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In a letter to OMB, Chairman Grassley and seven others say the rule should be designated “economically significant” to ensure “robust analysis of its effects.”
Chinese authorities on Saturday issued regulations setting up a mechanism to review foreign investments for national security implications that would allow authorities to reject or limit practically any foreign investments in China.
The House is set to vote on whether to override the veto on Dec. 28.
The omnibus spending and coronavirus relief package Congress passed this week includes requirements for a variety of agencies to issue reports assessing whether China exploited the pandemic to advance its economic and political goals and if partner countries have sufficient export control regimes.
The Commerce Department’s Bureau of Industry and Security has created a “Military End User List” to inform U.S. exporters when they need to apply for licenses to sell to foreign companies in China, Russia and Venezuela, Commerce announced on Monday.
The Biden administration would welcome “early consultations” with the European Union on ways to address mutual concerns about Beijing’s economic practices, Jake Sullivan, President-elect Joe Biden’s pick for national security adviser, said on Monday.
Despite its ongoing criticism of Chinese trade practices, the Trump administration has been largely mum on the dispute.
The Florida senator wants to know how many export licenses have been granted for chips destined for Huawei and why.
The Export-Import Bank’s board of directors on Thursday voted to lower the content threshold for the financing of a specific set of high-tech sectors in an effort to increase U.S. industrial competitiveness against China.
The Commerce Department on Friday announced it would add the Chinese state-owned Semiconductor Manufacturing International Corporation to its Entity List in an effort to prevent it from developing the technology needed to produce the most advanced semiconductors.
Communist Party officials in China’s Ministry of Commerce on Thursday made the case that China must take a leading role in reforming global governance and ensure its values are reflected at institutions like the World Trade Organization and in new e-commerce rules.
"The reason that we engage Taiwan is because we are pro-Taiwan, not because we are anti-China.”
President-elect Joe Biden is expected to normalize U.S. international dealings after a chaotic four years under President Trump, who roiled allies and adversaries alike and often conducted diplomacy by tweet, but the strategic competition evolving between the U.S. and China will keep them from returning to previous norms, a host of stakeholders and analysts said this week.
“Congress largely remained on the sidelines as trade disruptions caused havoc throughout the U.S. agricultural economy.”
Exclusion extensions would “help with pandemic response” and “save jobs, businesses, and livelihoods,” they wrote.
As the Trump administration, in its waning days, continues to inflame tensions between the U.S. and China, officials in Beijing continue to say they hope to de-escalate and reset the relationship with Washington once President-elect Biden takes office.
The U.S. should “embrace” Europe’s recent overture to improve trade relations with the U.S. and forge a new arrangement to counter China’s “intensifying” ambitions, House Ways & Means Committee Chairman Richard Neal (D-MA) said this week.