Secretary of State Antony Blinken, Secretary of Defense Lloyd Austin III, and Secretary of Commerce Gina M. Raimondo testify on “Investing in US Security, Competitiveness, and the Path Ahead for the U.S.-China Relationship” at 2:00 p.m. ET on May 16. …
LIVE NOW: Blinken, Austin, Raimondo Testify on US-China Relationship at Senate
Secretary of State Antony Blinken, Secretary of Defense Lloyd Austin III, and Secretary of Commerce Gina M. Raimondo testify on “Investing in US Security, Competitiveness, and the Path Ahead for the U.S.-China Relationship” at 2:00 p.m. ET on May 16. …
Blinken, Austin, Raimondo Testify on US-China Relationship at Senate
Secretary of State Antony Blinken, Secretary of Defense Lloyd Austin III, and Secretary of Commerce Gina M. Raimondo testify on “Investing in US Security, Competitiveness, and the Path Ahead for the U.S.-China Relationship” at 2:00 p.m. ET on May 16. …
US Taking ‘Urgent’ Action to Secure Data Amid TikTok Security Fears: Official
The United States is taking “urgent” actions to protect Americans’ data amid growing concerns over security risks posed by TikTok and other foreign companies, a U.S. official said. Commerce Secretary Gina Raimondo told Reuters that the government is hiring people to monitor and identify companies that may pose “undue security risks” to the country’s networks…
US Considered Blocking Exports of Taiwanese Microchips to Russia
The United States considered last year blocking the export of Taiwanese microchips to Russia due to its war in Ukraine but ultimately decided against doing so, said U.S. Commerce Secretary Gina Raimondo on Feb. 23. “A year ago, we led a coalition of 36 countries to align export controls against Russia,” said Raimondo at an…
US Not Seeking to Fully ‘Decouple’ From China, Just Limit Ties in Core Areas That Threaten Security
Even though the United States is taking steps to protect the country’s military and tech prowess from Beijing, Washington is not looking to cut off ties with China, according to U.S. Secretary of Commerce Gina Raimondo. “We’re not seeking the decoupling from China. We want to promote trade and investment in areas that don’t threaten…
Biden Official Says Efforts to Fight Inflation Are ‘Working’ Even As Core Inflation Jumps to 40-Year High
U.S. Commerce Secretary Gina Raimondo is insisting that the Biden administration’s efforts to curb rising prices are working despite the fact that core inflation in the country has jumped to its highest level in four decades. Though inflation is “higher than we would like it to be,” the good news is that housing costs and…
US Lawmakers Look to Carve Off Chips Funding to Speed Passage: Raimondo
WASHINGTON—U.S. Secretary of Commerce Gina Raimondo said on Wednesday that lawmakers appear to be moving to carve off $52 billion in semiconductor chips manufacturing subsidies from a larger bill on boosting U.S. competitiveness with China. “Things seem to be coalescing around the path of chips, or maybe chips plus a thing or two, and getting…
Chipmakers Will Abandon Plans for US Plants Unless Congress Passes $52 Billion Funding, Warns Raimondo
U.S. Commerce Department Secretary Gina Raimondo urged lawmakers to quickly approve $52 billion in funding for chipmakers as multiple companies have stalled their expansion plans in the country. “Mark my words … if Labor Day comes and goes and this Chips Act isn’t passed by Congress, these companies will not wait and they will expand…
China Warned Not to Help Russia Evade Sanctions, Obtain Semiconductors: Biden Administration
The Biden administration warned China on March 23 not to help Russia evade Western sanctions over its invasion of Ukraine, saying G7 countries will soon announce a unified initiative to prevent “systematic sanctions busting.” All countries will be held to the same requirements, U.S. officials said, although China has been receiving special attention after Beijing…
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