Tuesday, April 28th 2020
U.S. Further Tightens Tech Export Regulations for China
The United States Government on Monday announced a new set of rules for U.S. companies exporting technology to Chinese firms directly or indirectly associated with the Chinese military, according to a Reuters report. The vagueness of what constitutes a Chinese entity that could supply derived technology over to the military could create confusion and uncertainty.
The new trade regime would see U.S. companies requiring to obtain a license to export technology to China. The U.S. also did away with exceptions to older rules that allowed U.S. firms to export to civilian Chinese companies without a license. "It is important to consider the ramifications of doing business with countries that have histories of diverting goods purchased from U.S. companies for military applications," Commerce Secretary Wilbur Ross said in a statement. The new rules will also require U.S. companies to file declarations of goods exported to China, Russia, and Venezuela, regardless of value.
Source:
Reuters
The new trade regime would see U.S. companies requiring to obtain a license to export technology to China. The U.S. also did away with exceptions to older rules that allowed U.S. firms to export to civilian Chinese companies without a license. "It is important to consider the ramifications of doing business with countries that have histories of diverting goods purchased from U.S. companies for military applications," Commerce Secretary Wilbur Ross said in a statement. The new rules will also require U.S. companies to file declarations of goods exported to China, Russia, and Venezuela, regardless of value.
19 Comments on U.S. Further Tightens Tech Export Regulations for China
The effects of this policy can not be felt yet, that will happen long after Trump is gone. The battle between China and the US is about leadership and right now, China has won virtually every battle in that sense, even despite us knowing they seriously screwed up with this virus. For many countries they are blessing and curse. Remarkably similar to US leadership ;) Huawei bans and not having a 5G alternative in house yourself, plus trade tariffs are just signs of a bad loser, not of a winner or leader.
Sad... but true.
As far as America competing on a global market in manufacturing, I'm convinced those days are over (our people won't work for a third world wage and thus can't compete). But maybe someone better than China can take over, I certainly would not mind.
Automation is our only escape, I guess.
tl;dr: Doesn't matter what they think, they don't have a say in it.