SAWT BEIRUT INTERNATIONAL

| 4 February 2023, Saturday |

Commerce secretary to tout U.S. strategy to counter China

Commerce Secretary Gina Raimondo will urge that the world’s two greatest economies shouldn’t separate from one another while arguing that the United States must do more to challenge China.

In a sneak preview of her MIT address on “U.S. Competitiveness and the China Challenge,” Raimondo told reporters on Tuesday, “We have to run faster, out invent, and keep pushing.”

The United States and China have sharply clashed in recent years.

“We must bolster our system of export controls, enhance our investment screening regimes, strengthen our supply chain resiliency, and develop innovative solutions to counter China’s economic coercion and human rights abuses,” Raimondo will say, according to excerpts released by her office.

In October, the Commerce Department published a sweeping set of export controls, including measures tightly restricting Chinese access to U.S. chipmaking technology, vastly expanding its reach in its bid to slow Beijing’s technological and military advances.

“For too long, America’s export control strategy was reactive — focused on preventing China from expanding its technological capabilities after it accessed American intellectual property,” Raimondo will say.

China firmly opposes U.S. export controls on semiconductor chips, arguing they hurt Chinese companies and commercial interests of U.S. exporters.

Raimondo said the United States is working with allies on semiconductor tooling restrictions and hopes they “will take steps similar to ours.”

Concerns about China helped convince Congress to approve hefty funding for semiconductor research and manufacturing and advanced science. Raimondo said that will help “ensure our future competitiveness and national security.”

She added the United States is “exploring new avenues to defend ourselves and others from China’s economic coercion” and cited United States support for Lithuania to withstand Chinese pressure after Taiwan opened a de facto embassy there.

 

Raimondo said the United States is “not seeking a decoupling from China” but added on “cutting edge technology, that China wants to get its hands on to put into military capacity… We’re not going to allow that.”

Raimondo in September 2021 said China was preventing its domestic airlines from buying “tens of billions of dollars” of U.S.-manufactured Boeing airplanes. In September, Boeing said it would begin to remarket some 737 MAX jets earmarked for Chinese customers citing ongoing geopolitical tensions.

Raimondo said Tuesday “we need to continue to do business with China and trade with China supports American jobs.”

    Source:
  • Reuters