The United States and Britain struck a trade deal on Tuesday to lift American tariffs on British steel and aluminum, while the U.K. will remove levies on U.S. motorcycles, whiskey, and tobacco. Britain will be able to ship “historically-based sustainable volumes” of steel and aluminum goods to the United States starting June 1 without tariffs…
New US-UK Trade Accord Rolls Back Trump-Era Tariffs
March 22, 2022
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US, Taiwan Discuss Chips, to Cooperate Under New Framework
TAIPEI—U.S. Commerce Secretary Gina Raimondo discussed chip supply chains during a call with her equivalent in Taiwan and the two will cooperate on technology trade and investment through a newly established mechanism, her office said. The United States has repeatedly pressed Taiwan, as a major chip producer, to do more to help resolve a global…
US Commerce Chief to Make Pitch for Chips Funding in Michigan
November 29, 2021
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WASHINGTON—U.S. Commerce Secretary Gina Raimondo will on Monday make a pitch in Michigan for Congress to approve $52 billion to expand U.S. semiconductor manufacturing even as it continues to review data on the chips market from companies around the world. Raimondo is visiting a United Auto Workers local hall and meeting with Michigan politicians, officials…
US Confident on Developing Business Framework With Indo-Pacific Partners: Commerce Chief
November 18, 2021
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KUALA LUMPUR—The United States is confident about developing a framework with Indo-Pacific partners to strengthen business and workforce, U.S. Commerce secretary Gina Raimondo said on Thursday. Raimondo said in a teleconference call that the framework was not envisioned as a typical free trade deal, and must be inclusive, flexible so many countries can participate.
Commerce Secretary Says She Has Spoken to Chip Makers Over Data Compliance
U.S. Commerce Secretary Gina Raimondo told reporters Tuesday that she had spoken to leaders of semiconductor manufacturing companies recently over data compliance. The Department of Commerce had asked global semiconductor manufacturers and automakers on in September to voluntarily fill out a questionnaire about the supply chain and gave them a deadline of November 8th to…
Biden Commerce Secretary: Delaying Vaccine Mandates Would Be a ‘Mistake’
The Biden administration’s secretary of Commerce signaled that the White House will not delay its vaccine mandate plans until after the Christmas holiday season despite several trade groups’ warnings in recent days. “No, I think that would be a big mistake. People want to work in a workplace where they feel safe,” Commerce Secretary Gina…
Chinese Regime Using US Tech to Create Weapons, House Republicans Warn
October 26, 2021
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The Chinese military likely used American technologies in its reported test of a hypersonic weapon earlier in the year, according to a recent letter signed by 17 Republican lawmakers. “It is likely that U.S. software and tools contributed to the creation of this weapons system, because of our country’s permissive export controls and licensing policies…
US Commerce Secretary Says No Denying Supply Chain Is a Problem
October 8, 2021
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WASHINGTON—U.S. Secretary of Commerce Gina Raimondo said on Friday that incremental improvements could be seen regarding supply chain disruptions but that the impact would continue into next year. “There’s a lot of work left to do,” Raimondo said on CNBC. “We’re making slow improvement. But there’s no denying that it’s a problem. I think we’re…
Republican Lawmakers Press Biden Administration to Get Tougher on China
Republican lawmakers are calling for the Biden administration to harden its policy toward Beijing, saying that recent remarks from senior officials revealed a failure to “grasp the true threat posed by the Chinese Communist Party.” U.S. climate envoy John Kerry recently responded to a question about the plight of Uyghurs in China’s western Xinjiang region…
US Commerce Chief to Push Investment in Domestic Economy
September 28, 2021
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WASHINGTON—U.S. Commerce Secretary Gina Raimondo plans to outline her vision for U.S. investment in its domestic economy and doing more to compete with China, in a speech on Tuesday. “For America to compete globally, we must invest domestically—in American workers, American businesses, and American innovation,” Raimondo will say at the Washington Economic Club, according to…
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