AJ Cortese
Senior Manager, Business Advisory Services
Washington, DC
Senior Manager, Business Advisory Services
Washington, DC
AJ Cortese is a senior manager of business advisory services at the US-China Business Council, where he focuses on technology member companies.
Prior to USCBC, AJ led technology research at MacroPolo, the Paulson Institute’s think tank, concentrating on US-China competition in strategic and emerging technologies. His analysis focused on China’s strategic priorities for innovation in deep tech and developing self-reliance by examining industrial policy, evolving supply chains, and human capital. He is also a fellow at the Penn Project on the Future of US-China Relations.
Previously, AJ worked in Beijing as an analyst for 36Kr Global and ICR Inc., researching technology companies and investment trends in China. He holds a BA in economics from Fordham University and is pursuing an MBA from the University of Chicago. He is proficient in Mandarin.
The United States and China have pulled back from a full-blown export control crisis after a presidential summit on the sidelines of the Asia-Pacific Economic Cooperation summit last month. According to both sides’ readouts, they agreed to a one-year, reciprocal truce: the United States will suspend its “50% Rule,” which extended export restrictions to over 20,000 Chinese entities, and in exchange, China will suspend the rare earth element (REE) export control measures announced by the Ministry of Commerce (MOFCOM) on October 9.
Although BIS frames the measure as an administrative plug to a loophole in semiconductor export controls, in practice, the rule is a broad decoupling action. As a result of the rule, the number of firms facing Entity List restrictions will climb from around 1,200 to an estimated 11,000, sending a chill through the commercial relationship.
The US AI Action Plan is a strategic shift from the previous administration’s more restrictive AI Diffusion Rule to promoting the global export and adoption of American AI technology. The plan envisages a future in which the United States leads in developing and deploying AI globally, while restricting access for geopolitical competitors such as China.
Since China’s creation of a rare earth elements (REEs) export control system on April 4, foreign companies have encountered delays in sourcing REEs and magnets from Chinese suppliers. USCBC conducted a flash survey in mid-July to gauge member companies’ experiences navigating the system.
The United States and China have signed a yet-to-be-released framework capturing agreements made between chief negotiators in London last month. Trump on June 11 posted on Truth Social that the China trade deal was complete and that full magnets, and any necessary rare earths, will be supplied up front by China.