A bipartisan group of lawmakers reached an agreement on legislation that, if passed, would bar imports of Russian energy and suspend normal trade relations with Russia and Belarus.
Export controls introduced in late February prohibit exporting aircraft that were made in the U.S. or use some U.S. parts to Russia, effectively grounding some international flights, the Commerce Department said.
China’s capital city is not as central to global production networks as Shanghai, but the costs for global companies will still mount if lockdowns spread.
The move stems from concerns that Mexico is violating the United
States-Mexico-Canada Agreement, which seeks to level the playing field for
industries across the continent.
President Biden and the European Commission president met to discuss how to effectively counter Russia and a potential trade deal for electric vehicles.
The United States is taking unusual action to clamp down on sales of chip-making machinery to China, even as Chinese firms are racing to stockpile the equipment.