China is a growing threat to national security, U.S. companies and American workers, U.S. Commerce Secretary Raimondo says

Commerce Secretary Gina Raimondo says China has prioritized its national security over economic growth and trade with other nations.

Commerce Secretary Gina Raimondo testifies before a Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing on Capitol Hill in Washington, D.C., U.S., February 1, 2022.It's now clear to U.S. officials that China, once considered a possible economic and political ally, has become an emerging threat to national security, U.S. companies and American workers, Commerce Secretary Gina Raimondo said Wednesday.

"Probably most disturbingly is they're accelerating their efforts to fuse economic and technology policies with their military ambitions," Raimondo said. "And as China's economy has grown in size and influence, so too, has its commitment to using nonmarket trade and investment practices in ways that are forcing us, compelling us, to defend United States businesses and workers and those of our allies and partners.

Strict measures were implemented under the CHIPS and Science Act, signed into law by Biden in August, to ensure research and innovation investments "can never be used to benefit China's military," said Raimondo. The administration fears that semiconductor chips used to manufacture military equipment could be used against the U.S.on semiconductors manufactured in China by U.S. companies.

If the U.S. and the powers that be are REALLY SERIOUS abt China then they won’t allow children like Donald Trump to step in office and “put on a show as if” they’re actually standing against China.

Funny how things are turning around.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Unprecedented protests in China are making headlines around the world, except inside China | CNN BusinessProtesters have taken to the streets across China after years of the government's zero-Covid policy have left citizens feeling desperate. CNN's selinawangtv reports from China. selinawangtv This morning (Nev 28), the Islamic Republic executed seven people in the central prison in Balochistan in one hour. They are massacring Iranian people in secret. A great crime is going on, be the voice of the people of Iran MahsaAmini selinawangtv Freedom can only be suppressed for so long. Then it emerges. selinawangtv Isn’t this against your agenda? I mean the elite agenda, cnn is just their cuckold puppets.
Source: cnni - 🏆 326. / 59 Read more »