STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy David Shepardson and Trevor Hunnicutt
"There’s a lot of benefit to doing business where we can. Having said that, we have to protect what we must, and be eyes wide open about the threats and strategic competition," Raimondo said in July. And on Wednesday the United States said it is seeking a six-month extension to a decades-old science and technology agreement with China, a deal Chinese officials have expressed a desire to extend.
Officials are hoping to see concrete signs of progress in the relationship, in potential areas ranging from trade to climate, in time for a potential face-to-face meeting between Biden and Chinese counterpart Xi Jinping before the end of the year. Raimondo said in July the Biden administration is seeking to carefully target U.S. controls on exports to China, but rules will cost firms some revenue.