provide documents requested under the Freedom of Information Act partly because it was relying on a “novelly broad” interpretation of the Export Control Reform Act of 2018 (Husch Blackwell v. Department of Commerce, D.D.C. # 1:24-02733).

Senate Minority Whip Dick Durbin, D-Ill., urged Senate Majority Leader John Thune, R-S.D., June 2 to “immediately” schedule a vote on a bipartisan Russia sanctions bill.

The U.S. should restrict but not completely cut off sales of “compute power” to China, Sen. Mike Rounds, R-S.D., said May 30.

Although the Trump administration is calling the recently announced deal between Japan-based Nippon Steel and U.S. Steel (see 2505290058) a "partnership," it’s still a traditional acquisition that includes a national security agreement with the Committee on Foreign Investment in the U.S., panelists said this week.