BIS

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 and quotas are not

Yesterday, the U.S. Commerce Department's Bureau of Industry and Security ("BIS"), through its Office of Export Enforcement ("OEE"), suspended the export privileges of a Belgian company and its owner for 180 days for attempting to sell sensitive technology to Chinese entities, in violation of U.S. regulations.