Secretary of Commerce Gina Raimondo and her husband own a financial stake in WeChat parent company Tencent Holdings, even as the Commerce Department reviews a ban of the Chinese tech giant. Raimondo and her husband Andrew Moffit own a stake worth between $21,500 and $44,500 in Tencent Holdings, according to a financial disclosure filed Jan….
Biden’s Commerce Secretary Owns Stake in WeChat Parent Company as White House Reviews Trump’s Ban
Commerce Secretary Owns Stake in WeChat Parent Company as White House Reviews Trump’s Ban
Secretary of Commerce Gina Raimondo and her husband own a financial stake in WeChat parent company Tencent Holdings, even as the Commerce Department reviews a ban of the Chinese tech giant. Raimondo and her husband Andrew Moffit own a stake in Tencent worth between $21,500 and $44,500, according to a financial disclosure filed Jan. 19…
House Republicans Urge Senate to Delay Confirmation of Biden’s Commerce Pick Over Huawei
A group of House Republicans on Tuesday called on their fellow Senate colleagues to delay the confirmation of President Joe Biden’s pick for Commerce secretary, Gina Raimondo, until the president clarifies whether he backs keeping Huawei on a restricted trade list. Texas Rep. Michael McCaul, the top Republican on the House Foreign Affairs Committee, led…
GOP Senators Urge Commerce Nominee to Commit to Countering Beijing’s 5G Ambitions
January 30, 2021
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Three Republican senators known for their hawkish stance on China are calling on President Joe Biden’s Commerce Department nominee to clarify if there are any circumstances under which she would remove China’s telecoms equipment giant Huawei from a trade blacklist that the Trump administration placed it on due to concerns about national security. Sens. Marco Rubio…
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