U.S. tightens tech export restrictions to China, Russia, Venezuela

U.S. tightens tech export restrictions to China, Russia, Venezuela

by WorldTribune Staff, April 27, 2020 The Trump administration announced on April 27 new export control actions aimed at preventing efforts by entities in China, Russia, and Venezuela from acquiring U.S. technology for commercial purposes and then diverting the technology for military use. The Department of Commerce said in a press release that the restrictions […]

U.S.-China deal ends sanctions against ZTE, levies $1 billion fine

U.S.-China deal ends sanctions against ZTE, levies $1 billion fine

by WorldTribune Staff, June 7, 2018 The United States has reached a deal to end sanctions against Chinese telecom ZTE, imposing a $1 billion fine in what Commerce Secretary Wilbur Ross called “the strictest and largest settlement fine that has ever been brought by the Commerce Department against any violator of export controls.” The deal […]

Trump to open world markets to U.S. gun makers

Trump to open world markets to U.S. gun makers

by WorldTribune Staff, September 21, 2017 U.S. President Donald Trump is set to shift oversight of the sale of non-military arms and ammunition that would open world markets to American gun manufacturers. Trump is finalizing plans to shift oversight of firearms sales from the State Department to the Commerce Department, Reuters reported on Sept. 19. […]