- Joined
- Aug 19, 2014
- Messages
- 52,023
- Reaction score
- 44,415
- Location
- Tennessee, USA
- Gender
- Male
- Political Leaning
- Conservative
Sec. Nutlick can't handle the chaos that Trump/Mush/DOGE turd cuts have wrought. On the bright side, Trump's treasonous approval of letting Nvidia send advanced chips to China is also stalled.
Aug 1 (Reuters) - Thousands of license applications by U.S. companies to export goods and technology around the globe, including to China, are in limbo because turmoil at the agency in charge of approving them has left it nearly paralyzed, two sources said.
While U.S. Commerce Secretary Howard Lutnick has become a familiar face touting President Donald Trump's tariff and trade deals, sources said the export bureau under Lutnick's command has failed to issue expected new rules, stifled communications with industry representatives, pushed out experts, and lost staff through buyouts and resignations.
<skip>
Some staff have criticized Jeffrey Kessler, who became BIS undersecretary in March, saying he has micromanaged the bureau and failed to communicate adequately.
<skip>
“We’re seeing whole sectors where there is no movement or indication if or when licenses will be issued," including license applications for semiconductor manufacturing equipment worth billions of dollars, said Sean Stein, president of the US-China Business Council.
While the clock is ticking on license applications, “Chinese companies are exploring and doing deals with suppliers in China and other countries,” he said. “The longer we have the delay, the more market share we're going to lose."
www.reuters.com
Aug 1 (Reuters) - Thousands of license applications by U.S. companies to export goods and technology around the globe, including to China, are in limbo because turmoil at the agency in charge of approving them has left it nearly paralyzed, two sources said.
While U.S. Commerce Secretary Howard Lutnick has become a familiar face touting President Donald Trump's tariff and trade deals, sources said the export bureau under Lutnick's command has failed to issue expected new rules, stifled communications with industry representatives, pushed out experts, and lost staff through buyouts and resignations.
<skip>
Some staff have criticized Jeffrey Kessler, who became BIS undersecretary in March, saying he has micromanaged the bureau and failed to communicate adequately.
<skip>
“We’re seeing whole sectors where there is no movement or indication if or when licenses will be issued," including license applications for semiconductor manufacturing equipment worth billions of dollars, said Sean Stein, president of the US-China Business Council.
While the clock is ticking on license applications, “Chinese companies are exploring and doing deals with suppliers in China and other countries,” he said. “The longer we have the delay, the more market share we're going to lose."
US government turmoil stalls thousands of export approvals, sources say
Thousands of license applications by U.S. companies to export goods and technology around the globe, including to China, are in limbo because turmoil at the agency in charge of approving them has left it nearly paralyzed, two sources said.
www.reuters.com
