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      October 30, 2024

      US China Trade Monthly - October 2024

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      As global economic and geopolitical environments enter a new era, companies need to continuously develop and adjust their coherent global business strategies to secure and further expand business opportunities in all markets while minimizing political and legal risks by ensuring compliance. To assist you with that task, Mayer Brown’s US-China Trade Monthly provides news and insights related to the latest US developments impacting the US-China bilateral trade relationship. 

      In this October 2024 issue, we will discuss the: (1) White House announcing new restrictions on de minimis rules; (2) US House of Representatives passing multiple bills targeting threats posed by the Chinese Communist Party; (3) US Department of Commerce’s Bureau of Industry and Security (BIS) implementing export controls on advanced technology; and (4) BIS proposing controls on connected vehicles and components with links to China and Russia.

      White House Announces New Restrictions on De Minimis Rules

      On September 13, 2024, the White House announced new actions to address “the significant increased abuse of the de minimis exemption” by China-founded e-commerce platforms and strengthen US efforts to target and block shipments that violate US laws. 
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      House Passes Multiple Bills Targeting Threats Posed by the Chinese Communist Party

      The US House of Representatives held a “China Week” in September. The week focused on passing 25 bills designed “to protect Americans against the military, economic, ideological, and technological threats posed by the Chinese Communist Party [CCP].” 
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      BIS Adopts Additional Controls on Quantum, Semiconductor and Additive Manufacturing Technologies in Concert with International Partners

      On September 6, 2024, the US Department of Commerce’s Bureau of Industry and Security (BIS) published an interim final rule (IFR) issuing new export controls on quantum computing, semiconductor, and other advanced technology, including adding Export Control Classification Numbers (ECCNs), revising existing ECCNs, adding a license exception, and adding certain deemed export carve-outs to new controls.
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      Commerce Department Proposes Controls on Connected Vehicles and Components with Links to China and Russia

      On September 26, 2024, the US Department of Commerce’s Bureau of Industry and Security (BIS) Office of Information and Communications Technology and Services (OICTS) published a notice of proposed rulemaking (the “Proposed Rule”) titled “Securing the Information and Communications Technology and Services Supply Chain: Connected Vehicles.”
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