Big fines coming for companies with export violations, says ex-Commerce official

The Epoch Times

Right

Factuality

Ownership

Big Fines Coming for US Export Violations, Says Ex-commerce Official, as China Sales Probed

The U.S. Commerce Department is likely to impose hefty fines on companies in the coming months for illegally shipping technology to customers in countries like China, a top department official who left last month said on Thursday. Matthew Axelrod, as Commerce’s assistant secretary for export enforcement during the Biden administration, pushed for tougher penalties against companies that violated export controls on China, Russia and Iran. He sign…

Mediaite

Lean Left

Factuality

Ownership

Barstool Sports’ Dave Portnoy Reveals He Was Asked to Be in Trump’s Commerce Department

Barstool Sports founder Dave Portnoy revealed on Friday that he was asked to be part of President Donald Trump's commerce department.

WTVB

Center

Factuality

Ownership

Big fines coming for companies with export violations, says ex-Commerce official

By Karen Freifeld (Reuters) – The U.S. Commerce Department is likely to impose hefty fines on some large companies in the coming months for offenses such as illegally shipping technology to customers in China, according to a top department official who left last month. Matthew Axelrod, as Commerce’s assistant secretary for export enforcement during the Biden administration, pushed for tougher penalties against companies that violated export cont…

New York Post

Lean Right

Factuality

Ownership

Nvidia stock slides as CFO raises worries over ‘unknowns’ on Trump tariffs, export controls

A top Nvidia executive said President Trump’s potential tariffs and export controls on its powerful computer chips remains an “unknown” for the business in the near future.

exportcompliancedaily.com

Factuality

Ownership

Former Senior Commerce Trade Adviser Joins Consulting Firm

Ted Dean, former trade adviser to former Commerce Secretary Gina Raimondo, has joined DGA Group's China practice, the consulting firm announced. Dean led Commerce Department activities in the U.S.-EU Trade and Technology Council and advised on China policy.

大纪元 Epoch Times

Factuality

Ownership

A former senior U.S. Commerce Department official revealed that in the coming months, the U.S. government may impose heavy fines on companies that violate the regulations in exporting technology to China and other countries, and relevant investigations are still ongoing.