A lobbying group whose board includes US firms such as Oracle, Amazon and Exxon Mobil is urging the Trump administration to immediately suspend a rule it says halted billions of dollars’ worth of US exports and will prompt China and other countries to drop US firms from their supply chains.
The rule “has resulted in an immediate pause of billions in US exports, which is contrary to your desire to reduce the trade deficit and increase US exports globally”, NFTC President Jake Colvin wrote in the letter, dated October 3 and not previously reported.
The White House and the Commerce Department, which oversees export controls, did not respond to requests for comment. NFTC declined to comment.
The letter lays bare the extent of private sector opposition to the controversial rule, long sought by China hawks in Washington to crack down on sanctioned Chinese firms using unsanctioned subsidiaries to bypass export restrictions to access prized technology.
