The Office of Foreign Assets Control this week sanctioned six people and two entities based in Russia, China and the United Arab Emirates for helping to generate revenue or process financial transactions for North Korea.
Exports to China
The U.S. is pushing foreign governments to stop their semiconductor companies from servicing certain advanced chip tools under pre-existing contracts with Chinese customers, Bureau of Industry and Security Undersecretary Alan Estevez said.
Four Republican House members led by Rep. Nathaniel Moran of Texas have asked the Commerce and State departments to describe the measures they are considering to counteract what appears to be increasing collaboration between China and Iran on military drone development and distribution.
U.S. export controls on clean technology goods to China would likely be “ineffective” and could backfire on American businesses trying to develop the next generation of green energy products, a researcher for a major European think tank said in a new report this month. The report argues that solar panels, wind turbines, electric vehicle batteries and other green technologies don’t warrant new controls because they have “no dual-use or human-rights applications,” and restrictions could further strain the already fraught U.S.-China relationship.
China opened a case at the World Trade Organization against the U.S. Inflation Reduction Act's rules for electric vehicle subsidies and "other measures," the nation's Ministry of Commerce announced March 26, according to an unofficial translation.
Zhiwei "Allen" Liao was sentenced to 51 months in prison and ordered to pay $120,370 for his role in an "international conspiracy to traffic in counterfeit Apple products," the U.S. Attorney's Office for the Southern District of California announced March 25. He also was ordered to forfeit two residences and 200 Apple devices.
Lisa Su, CEO of American chip company AMD, met with Chinese Commerce Minister Wang Wentao to discuss semiconductor supply chain issues, China’s Ministry of Commerce said in a news release, according to an unofficial translation. The Chinese minister stressed that “the development of the semiconductor industry requires global cooperation,” adding that Beijing hopes the “United States and China will work together to provide companies with clear security boundaries and stable expectations.” Su during the meeting said China “is one of the focuses of AMD's global strategy,” the release said. “The company will continue to increase investment in China and work with local partners to provide better products and services for the Chinese market.” An AMD spokesperson didn't comment.
A World Trade Organization dispute panel found that certain elements of Australian antidumping and countervailing duty proceedings on wind towers, deep drawn stainless steel sinks and railway wheels from China violate WTO commitments. Issuing its findings March 26, the panel recommended that Australia bring its measures into conformity with the General Agreement on Tariffs and Trade 1994.
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House Speaker Mike Johnson, R-La., has appointed Rep. John Moolenaar, R-Mich., to chair the House Select Committee on China when its current chairman, Rep. Mike Gallagher, R-Wis., leaves Congress next month, Moolenaar and the speaker’s office announced March 25.