Biden Commerce Chief Pledges to Help Businesses Export to China
Raimondo says nation is both key market, strategic competitor
U.S. will use available tools to confront unfair practices
U.S. Commerce Secretary Gina Raimondo says the semiconductor shortage is due to a supply chain issue. Show: Peer-to-Peer Conversations." (Source: Bloomberg)
U.S. Commerce Secretary Gina Raimondo said that the Biden administration needs to help American businesses export to China and do business in the world’s second-largest economy, even as it protects workers from unfair practices and competition.
Much of her focus in the first 1 1/2 years on the job will be domestic, Raimondo said, touting Biden’s proposal for a $50 billion fund to build semiconductors and programs to retrain workers.
