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The U.S. Chamber of Commerce and the American Chamber of Commerce to the EU (AmCham EU) have released The Transatlantic Economy 2025 , the 22nd edition of their annual report detailing the strength …
The Export-Import Bank of the United States (EXIM) Board of Directors has unanimously approved a second amendment to a direct loan of up to $4.7 billion to support the export of U.S. equipment and services for an integrated liquefied natural gas (LNG) project in Mozambique. Originally authorized in 2019, the transaction had been delayed for four years and now moves forward with no material changes.
The Office of Foreign Assets Control (OFAC) has finalized a rule extending the recordkeeping period under 31 CFR parts 501 and 515 from five to ten years. This change aligns with the amended statute of limitations for civil and criminal violations under the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA), as enacted in Section 3111 of the 21st Century Peace through Strength Act.
Secretary of Commerce Howard Lutnick told trade practitioners to expect a significant increase in fines for export control violations and he called called for expanded cooperation with industry and allied governments to stem the flow of U.S. semiconductor technology to China.
Speaking at the Bureau of Industry and Security (BIS) Update Conference, Lutnick directly accused Chinese artificial intelligence firm DeepSeek of acquiring U.S. chips through improper channels. “People took our chips and redirected them to China for money,” he said. “Sometimes it’s not that much money, and sometimes it’s a lot of money, but they’re seeking to destroy our way of life by assisting those who are against it.”
Following Senate action last week, House Republicans reintroduced the bipartisan Foreign Investment Guardrails to Help Thwart (FIGHT) China Act.
The legislation establishes a "comprehensive outbound investment screening regime that protects the savings and retirement accounts of hardworking Americans. The bill creates targeted restrictions to ensure U.S. investors are not unwittingly financing the CCP’s military and surveillance capabilities."
The Office of the United States Trade Representative (USTR) will hold a public hearing on March 24 and 26, 2025, as part of its Section 301 investigation into the People’s Republic of China’s targeting of the maritime, logistics, and shipbuilding sectors. While the hearing is on the record, external cameras and video recording are prohibited, and proceedings will not be livestreamed.
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