U.S. Export Rule Sparks Industry Backlash Amid Global Trade Tensions
A lobbying group, including major U.S. firms, urges the Trump administration to suspend a rule restricting exports to firms partly owned by sanctioned companies. The rule poses risks to U.S. foreign policy and national security by potentially excluding American products from global supply chains.
The National Foreign Trade Council (NFTC), involving major U.S. corporations such as Oracle and Amazon, is pressing the Trump administration to reconsider a new rule that has frozen billions in U.S. exports.
This Affiliates Rule restricts American businesses from exporting goods and technologies to companies owned by sanctioned entities.
Opponents, including China's government, warn this could weaken U.S. security and economy by driving foreign customers towards non-U.S. suppliers.
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