AP

Raimondo: US isn’t seeking to sever economic ties with China

Nov 30, 2022, 3:00 AM | Updated: 9:25 pm

WASHINGTON (AP) — The United States isn’t seeking to sever economic ties with China — even as Washington takes steps to protect America’s technological and military prowess from Beijing, U.S. Commerce Secretary Gina Raimondo said.

Speaking to reporters in advance of a speech Wednesday on the Biden administration’s China policy, Raimondo said: “We’re not seeking the decoupling from China. We want to promote trade and investment in areas that don’t threaten our core economic and national security interests or compromise human rights values.”

Relations between the world’s two biggest economies have chilled over the last decade, partly because the communist government in Beijing has cracked down on dissent in Hong Kong and on Muslims in the northwestern region of Xinjiang.

President Donald Trump imposed massive taxes on Chinese imports in a dispute over the strong-arm tactics — including the alleged theft of trade secrets — that Beijing has used to challenge America’s edge in technology.

The Biden administration has kept Trump’s tariffs and has stepped up a campaign to keep the Chinese from acquiring sensitive technology that could speed its military buildup. Most notable was the decision last month to block exports of advanced computer chips to China.

The administration has also sought to make the United States more competitive by investing in infrastructure and pouring more than $50 billion into the semiconductor industry.

For years, Raimondo said, the United States “pursued a policy of engagement with China,” hoping that Beijing would open its economy to foreign competition.

“But China took a different path,” she said. “China’s leaders have made it very clear they don’t plan to pursue political and economic reform and opening. Instead, they are committed to increasing the role of the state in the Chinese society and economy, constraining the free flow of capital and information. Further, they’re accelerating their efforts to fuse their economic and technology policies with their military ambitions.”

The result, she said, was that “interdependence with China introduces significant new risks for our national security.”

But Raimondo rejected the idea that the United States should seek to isolate its economy completely from China’s.

“We need to continue to do business with China,” she said. “Trade with China supports American jobs.”

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Most Americans are sleepy new Gallup poll finds...

Associated Press

Most Americans say they don’t get enough sleep, according to new Gallup poll

A new Gallup poll found that most Americans are sleepy — or, at least, they say they are. Multiple factors play into this.

2 days ago

Near-total abortion ban in Arizona dates back to Civil War era...

Associated Press

Near-total abortion ban dates back to 1864, during the Civil War, before Arizona was a state

The near-total abortion ban resurrected last week by the Arizona Supreme Court dates to 1864, when settlers were encroaching on tribal lands.

2 days ago

Tracy Toulou...

Associated Press

How to tackle crime in Indian Country? Empower tribal justice, ex-Justice Department official says

A recently retired director of the Justice Dept. says the federal government hasn't given tribal justice systems equal recognition.

3 days ago

Speaker of the House Mike Johnson...

Associated Press

House Speaker Mike Johnson says he will push for aid to Israel and Ukraine this week

House Speaker Mike Johnson said Sunday he will try to advance wartime aid for Israel this week, along with funding for Ukraine.

3 days ago

President Joe Biden speaks at a campaign rally Saturday, March 9, 2024, at Pullman Yards in Atlanta...

Associated Press

US shoots down ‘nearly all’ Iran-launched attack drones as Biden vows support for Israel’s defense

Joe Biden cut short a weekend stay at his beach house to meet with his national security team as Iran launched an attack against Israel.

4 days ago

Protesters in Phoenix shout as they join thousands marching around the Arizona state Capitol after ...

Associated Press

Abortion ruling supercharges Arizona to be an especially important swing state

A ruling this week instituting a near-total abortion ban supercharged Arizona's role, turning it into the most critical battleground.

5 days ago

Sponsored Articles

...

DESERT INSTITUTE FOR SPINE CARE

Desert Institute for Spine Care is the place for weekend warriors to fix their back pain

Spring has sprung and nothing is better than March in Arizona. The temperatures are perfect and with the beautiful weather, Arizona has become a hotbed for hikers, runners, golfers, pickleball players and all types of weekend warriors.

...

Midwestern University

Midwestern University Clinics: transforming health care in the valley

Midwestern University, long a fixture of comprehensive health care education in the West Valley, is also a recognized leader in community health care.

...

Fiesta Bowl Foundation

The 51st annual Vrbo Fiesta Bowl Parade is excitingly upon us

The 51st annual Vrbo Fiesta Bowl Parade presented by Lerner & Rowe is upon us! The attraction honors Arizona and the history of the game.

Raimondo: US isn’t seeking to sever economic ties with China