Raimondo appeared on MSNBC's Meet the Press on Sunday to detail the strategy behind encouraging China"to be less antagonistic" toward U.S. business. However, she expressed some hope that Chinese officials would see the facts and understand they would benefit as well.
The commerce secretary referenced President Joe Biden's executive order to rein in investments into Chinese development of military-grade semiconductors, including not selling the most sophisticated American-made chips to China. "We are not going to, currently on my watch, we are not going to sell the most sophisticated American chip to China that they want for their military capacity," Raimondo said."Well, we are trying to choke their military capacity, so if they feel that, that means the strategy is working."
Additionally, she promised the U.S. wouldn't do business with any company that would sell the chips to China. Biden's order already requires U.S. investors to disclose any previous transactions they may have had with Chinese businesses involved in the three industries.Despite Raimondo's insistence, Republicans have criticized its effectiveness. House Foreign Affairs Committee Chairman Michael McCaul alleged that the executive order is too narrowly focused. Sen.
The White House already blocked the sale of some of Nvidia's highest-grade microchips in the Middle East due to worries that they would get to China.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CBSNews - 🏆 87. / 68 Read more »
Source: CBSNews - 🏆 87. / 68 Read more »