International Wood Group (IWG) and Honest Trading International accused DB Schenker, a non-vessel operating common carrier and freight forwarder, of mismanaging five of their shipments since last year, causing them to incur “substantial” financial losses and hurting their ability to do business, according to a complaint filed with the Federal Maritime Commission Aug. 5.
Florida-based Worldwide Nexus Logistics has accused ocean carrier Wallenius Wilhelmsen of losing possession of three boats it was supposed to ship from the U.S. to Chile, according to a complaint filed with the Federal Maritime Commission in late July.
Beijing pushed back on the notion that the U.S. is considering secondary tariffs against China for purchasing Russian oil, saying it has a right to buy Russian energy.
The Trump administration is doubling down on efforts to promote exports of AI technologies to close trading partners, especially those in Asia, a senior White House official said last week at a meeting of ministers from the Asia-Pacific Economic Cooperation member states.
Rep. Mike Kelly, R-Pa., whose state hosts the headquarters of U.S. Steel, said Aug. 8 that he remains pleased that Japan-based Nippon Steel completed its acquisition of the American company in June (see 2506160036), saying the deal will provide the domestic steelmaker with much-needed investment.
The Trump administration's executive order last month to unwind the years-old purchase of audiovisual technology equipment supplier Jupiter Systems by China-based Suirui Group (see 2507100058) is the latest sign that the Committee on Foreign Investment in the U.S. is digging far back to find transactions that could hurt U.S. national security, ArentFox said Aug. 7 in a client alert.
The U.S. should persuade other countries to limit Chinese investments in critical mineral industries, similar to restrictions overseen by the Committee on Foreign Investment in the U.S., the Commerce Department’s Environmental Technologies Trade Advisory Committee said in a recent letter to Secretary Howard Lutnick.
U.S. companies shouldn’t rush to start business with Syria despite the Trump administration lifting some sanctions, said Daniel Schneiderman, a former Pentagon official who oversaw Afghanistan policy.
U.S. export controls have so far helped American chip companies maintain technological dominance over Chinese ones, a technology policy expert said this week, which suggests the Trump administration should rethink its decision to allow sales of H20 chips to China (see 2507150013).
China this week extended its safeguard investigation on imported beef "in view of the complexity of this case," the country's Ministry of Commerce said, according to an unofficial translation. The ministry opened the probe in December (see 2412300027) and had hoped to complete it by August, but it's now extending the investigation through Nov. 26.