Commerce Chief Says Biden Plan Boosts U.S.’s Ability to Compete
- Raimondo calls U.S. strategy on China ‘an ongoing process’
- Bill would aid the construction of U.S. chip plants, she says
U.S. Secretary of Commerce Gina Raimondo discusses how President Biden's rescue plan is advancing an economic recovery. She also talks about the infrastructure plan negotiations, progress on the ongoing semiconductor shortage, cyber attacks, and regulating big tech.
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U.S. Secretary of Commerce Gina Raimondo said President Joe Biden’s spending plans are focused on bolstering U.S. competitiveness on the global stage, especially with China.
His jobs plan “is all about competing with China: improve our education system, improve our infrastructure, invest in manufacturing,” she said in an interview with Emily Chang on Bloomberg Television Thursday. “The way to compete with China is to run faster, to invest in America.”