Simon Lester
Commerce Department Finds Neodymium Magnet Imports Threaten National Security, But Won't Impose Tariffs
Last week, the Biden administration announced that a U.S. Commerce Department investigation "found that [Neodymium-iron-boron] magnet imports threaten national security," and that President Biden agreed with that determination. The Biden administration said it would take a number of actions to address the threat, but tariffs
Florida Governor Takes Actions against Chinese Cyber, Investment Threats
Florida Governor Ron DeSantis has announced several actions related to the activities of Chinese companies in Florida, including on data practices and land purchases.
CTM Weekly Newsletter
This past week, CTM covered the following issues.
In China:
* International meetings with the GCC and South Korea
* Launch of an expiry review of a countervailing duty and a report to the WTO on existing countervailing duties
* Officials expressed concern about U.S. legislation that discriminates against Chinese products
* The
China Raises WTO Concerns Related to U.S. Electric Vehicle Tax Credit
A spokesperson for China's Ministry of Commerce has raised concerns about the discrimination against foreign products that is part of the electric vehicle tax credits in the U.S. Inflation Reduction Act (IRA).
U.S. Banks Pressed on Chinese Business at Congressional Hearing
At a Congressional hearing earlier this week, a Republican Congressman pressed several banking executives about their willingness to do business with China.
FCC Expands Covered List to Include China Unicom and PacNet/ComNet
The U.S. Federal Communications Commission (FCC) has expanded its list of communications equipment and services that pose a threat to national security to include equipment and services from two additional Chinese companies.
U.S. Senators Urge Review of YMTC National Security Risk
A bipartisan letter from four U.S. Senators calls on the U.S. Director of National Intelligence to do "a public analysis and review of [Yangtze Memory Technologies Co.] YMTC and the risks it presents to U.S. national security."