The U.S. government expects companies that export to inform themselves of the facts of any export transaction and exercise reasonable care in complying with applicable U.S. exportrequirements.
Huawei executives insist they weren't trying to hide anything from the government and note that they filed with the Commerce Department seeking to classify the technology under export control requirements before the company completed the acquisition.
Foreign entities with knowledge of the multi-axis simultaneous control machine tool industry view the U.S. export control policies and requirements as an additional burden to consider when dealing with U.S. multi-axis machine tool manufactures.
In an obvious grab for new legislative authority, the Foreign Relations Committee makes findings and recommendations and imposes reporting requirements concerning export controls, an area which has traditionally been under the exclusive purview of the Banking Committee in the Senate.
The Administration is committed to continue to work with Congress to enact legislation to ensure that U.S. export controls meet our current and anticipated national security requirements.
Soviet oil production, the most strategic sector of the civilian economy, is declining which bodes ill for meeting the rigid requirements of the domestic economy, Eastern Europe, and the crucial hard currency export market.