Export Controls Backfire: The Unintended Consequences of America's Licensing Regime The Biden administration's export control licensing regime, born from a Trump era initiative, has been touted as a vital tool in the US China standoff.
However, a recent survey by the US China Business Council paints a starkly different picture – one of costly delays, eroded market share, and strategic futility.
A study conducted in July among 31 American companies from diverse sectors reveals that months long licensing delays are draining billions from the US economy.