The House Foreign Affairs Committee on May 16 approved several bills that could impose sanctions on China, Russia and the Houthis and tighten export controls on China.
Exports to China
The World Trade Organization's published agenda for the Dispute Settlement Body's May 24 meeting includes U.S. status reports on the implementation of DSB recommendations on: antidumping measures on certain hot-rolled steel products from Japan; antidumping and countervailing measures on large residential washers from South Korea; certain methodologies and their application to antidumping proceedings involving China; and Section 110(5) of the U.S. Copyright Act. Status reports also are expected from Indonesia on measures related to the import of horticultural products, animals and animal products; from the EU on measures affecting the approval and marketing of biotech products; and from China on AD measures on stainless steel products from Japan.
The price cap on Russian oil has so far failed to stop Moscow from earning revenue for its war against Ukraine, witnesses told the U.K. Parliament this week. While one witness said the U.K. should consider placing new restrictions on certain energy purchases from companies that are still buying Russian oil, another said that may be too complicated for businesses to comply with.
The U.K. on May 15 issued an open general export license related to exports of military goods for exhibition. The license includes a list of goods that can be exported to "a destination in any country," except for 91 countries, "providing they are being exported for the purpose of exhibition, and are to be returned to the United Kingdom." The license covers cluster munitions, explosive submunitions, anti-personnel landmines and explosive bomblets, among other products. Countries where the goods may not be shipped include China, Iran, North Korea and others listed on page nine of the license.
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The Bureau of Industry and Security should add several Chinese firms to its Entity List for helping China’s military and human rights violations, House Select Committee on China Chairman John Moolenaar, R-Mich., said May 13.
China and Switzerland held talks May 10 on upgrading the free trade agreement between the two countries, China's Ministry of Commerce said, according to an unofficial translation. Following the talks in Beijing, the parties agreed to "jointly implement the consensus reached by the leaders of the two countries" and boost the start of talks to upgrade the FTA, the ministry said.
Four House Republicans said last week they’re concerned the Biden administration is considering giving small and medium-sized businesses in Cuba access to the U.S. banking system even though such entities are generally controlled by Cuba's communist government.
Some technology companies and industry groups were supportive of an ongoing effort by the Bureau of Industry’s Security to stop advanced artificial intelligence models from being used by dangerous end-users, but many also said the agency’s proposed know-your-customer regulations for U.S. cloud service providers should be tweaked or rewritten. Others said the new KYC rules could place too heavy a burden on cloud service providers and could undermine trust in American providers.
Citing national security concerns, President Joe Biden issued an order May 13 prohibiting China’s MineOne from continuing to operate a cryptocurrency mine near Francis E. Warren Air Force Base in Cheyenne, Wyoming.