Tuesday, December 15, 2020
Soon after the January 2021 inauguration, President-elect Biden will announce his trade agenda. Many of the major trade issues which have been a focus of the Trump Administration, such as import tariffs, export restrictions, new and heightened economic sanctions, and inbound investment controls could shift in ways which impact U.S. and non-U.S. companies. The United States will continue to focus on China trade issues, investment by Chinese entities, protecting U.S. technology, and prohibiting imports made with forced labor. Importers, exporters, and manufacturers will need to be prepared to adjust operations. The incoming administration is expected to announce, if not implement, its priorities in its first months. This GT Alert discusses the expected trade and inbound foreign investment agenda, as well as the likely impact of such potential changes on U.S. companies.
Chris Wu Contributor Chris is an Electrical Engineering MS student at Stanford. He enjoys tinkering and contributing to the development of new technologies, from internet satellites to medical devices. Wouter Julien Luc Van Gijseghem Contributor Wouter is an aerospace engineer at Wing. Recently graduated from Stanford, he loves anything that flies. Maurizio Valesani Contributor Maurizio holds a MS in Aerospace Engineering from Polytechnic University of Turin and a MS in Management Science and Engineering from Stanford University. He will soon be starting a traineeship at the European GNSS Agency. Tim Spencer Contributor Tim is a graduate student at Stanford, a technology investor and a big believer in the potential for space to transform society.
THE DIRECTOR OF THE OFFICE OF MANAGEMENT AND
BUDGET
THE ASSISTANT TO THE PRESIDENT FOR NATIONAL
SECURITY AFFAIRS
SPACE ADMINISTRATION
TECHNOLOGY POLICY
SUBJECT: The National Space Policy
Section 1. References. This directive supersedes Presidential Policy Directive – 4 (June 29, 2010) and references, promotes, and reemphasizes the following policy directives and memoranda:
a) Presidential Policy Directive 26 – National Space Transportation Policy (November 21, 2013)
b) Executive Order 13803 – Reviving the National Space Council (June 30, 2017)
c) Space Policy Directive 1 – Reinvigorating America’s Human Space Exploration Program (December 11, 2017)
d) The National Space Strategy (March 23, 2018)
e) Space Policy Directive 2 – Streamlining Regulations on Commercial Use of Space (May 24, 2018)
f) Space Policy Directive 3 – National Space Traffic Management Policy (June 18, 2018)
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The administration of President-elect Joe Biden and Vice President-elect Kamala Harris will break sharply from the policies of the Trump Administration in many ways. But one area where we expect more continuity than change is the recent, steady growth of regulatory scrutiny of foreign investments in the United States.
Two current trends make clear that foreign investment scrutiny through the Committee on Foreign Investment in the United States (CFIUS or Committee) will continue to require significant attention by all parties involved with deals resulting in the acquisition by foreign persons of equity interests in US businesses.