US Commerce Secretary Raimondo: Patience of US business is wearing thin, China is making it more difficult

"China is making it more difficult," US Commerce Secretary Gina Raimondo told CBS's Face the Nation per Reuters. The policymaker also added that she was very clear with China that they need it as patience is wearing thin among American businesses.

The policymaker also cited China’s closing down the economy and being more arbitrary in the way they administer regulations as the reasons for the challenging performance of late.US President Joe Biden also crossed wires during the weekend while showing his disappointment with Chinese President Xi Jinping’s decision to remain absent from he summit of G20 leaders in India.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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