BR100 Increased By (1.02%)
BR30 Increased By (1.71%)
KSE100 Increased By (0.58%)
KSE30 Increased By (0.65%)
BECO 6.03 Increased By ▲ 0.26 (4.51%)
BML 52.61 Decreased By ▼ -0.39 (-0.74%)
BOP 34.23 Increased By ▲ 0.24 (0.71%)
CNERGY 8.16 Increased By ▲ 0.05 (0.62%)
DCL 12.23 Increased By ▲ 0.03 (0.25%)
FCCL 53.80 Increased By ▲ 0.97 (1.84%)
FCSC 5.24 Increased By ▲ 0.17 (3.35%)
FFL 18.03 Increased By ▲ 0.08 (0.45%)
FNEL 1.30 Increased By ▲ 0.01 (0.78%)
HUMNL 11.00 Increased By ▲ 0.12 (1.1%)
KEL 8.07 Increased By ▲ 0.05 (0.62%)
KOSM 5.39 Decreased By ▼ -0.13 (-2.36%)
MLCF 87.90 Increased By ▲ 1.39 (1.61%)
NBP 186.60 Increased By ▲ 1.44 (0.78%)
PACE 10.75 Increased By ▲ 0.17 (1.61%)
PAEL 39.95 Increased By ▲ 0.53 (1.34%)
PIAHCLA 26.19 Decreased By ▼ -0.03 (-0.11%)
PIBTL 17.32 Increased By ▲ 0.65 (3.9%)
PPL 233.49 Increased By ▲ 5.31 (2.33%)
PRL 34.98 Increased By ▲ 0.30 (0.87%)
PTC 67.71 Increased By ▲ 2.38 (3.64%)
SEARL 90.90 Increased By ▲ 0.77 (0.85%)
SSGC 27.20 Increased By ▲ 0.60 (2.26%)
TELE 8.57 Increased By ▲ 0.29 (3.5%)
THCCL 60.85 Increased By ▲ 2.35 (4.02%)
TPLP 8.78 Increased By ▲ 0.56 (6.81%)
TREET 24.65 Increased By ▲ 0.12 (0.49%)
TRG 71.50 Increased By ▲ 1.79 (2.57%)
WAVES 10.01 Increased By ▲ 0.07 (0.7%)
WTL 1.27 Decreased By ▼ -0.01 (-0.78%)
World

Biden's Commerce pick Raimondo vows toughness on China

  • During the Trump administration, the commerce department cracked down on Chinese tech companies suspected of industrial espionage or of compromising US national security.
Published January 27, 2021 Updated January 27, 2021 11:15am
By

WASHINGTON: Gina Raimondo, nominated by President Joe Biden for commerce secretary, pledged Tuesday during a Senate confirmation hearing to be tough on China for "anti-competitive" trade practices.

"Should I be confirmed, I plan to be very aggressive, to help Americans compete against the unfair practices of China," she told lawmakers.

Raimondo, the first woman governor of the US state of Rhode Island, said that China has "clearly behaved in ways that are anti-competitive, dumping cheap steel and aluminum into America, which hurts American workers and hurts the ability of our companies to compete."

She said she supported Biden's position that the United States would consult its allies to restore fair trade with Beijing.

Raimondo did not commit to keeping telecom giant Huawei or other Chinese companies on the US blacklist due to allegations that they pose a risk to US national security.

She did however promise to use the powers of the commerce department "to protect Americans and our network from Chinese interference," adding: "that's Huawei, ZTE, or any other company."

During the Trump administration, the commerce department cracked down on Chinese tech companies suspected of industrial espionage or of compromising US national security.

Former commerce secretary Wilbur Ross broadened the list of companies that can't trade with US companies without a prior license, which grew to include Chinese telecom giants like Huawei and ZTE.

In December, just weeks before his departure, the Trump administration added Chinese computer chip maker Smic to the black list, limiting the company's access to high-end US technologies due to its alleged links with the Chinese military.

Comments

Comments are closed for this article.