The House Selection Committee on China is slowly taking shape, and Chair Mike Gallagher expects the first panel to take place in March. The committee’s Republican membership was announced this week, but it remains to be seen which Democrats will be chosen. Read more
House Foreign Affairs Committee Chair Michael McCaul has been upping the pressure on Commerce Secretary Gina Raimondo and the Bureau of Industry and Security over their enforcement of US export controls on...
Treasury Secretary Janet Yellen and Vice Premier Liu He met in Zurich on Wednesday on the sidelines of the World Economic Forum. Both sides framed the meeting in positive terms, and Treasury hinted at Yellen visiting China in the near future. Read more
This week, Assistant US Trade Representative Terry McCartin led the US delegation to the first US-Taiwan Initiative on 21st Century Trade negotiations in Taipei. According to the US readout, the group “reached consensus...
On Tuesday, the House overwhelmingly voted to establish the long-anticipated Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party. Republican leadership has vowed to approach the committee’s work in a bipartisan fashion, and USCBC understands prospective committee members are currently lobbying for their spots. Read more
Representative Jason Smith (R-MO) will chair the House Ways and Means Committee. With jurisdiction...
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Secretary of State Antony Blinken and Foreign Minister Qin Gang spoke over the phone on Sunday. This was their first call since Qin was appointed foreign minister after serving as ambassador to the United States for roughly a year and a half. Read more
The United States now requires travelers from China to present a negative COVID-19 test prior to boarding their flight. The new rule applies to all travelers whose itinerary begins in China, regardless of...
A determination by the Public Company Accounting Oversight Board has alleviated the near-term risk of Chinese companies being delisted from US exchanges. For the first time in history, US regulators secured complete access to inspect audit firms in China. Read more
US-China competition over semiconductors was driven this week by action on multiple fronts. National Security Advisor Jake Sullivan confirmed the United States was in talks with Japan and the Netherlands to align on...
Representative Mike Gallagher will lead the planned House Select Committee on China next Congress. The committee, devised by House Republicans but intended to be bipartisan, is expected to open investigations into a myriad of China-related concerns, such as IP theft and COVID-19. Read more
The final NDAA now moves to the Senate after House passage yesterday. Provisions in the bill would restrict the use of certain Chinese semiconductors in US “critical systems” and...
In a recent speech, Commerce Secretary Gina Raimondo urged US businesses to support the Biden administration’s efforts to keep US technology out of China’s reach. She voiced support for trade with China, but emphasized it should only be in areas that do not undermine US national security. Read more
The FCC last week banned future authorizations of some telecommunications equipment from five Chinese companies, including Huawei, ZTE, and Hikvision. The ban represents...
A long-awaited meeting between President Joe Biden and President Xi Jinping on Monday led to the restart of high-level dialogues that had been on pause for months. Climate talks are back on, with more senior-level discussions to come. Read more
Two House committees turned their focus to China this week. House Financial Services looked into the efficacy of the Holding Foreign Companies Accountable Act and continued discussing outbound investment review. While...
President Joe Biden will meet with President Xi Jinping in a much-anticipated meeting on the sidelines of the G20 on Monday. According to Biden, the objective of the meeting is to level set, clarifying both sides’ critical interests and red lines. Read more
House Republicans are poised to carry out their tough-on-China agenda in 2023 now that they have secured control of the House next Congress. There will be no easy wins for more hawkish proposals, however, given...
BIS clarifies scope of semiconductor export controls in new FAQ
Last Friday, the Commerce Department’s Bureau of Industry and Security (BIS) issued FAQs on the scope of its new advanced computing and semiconductor manufacturing equipment export controls. The export controls are designed to limit China’s indigenous production of advanced node semiconductors, semiconductor production equipment, advanced computing items, and supercomputers. The rules effectively cut off China’s access to...
