US government turmoil stalls thousands of export approvals, sources say
(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. Shipments of artificial intelligence chips from Nvidia to China are the most high-profile example of licenses not being swiftly approved.
By Karen Freifeld and Alexandra Alper
(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 ... [4842 chars]
Published by: Yahoo Singapore News
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