The Washington Tariff and Trade Letter introduces a web-based format for easier review, research and sharing. Clicking on a story in the newsletter will now bring you to the full text on our new web site. A .pdf version of the newsletter is available below. For any questions about website access and your subscription, please contact us at Info@TradeRegs.com – Or call the Editor, Frank Ruffing, at +1.703.283.5220
The April 19 IFR loosening license requirements for dual-use trade is corrected to include only portions of those firearms ECCNs previously controlled for national security column 1 (NS1) or regional stability column 1 (RS1) reasons for control for the destinations of Australia and the United Kingdom will continue to require a license. The revised proposed rule conforms with the existing treatment of Canada.
The U.S. Department of the Treasury and IRS released final rules on the clean vehicle provisions of the Inflation Reduction Act. The rules update taxpayer and vehicle eligibility for the credit for new clean vehicles and the previously-owned clean vehicle credit. The rules also address the critical minerals and battery components requirements and Foreign Entity of Concern (or “excluded entity”) restriction that were added to the clean vehicle credit by the IRA.
Responding to reports the company has secretly funded research at US universities through an independent foundation, new chairman of the House Select Committee on China Rep. John Moolenaar (R-Mich) is taking aim at Chinese telecoms giant Huawei. The research funding is a way for China to steal US innovations, the chairman said. The Administration should suspend all export licenses to Huawei and consider other steps such as placing the company on the Specifically Designated National list, he stated.