Washington Update

October 19th, 2023
By Zach Tomatz and Greyson Mann
Long story short The United States has issued new rules to update last October’s export controls on advanced semiconductors and semiconductor manufacturing equipment. The new controls expand the original rule’s geographic scope, cover more technologies than before, and add new company-specific restrictions. China was warned about the controls but was not privy to the specifics. There is a chance that China will retaliate.

On October 17, the Commerce Department’s Bureau of Industry and...

October 12th, 2023
By USCBC Government Affairs
Long story short

A bipartisan congressional delegation led by Chuck Schumer visited China over the weekend. The group met with senior Chinese officials, including President Xi Jinping, and discussed bilateral trade, fentanyl, and Taiwan, among other topics. Read more

The Commerce Department recently added several Chinese companies to the Entity List and granted Samsung and SK Hynix validated end user designations, allowing them to continue supplying US chip equipment to their China...

October 5th, 2023
By USCBC Government Affairs
Long story short

A bipartisan delegation led by Senator Chuck Schumer will head to China next week. The group is meeting with government and business leaders and seeking a meeting with President Xi Jinping. Read more

USCBC expects Commerce to soon release its interim final rule to implement export controls on advanced semiconductors. The update could further align US controls with those of Japan and the Netherlands as well as close loopholes. Read more

The Treasury Department...

September 29th, 2023
By USCBC Government Affairs
Long story short

The Commerce Department published final guardrails for support for US semiconductor firms under the CHIPS and Science Act. The final rules reflect many, but not all, of USCBC’s recommendations. Read more

Republican presidential hopefuls railed into China at their second debate on Wednesday evening. The same day, former president and current Republican frontrunner Donald Trump said in a speech that the Biden administration’s electric vehicle subsidy policy hurts the...

September 21st, 2023
By USCBC Government Affairs
Long story short

Secretary of State Antony Blinken and China’s Vice President Han Zheng met on the sidelines of the UN General Assembly. The next day, Biden’s speech to the UN touched on responsible competition and cooperation where possible. Read more

Representative Andy Barr’s proposal to expand sanctions on certain Chinese companies was approved by the Financial Services Committee and now heads to the full House. However, a potential government shutdown in October could halt...

September 15th, 2023
By USCBC Government Affairs
Long story short

President Joe Biden met with Chinese Premier Li Qiang on the sidelines of the G20 over the weekend. Biden then went on to Vietnam, where the two sides announced a partnership that elevates the US-Vietnam relationship to a higher status. Read more

The House Select Committee on the CCP was in New York City this week to talk with finance executives about risks associated with investing in China. Multiple members of the committee are pushing for the administration to go...

September 8th, 2023
By USCBC Government Affairs
Long story short

This week, President Joe Biden heads to New Delhi for the G20 Leaders’ Summit taking place over the weekend. President Xi Jinping will not be attending the summit, removing an opportunity for the two to meet this month. Read more

National Security Advisor Jake Sullivan indicated that the United States will be sticking to its current export controls strategy amid reports that Chinese semiconductor firm SMIC has developed an advanced chip despite US controls. The...

September 1st, 2023
By USCBC Government Affairs
Long story short Raimondo met with Commerce Minister Wang Wentao and other senior officials over the course of three days. The two sides agreed to establish a working group on commercial issues, an information exchange on export controls, and other mechanisms to communicate more regularly. The most recent reporting suggests that President Xi Jinping may be skipping the G20 summit later this month, which would eliminate one upcoming opportunity for a US-China presidential meeting. Xi’s...
August 24th, 2023
By USCBC Government Affairs
Long story short

Commerce Secretary Gina Raimondo will be in China Sunday through Wednesday next week for meetings in Beijing and Shanghai. USCBC will be closely watching for meeting outcomes. Read more

China took a back seat at the first Republican presidential debate Wednesday evening, but it did not go unmentioned. Candidates took swings at the Biden administration’s and each other’s China platforms. Read more

President Joe Biden hosted Japanese Prime Minister Fumio Kishida...

August 18th, 2023
By USCBC Government Affairs
Long story short

On Thursday, the Biden administration announced new anti-dumping tariffs on tin mill steel from three countries, including China. The new tariffs went into place immediately. Read more

While Congress is in recess, the Select Committee on the CCP has sent delegations to the Indo-Pacific. Last week, a delegation led by Gallagher went to Australia, and this week, a smaller group visited the Solomon Islands and Papa New Guinea. Read more

Late last week, Senator...

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