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Global Trade & Sanctions LawPublished on:
BIS Extends Its Suspension of the “Affiliates Rule” Until January 2027
In a final rule published on November 5, 2026, the Bureau of Industry and Security (BIS) further stayed its “Affiliates Rule,” which would otherwise have taken effect on November 10, 2026, until January 10, 2027.
This action formalizes the extension of the U.S.-China “Busan Agreement,” a truce in ongoing trade tensions between Washington, DC, and Beijing, as announced by Treasury Secretary Scott Bessent on September 23, 2026, which we discuss here. As part of the broader détente, China also extended its suspension of rare earth export controls on November 9, while the United States extended tariff exclusions for 178 Chinese products.
