This week, the United States and China continued to take action on commitments made during the leaders’ meeting in October.
China’s new Export Control Regulations on Dual-Use Items, released in October, grant the Chinese government the authority to require a license to export certain covered products, technologies, and services that are found in, or can be used to produce, certain chemical, biological, missile, and nuclear items.
Upon beginning his second term, President-elect Donald Trump is expected to make good on his campaign promise to drastically raise US tariffs, especially those on Chinese imports, upending years of US trade policy and potentially leading to a renewed trade war.
USCBC remains committed to our members and our mission and will navigate this latest political season of change with a steady hand, as we have done before. We will continue our work as an advocate for you and a constructive resource to policymakers to advance the many benefits of a strong and stable US-China commercial relationship, not only for America but also the world.
The Department of the Treasury on Monday released a final rule implementing President Joe Biden’s August 2023 executive order on “Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern.”
The Department of Justice on Monday released the second iteration of a proposed rule to implement an executive order aimed at preventing certain entities from accessing US persons’ data. First introduced in February, the rule would limit the transfer of sensitive US personal data to countries of concern, including China.
On September 26, the US Department of Commerce’s Bureau of Industry and Security (BIS) issued a proposed rule on securing the information and communications technology and services (ICTS) supply chain for connected vehicles (CVs). The proposed rule would prohibit several types of ICTS transactions, most notably the import of Chinese CVs and certain hardware absent an authorization from BIS.
Data released by the National Bureau of Statistics on October 18 reveals that China’s GDP grew by 4.6 percent in the third quarter of the year, the slowest pace since early 2023.
On September 30, China’s State Council released its finalized Network Data Security Management Regulations, set to take effect on January 1, 2025. The regulations are now the highest-level administrative guidance for implementing the Cybersecurity Law, the Data Security Law, and the Personal Information Protection Law.
Today, USCBC submitted comments to the Bureau of Industry Security (BIS) at the Department of Commerce regarding proposed rules on military, military support, intelligence, and foreign security end users. USCBC is supportive of efforts to protect national security, but the Council is concerned that these rules will harm trade in many non-sensitive sectors and potentially result in commercial decoupling with China.
US Secretary of Commerce Gina Raimondo on Tuesday held a call with her Chinese counterpart, Minister of Commerce Wang Wentao, where she reiterated the United States’ “small yard, high fence policy” when it comes to regulating Chinese technology.
