Senate Democrats, led by Senate Leader Chuck Schumer (D-NY), announced on Wednesday their plans to draft a comprehensive bipartisan legislative package aimed at helping the United States better compete with China. The package is expected to build upon the CHIPS and Science Act's domestic manufacturing investment and integrate various China competitiveness provisions from the Senate-passed CHIPS legislation.
The Commerce Department reported that the US trade deficit shrank to $64.2 billion in March, down $6.4 billion from $70.6 billion in February. March's figures saw exports climb to $256.2 billion, a …
In a recent World Trade Organization (WTO) meeting, China accused the United States of using climate concerns as a cover for protectionism through the CHIPS Act and the Inflation Reduction Act. China …
Health Canada (HC) has opened a public consultation period on the federal department's intent to amend the Food and Drug Regulations to restrict advertising to children of foods with high content of …
Sen. Elizabeth Warren (D-Mass) continues her crusade to highlight the ability of major technology corporations to unduly influence ongoing negotiations on digital trade under the Indo-Pacific Economic Framework. May 2 the senator released an investigative report prepared by her staff charging that “BigTech” is using “revolving door hires to gain backdoor access to key US Trade Representative and Commerce Department officials to prevent new regulations that could curb monopolies.
A group of lawmakers has written to U.S. Secretary of State Antony Blinken and Ambassador Katherine Tai, expressing concerns over the Investor-State Dispute Settlement (ISDS) system present in the United States' trade and investment agreements with foreign nations. The letter, signed by several senators and members of Congress, highlights the potential exploitation of this dispute settlement regime by large corporations, which they argue undermines democracy and favors corporate interests over those of workers, consumers, and small businesses worldwide.
Tao Jiang, the president and owner of Broad Tech System, Inc., a California-based electronics distribution company, and his company were both sentenced for their involvement in a scheme to illegally export chipmaking chemicals to a Chinese company with ties to the Chinese military. Jiang and Broad Tech System pleaded guilty to charges of conspiracy, violation of the Export Control Act, and money laundering conspiracy on January 11, 2023.
The Blue Lantern program, managed by the Country and End-Use Analysis Division (CEA) of the Department of State, is designed to ensure the security and integrity of U.S. defense trade. The …
Poloniex, LLC has agreed to pay $7,591,630 to settle its potential civil liability for 65,942 apparent violations of multiple sanctions programs, according to the Department of Treasury's Office of Foreign Assets Control (OFAC).
The Census Bureau is proposing to amend its regulations to include new export reporting requirements related to the State Department, Directorate of Defense Trade Controls (DDTC) Category XXI …
Senior officials from the U.S. Treasury and Commerce Departments have traveled to Central Europe and Kazakhstan to discuss the evasion of sanctions and export controls imposed on Russia for its war against Ukraine.
Demonstrating that the more prosaic reaches of export enforcement are alive and well, presecutors obtained a guilty plea in a federal court in Alexandria to turtle trafficking in violation of the Lacey Act.
Sushan Demirjian is the new Assistant US Trade Representative for Small Business, Market Access and Industrial Competitiveness, USTR announced yesterday. She has served at USTR since 2007, most …
The Financial Crimes Enforcement Network (FinCEN) has issued its FinCEN Year in Review for FY 2022. The Year in Review is intended to help stakeholders gain insight into both FinCEN’s efforts to support law enforcement and national security agencies, and how financial information—filed pursuant to the Bank Secrecy Act (BSA)—is used.
The U.S.-Mexico-Canada Agreement’s Interagency Labor Committee for Monitoring and Enforcement announced a report detailing actions taken to address workers' rights allegations at the Unique Fabricating facility in Querétaro, Mexico.
White House National Security Adviser Jake Sullivan defended new US incentives to encourage domestic manufacturing of semiconductors and clean energy technologies, saying they are needed to counter China. He downplayed criticism of the policies from US trade partners who are calling them discriminatory industrial subsidies, saying that the policy will create stronger manufacturing partnerships and supply chains with allies.
Chinese cloud computing companies could pose a threat to US national security, Commerce Secretary Gina Raimondo told a Senate panel Wednesday. She promised to review a request made by a group of Republican senators to add companies like Huawei Cloud and Alibaba Cloud to Commerce’s Entity List, which would subject the firms to US export controls.
The chair-select for the World Trade Organization's (WTO) TRIPS Council, Ambassador Pimchanok Pitfield of Thailand, suggested linking issues in the TRIPS agreement with other areas, such as agriculture, food insecurity, trade, climate change, and WTO reforms, ahead of the 13th ministerial meeting in Abu Dhabi next year, our correspondent reports.
Countries seeking the continuation of the World Trade Organization's (WTO) existing moratorium on imposing customs duties on electronic transmissions have not provided sufficient evidence of its benefits for global trade and price reduction, according to sources familiar with ongoing discussions.
The United States has proposed significant reforms to the World Trade Organization's (WTO) dispute settlement system, potentially causing uncertainty and allowing political pressure to affect decisions, according to confidential documents obtained by our Geneva correspondent. Critics argue that these proposals may harm smaller WTO members.
