controls help protect democracy. Critics say the agency doesn't do enough to address China.This week Commerce Secretary Gina Raimondo kicked off the first Bureau of Industry and Security conference since the pandemic saying that export controls “are at the red-hot center of how we best protect our democracies” and that they “matter more than ever.
Experts say that BIS has been slow to impose new export controls on American technologies that could become tools of military or economic warfare. Derek Scissors of the American Enterprise Institute chalks it up to BIS capitulation to industry. “The true reason Commerce is dead set against restricting foundational technology is American companies make a good deal of money selling products utilizing foundational technology to China” he writes.
from China Tech Threat and the Coalition for a Prosperous America details the risks of an Apple-YMTC partnership – everything from the Chinese government compromising Apple users’ security and privacy to the disruption of the global memory chip market. The dealThis tradeoff of security for profits is one many tech firms readily make, and BIS frequently allows.
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