China raised the tariff rate on U.S.-origin goods, from 34% to 84%, in response to President Donald Trump's April 8 executive order raising reciprocal rates by 50% (see 2504080079), the Office of the Tariff Commission of the State Council announced April 9. The new tariffs will take effect at 12:01 a.m. April 10, the commission said, according to an unofficial translation.
China’s State Council this week released a white paper on economic and trade relations with the U.S., criticizing the U.S. government’s imposition of tariffs and export controls and saying that the two sides should strive toward “mutually beneficial cooperation.” The white paper seeks to “clarify the facts about China-US economic and trade relations and illustrate China's policy stance on relevant issues,” it says, according to an unofficial translation.
The U.K. recently fined three companies more than $4.7 million combined for breaching the country’s export controls on military goods, the country announced April 9.
Thomas DiNanno, President Donald Trump’s nominee to be undersecretary of state for arms control and international security (see 2502120058), said April 9 that speeding up foreign military sales (FMS) will be a priority for him if he’s confirmed by the Senate.
The House Foreign Affairs Committee approved several sanctions and export control bills April 9, including one that would increase sanctions on Iran's energy sector to deprive Tehran of revenue it uses to fund terrorism.
The U.S. this week sanctioned Mexican national Jesus Alfredo Beltran Guzman for trafficking illegal drugs into the U.S. and for being a key leader of the drug trafficking group Beltran Leyva Organization. The Office of Foreign Assets Control said the group is "one of the most powerful drug trafficking organizations in the world, and it has moved fentanyl, cocaine, heroin and methamphetamine into the U.S.
The Office of Foreign Assets Control this week sanctioned five Iranian companies and one person for supporting entities that work on Iran's nuclear program, including the Atomic Energy Organization of Iran and the Iran Centrifuge Technology Co. OFAC said the designations target companies procuring or making critical technologies for the two Iranian organizations.
The Office of Foreign Assets Control this week published Arabic translations of several general licenses that authorize certain transactions with the Yemen-based Houthis, also known as Ansarallah. The licenses cover transactions related to certain agricultural goods, telecommunications, personal remittances, petroleum products, port operations and diplomatic missions.
Exporters and other companies could start seeing an uptick in government subpoenas as the Bureau of Industry and Security looks to increase export penalties, industry officials said this week, adding that businesses should make sure they’re scrutinizing transactions and watching for red flags.
U.K. Prime Minister Keir Starmer has named Stephen Lovegrove, a former U.K. national security adviser and defense minister, the special representative to the AUKUS partnership between Australia, the U.K. and the U.S. Lovegrove called AUKUS a “uniquely powerful partnership which will develop and deliver cutting-edge capabilities” and help boost the U.K.’s defense industrial base. “I look forward to starting work immediately to help maximise the potential of this vital partnership,” he said.