Washington Update

June 29th, 2018
By Meg Kelly

White House chooses CFIUS over executive action on investment restrictions

As reported previously to USCBC members, President Trump announced Wednesday that he had decided against using much-anticipated new measures to restrict Chinese access to US technology and instead to use existing tools. Trump said that changes to US foreign investment rules expected to soon pass Congress in the form of the Foreign Investment Risk Review Modernization Act (FIRRMA), will “modernize our tools for...

June 1st, 2018
Meg Kelly
 

Ross eyes energy and agriculture deals on China trip

Commerce Secretary Wilbur Ross is scheduled to be in Beijing June 2-4 to continue discussions between the US and China over trade issues, following recent meetings in DC and earlier in Beijing. News reports indicate his agenda will focus on finalizing deals in the energy and agricultural sector, which were noted as outcomes of Chinese Vice Premier Liu He’s visit earlier this month.

Ross...