February 12, 2025

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Commerce Secretary Gina Raimondo indicated that China’s own self-interest should seek better relations with the United States.

Raimondo appeared on MSNBC’s Meet the Press on Sunday to elaborate on the strategy behind encouraging China to “be less hostile” to American business. However, he expressed some hope that the Chinese authorities would look at the facts and understand that they too would benefit.

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Raimondo said, “It’s obviously true, the facts speak for themselves that when China was more market-oriented and reformist, their economy — you know, they lifted hundreds of millions of people out of poverty.” “It appears to be true that it is in their self-interest to be less hostile to American business.”

The commerce secretary cited President Joe Biden’s executive order to rein in investment in Chinese development of military-grade semiconductors, including by not selling the most sophisticated American-made chips to China.

“At the moment under my watch, we are not going to sell China the most sophisticated American chips that they want for their military capability,” Raimondo said. “Well, we are trying to suppress their military capability, so if they feel that way, it means the strategy is working.”

Additionally, he promised that the US would not do business with any company that sold chips to China. Biden’s order already requires US investors to disclose any past transactions they have with Chinese businesses involved in the three industries.

Click here to read more from The Washington Examiner

Despite Raimondo’s urging, Republicans have criticized its effectiveness. Michael McCaul (R-Tex.), chairman of the House Foreign Affairs Committee, charged that the executive order is too narrowly focused. Senator Marco Rubio (R-FL) has argued that the order “fails to cover industries that the Chinese government considers important.”

The White House had already blocked sales of some of Nvidia’s highest-grade microchips to the Middle East because of concerns they would end up in China.

Source: www.bing.com

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