Matt Borman, a longtime senior career official overseeing export control regulations at the Bureau of Industry and Security, is expected to leave BIS soon, according to two people familiar with the matter.
A new White House memo on President Donald Trump’s “America-first investment policy” previews efforts to expand both inbound and outbound foreign investment restrictions, tamp down on the use of mitigation agreements, fast-track investment deals from certain allies and more.
The Bureau of Industry and Security’s ongoing export control policy review is likely to result in an initial set of recommendations involving advanced technology exported to China, Akin Gump said last week.
The U.S. has so far declined to tell the EU how it chose the 18 countries that will benefit from mostly unrestricted access to advanced artificial intelligence chips under the Bureau of Industry and Security’s AI diffusion rule, the European Commission’s chief trade enforcement officer said this week, making it “very difficult” for EU officials to negotiate lifting the restrictions.
The Bureau of Industry and Security is facing a backlog of export license applications and a barrage of questions from industry after applications were put on hold earlier this month, although the agency hopes to see processing slowly return to normal as political appointees are put in place, Export Compliance Daily has learned.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
Companies in the Czech Republic plan to ask the Bureau of Industry and Security to loosen restrictions on U.S. exports of advanced artificial intelligence chips that were put in place as part of a BIS rule in January that tightened controls for nations around the world.
Former President Joe Biden's administration made the most “aggressive and far-reaching use” of trade tools of any U.S. administration in history, and the new Trump administration is on track to “wield these tools in an even more aggressive manner,” Gibson Dunn said in a 2024 international trade recap released this month. Although the Treasury Department under Biden imposed sanctions at a faster rate than any of his predecessors, the law firm noted that President Donald Trump favors tariffs, which could cause the targets of those tariffs, including U.S. trading partners in Europe and Asia, to deploy similar tools “either in retaliation against U.S. measures or in pursuit of their own strategic interests.”
Although the new administration appears to be gearing up to build on U.S. outbound investment restrictions against China, President Donald Trump’s affinity toward dealmaking means that tighter rules aren’t a guarantee, an analyst said. Other analysts said the U.S. will face challenges trying to convince its allies in Asia, including Japan and South Korea, to also impose restrictions on outbound deals in China.
The Bureau of Industry and Security has paused reviews of new export license applications submitted this month, without explanation, causing concern and frustration among exporters and trade compliance officials.