The rollout of the Biden administration’s CHIPS Act award money has so far focused on providing major awards for major companies, with just four leading-edge semiconductor manufacturers receiving the lion’s share of the $33 billion that has been allocated to this point. Now, with $6 billion remaining, the focus is shifting to sending smaller awards … Read more
WASHINGTON: US commerce secretary Gina Raimondo is leading a presidential trade and investment mission to the Philippines starting Monday as the United States looks to fortify economic ties across the region. Raimondo plans to tout the Philippines as a key hub for regional supply chains and investment in support of the US Indo-Pacific Strategy during … Read more
Good morning! It’s Thursday, February 29, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 2024 Polestar 2: Your Questions, Answered 1st Gear: Biden Weary Of Chinese Cars U.S. officials are going to … Read more
Secretary of Commerce Gina Raimondo testifies during the House Science, Space and Technology Committee hearing titled “Chips on the Table: A one year review of the CHIPS and Science Act,” in Rayburn Building on Tuesday, September 19, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images WASHINGTON â The Biden administration is aiming to … Read more
My top 10 things to watch Tuesday, Dec. 5 Lots of China news: Moody’s downgrades to China credit outlook to negative. The Chinese government is disappointed. Details on McDonald’s (MCD) expansion in China are expected at Wednesday’s Investor Day. U.S. Lawmakers cautions investors about the proposed IPO of Chinese-founded fast fashion retailer Shein. No new … Read more
WASHINGTON: Holding talks with Beijing officials is not a sign of weakness by Washington, the US commerce secretary said Sunday, adding that not talking can lead to greater tensions and misunderstanding.“It’s in the US interest. It’s in China’s interest. Indeed, it’s in the world’s interest for the US and China to have a stable and … Read more
U.S. President Joe Biden having a virtual meeting with his Chinese counterpart Xi Jinping from the Roosevelt Room of the White House in Washington, DC, on November 15, 2021. Mandel Ngan | Afp | Getty Images BEIJING — China’s Ministry of Commerce said Thursday that restoring stability in U.S.-China trade relations is the best way … Read more
U.S. Secretary of Commerce Gina Raimondo is set to meet with senior Chinese officials and U.S. business leaders in Beijing as the two countries continue high-level talks. Her trip is a crucial but also a tough one to tread with U.S.-China economic ties hanging in the balance, according to a former senior U.S. diplomat. “Gina … Read more
Relations between Washington and Beijing are at their lowest in decades amid disputes over trade, technology, human rights and China’s increasingly aggressive approach toward its territorial claims involving self-governing Taiwan and the South China Sea. Jason Lee | Reuters BEIJING — China’s ambassador to the U.S., Xie Feng, has blamed U.S. tariffs and export controls … Read more
U.S. Commerce Secretary Gina Raimondo (L) and Chinese Vice Premier He Lifeng pose for photographs before their meeting at the Great Hall of the People in Beijing on August 29, 2023. Andy Wong | Afp | Getty Images BEIJING — U.S. Commerce Secretary Gina Raimondo has left Beijing with a few deliverables: plans for formal … Read more