Washington Update

May 25th, 2018
By Meg Kelly

CFIUS and export control reform bills move forward

The most recent version of the bill to reform the Committee on Foreign Investment in the US (CFIUS), along with a bill to reform export controls, were added to the Senate’s defense bill, now titled the John S. McCain National Defense Authorization Act for Fiscal Year 2019. The measure would expand the scope of deals covered by CFIUS. The export controls bill, introduced in February by Representative Edward Royce (R...

May 18th, 2018
By Meg Kelly

US-China trade talks continue

As Washington Update goes to press, Chinese negotiators, led by Vice Premier Liu He, continue to meet with their US counterparts in Washington about potential progress on commercial issues in the relationship. USCBC will report on outcomes as information becomes available.

Updates on investment restrictions: CFIUS, export controls, Section 301

Executive and legislative action is expected next week that will affect foreign investment in...

May 11th, 2018
Meg Kelly

Ongoing US-China trade discussions may include visit by Vice Premier to Washington

Following US trade officials’ visit to Beijing last week, the US and Chinese governments are discussing a potential visit by Vice Premier and chief economic advisor Liu He to Washington in the coming weeks. An advance team from China arrived in the US on Thursday, lead by Vice Minister of Commerce Wang Shouwen, to discuss the agenda for the visit. Despite early reports that Liu will visit during the...

May 7th, 2018
Meg Kelly

US, China end trade talks; next steps uncertain

US-China trade discussions this week have wrapped up, with no formal announcements yet but leaked negotiating documents from both sides. The US delegation, led by Treasury Secretary Steven Mnuchin, came with a long list of asks covering the trade deficit, investment restrictions, intellectual property theft, and subsidies among other issues. The White House issued a statement this afternoon saying that the US delegation would brief...