Senate Foreign Relations Committee Chairman Sen. Ben Cardin, D-Md., said June 13 that he has made substantial progress in putting together a major China bill since he disclosed several months ago that he was developing such legislation.
Exports to China
House Foreign Affairs Committee member Rep. Greg Stanton, D-Ariz., during a hearing on competition with China in the Western Hemisphere, argued that the shortages experienced during the COVID-19 pandemic show that businesses should move supply chains to the Western Hemisphere.
Rep. Dan Newhouse, R-Wash., a member of the House Select Committee on China, has introduced a bill that would prevent Chinese Communist Party agents or businesses from buying real estate next to U.S. federal land, the panel announced June 12. Committee Chairman John Moolenaar, R-Mich., is among the co-sponsors of the No American Land for Communist China Act, which is intended to protect sensitive national security sites from spying. The bill was referred to the House Foreign Affairs Committee.
Rep. Bill Huizenga, R-Mich., introduced a bill June 11 that would require the Defense and State departments to monitor China’s efforts to build or buy “strategic foreign ports.” The bill was referred to the House Armed Services, Financial Services and Foreign Affairs committees. Additional information was not immediately available.
The Biden administration announced June 12 that it is taking additional measures to degrade Moscow's war machine, including sanctioning more than 300 entities and people in Russia and other countries and implementing several new export restrictions, including adding five entities and eight addresses to the Entity List.
Chinese citizen Zhenyu "Bill" Wang and Texas resident Daniel Ray Lane were sentenced to 45 months in prison for trying to violate U.S. sanctions and commit money laundering as part of a scheme to "transact in sanctioned petroleum and launder the proceeds," DOJ announced.
The European Commission on June 12 provisionally set countervailing duties on Chinese electric vehicles, though there could still be changes before the provisional rates are posted, no later than July 4. The day after the publication, importers would need a guarantee to cover the amount of duties, but the duties themselves would not be collected until the definitive duties are set, which could be as much as four months later. If a majority of countries in the EU vote against the duties, they wouldn't be levied.
The Biden administration this week will announce a new set of export controls and sanctions aimed at impeding Russia’s ability to continue fighting Ukraine, National Security Council spokesperson John Kirby said June 11.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
Ahead of a possible EU decision this week on tariffs for Chinese electric vehicle imports (see 2310040012 and 2403150047), Beijing warned Europe about imposing increased duties, saying it won’t “sit idly by.” China “urges the EU to end the investigation as soon as possible to avoid undermining China-EU economic and trade cooperation and the stability of industrial and supply chains,” a Foreign Ministry spokesperson told reporters June 11. If it doesn’t, “we will take all necessary measures to firmly safeguard our lawful rights and interests.”