The incoming Trump administration should launch a “comprehensive review of supply chain and technology control policies,” including export controls and outbound investment restrictions, to determine whether they’re being used effectively, the Information Technology Industry Council said in a December report. It specifically called on the new administration to examine existing export controls on advanced semiconductors and equipment along with “technology transaction reviews on AI and quantum” to make sure they’re “bolstering national security.”
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Ocean carriers must begin filing annual export strategies and policies with the Federal Maritime Commission starting March 1 as part of a broader effort by the FMC to better regulate carriers that unfairly refuse vessel or cargo space to exporters.
The Automated Export System on Jan. 1 will begin rejecting filings of shipments controlled under U.S. Munitions List Category XXI if they don’t include a valid State Department commodity jurisdiction determination number, the Census Bureau said this week. Census is also putting in place new AES codes to address a “workaround” used by some exporters to ship Foreign Military Sales (FMS) items that aren’t described on the USML.
A New York-based aviation parts supplier will pay $22,172 to the Office of Foreign Assets Control to settle Russia-related sanctions violations it allegedly committed in early 2024. The company, SkyGeek Logistics, made shipments and attempted refunds to two United Arab Emirates companies that had been sanctioned for supplying equipment and technology to Russia, OFAC said.
China renewed its antidumping duties on n-butanol imports from the U.S., Taiwan and Malaysia for another five years after finding they are necessary to prevent damage to its domestic n-butanol industry, the country’s Ministry of Commerce said, according to an unofficial translation of a Dec. 27 notice. The duties, effective Dec. 29, include import duties ranging from 52.2% to 139.3% for American companies; 6% to 56.1% for Taiwanese companies; and 12.7% to 26.7% for Malaysian companies. N-butanol is an organic chemical used to make paints, adhesives, plasticizers and other products, according to China Daily, a state-run news outlet.
China launched a safeguard investigation on imported beef after receiving reports that recent increases in beef import volumes may be threatening the country’s domestic industry, according to an unofficial translation of a Ministry of Commerce notice.
The State Department on Dec. 30 announced another round of what it called "significant" new military assistance for Ukraine, providing counter-unmanned aerial systems equipment and munitions, air defense munitions, various ammunition, missiles and other "urgently needed weapons and equipment" to Ukraine for its war against Russia. The $1.25 billion weapons package will be provided under previous drawdowns from Department of Defense stocks. "The United States and more than 50 nations stand united to ensure Ukraine has the capabilities it needs to defend itself against Russia’s aggression," the State Department said.
Companies subject to the Treasury Department’s paused beneficial ownership information (BOI) reporting requirements are in a “state of bewilderment” after the Corporate Transparency Act rules were temporarily reinstated earlier this month only for them to be quickly placed back under a nationwide injunction last week (see 2412270046), Holland & Knight said in a Dec. 27 client alert. For now, the law firm said there “appears to be a set path forward and a reprieve from imminent compliance obligations” under the rules, which would have required most companies to submit BOI reports to the Financial Crimes Enforcement Network in January as part of a government initiative to prevent sanctioned parties and others from hiding assets in the U.S.
The Bureau of Industry and Security this week published the third quarterly update of its boycott requester list, a list of entities that have asked other companies to boycott goods from certain countries in violation of the Export Administration Regulations.