The Bureau of Industry and Security's recent rules that expanded foreign direct product rule restrictions over chip equipment (see 2412020016) and set new foundry due diligence rules (see 2501150040) are already hurting U.S. companies, the U.S.-China Business Council said, including by incentivizing foreign firms to design U.S.-origin goods out of their chip supply chains.
Several trade groups representing shippers, the maritime industry and U.S. ports criticized the Office of the U.S. Trade Representative's Section 301 determination last week calling for a phased-in approach to levy fees on foreign-built vessels and car-carrying vessels docking at U.S. ports as part of a broader push to build and bolster an American shipbuilding industry (see 2504180018).
China plans to sanction U.S. lawmakers, “officials” and heads of non-governmental organizations in response to the State Department’s sanctioning of six Hong Kong government and police officials, China Foreign Ministry spokesperson Guo Jiakun said April 21 at a regular press conference, according to a translation the ministry provided in English.
President Donald Trump criticized business officials who have said his tariffs actions are damaging, bragged about countries and executives asking for breaks, and made a list of non-tariff cheating he wants countries to end, all on social media over the weekend.
A purported draft executive order to reorganize the State Department that served as the basis for a New York Times article is a "fake document,” an agency spokesperson said in an email April 21.
Vice President JD Vance issued a statement that said he and Indian Prime Minister Narendra Modi "welcomed significant progress in the negotiations for a U.S.-India Bilateral Trade Agreement (BTA) and formally announced the finalization of the Terms of Reference for the negotiations, laying down a roadmap for further discussions about our shared economic priorities."
Chinese electric vehicle battery producer Contemporary Amperex Technology Co. Ltd. (CATL) is trying to get itself taken off the Defense Department's Section 1260H list of Chinese military companies, since it believes its listing was a mistake, a company spokesperson said late April 18.
New export license requirements that the Trump administration recently imposed on chipmakers Nvidia and Advanced Micro Devices (AMD) may not be the last of such actions, Miller & Chevalier said in an alert April 21.
The Semiconductor Industry Association (SIA) called on the Bureau of Industry and Security April 15 to “rethink” its "flawed" interim final rule on artificial intelligence diffusion, saying the computing chip-related export controls are so complicated and far-reaching that they will harm the long-term international competitiveness of the U.S. semiconductor industry.
Craig Allen, senior counselor at the Cohen Group, has joined the Asia Society Policy Institute’s Center for China Analysis as a non-resident senior fellow, the center announced April 16. Allen, a former Commerce Department official, recently retired as president of the U.S.-China Business Council (see 2409100027). In December, Allen urged the U.S. and China to pause their escalating trade restrictions against one another and discuss how to manage national security risks around technology (see 2412120052).