Export Gridlock: U.S. Licensing Delays Risk Billions

The U.S. Bureau of Industry and Security is experiencing significant setbacks, as thousands of license applications for exporting goods and technology worldwide remain unresolved. This includes high-profile cases such as Nvidia's AI chips, affecting billions in trade.

Under U.S. Commerce Secretary Howard Lutnick, the bureau faces criticism for failing to issue new rules, stifling industry communication, and losing staff. This has raised concerns about national security and competitive disadvantage, as backlog delays impact numerous applications.

Exporters express frustration over the uncertainty and potential loss of market share. Clocks are ticking for U.S. companies, while global competitors move forward. Despite assurances, key regulatory changes remain on hold, exacerbating industry unrest.

(With inputs from agencies.)