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The Latest Breaking News from Gina Raimondo

Biden presses Congress to pass $52 bln semiconductor subsidies

Washington (AFP) - President Joe Biden on Monday pushed Congress to pass a bill providing domestic semiconductor manufacturers with $52 billion in subsidies to cut reliance on foreign sourcing for the vital component.

AFP

Biden presses computer chips case in advance of Senate vote

Calling semiconductors “the building blocks for the modern economy,” President Joe Biden is asking Congress to move quickly and send him a bipartisan bill designed to boost the computer chips industry and high-tech research in the United States

The Independent UK

Lawmakers press Commerce secretary over Big Tech ties

WASHINGTON — Two influential progressive lawmakers are raising concerns about what they say is excessive corporate influence at the Commerce Department, escalating a clash between the left wing of the Democratic Party and Commerce Secretary Gina Raimondo.

Tribune News Service

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Schumer readies vote on scaled-back computer chips bill

A bill that would provide grants, tax credits and other incentives for computer chip manufacturing may soon see action in the Senate

The Independent UK

Biden administration wants Congress to "cleave off" CHIPS funding and pass standalone bill

Negotiations on a broader China competition bill have been frozen.

Axios

Dems stress national security as computer chips bill stalls

The Biden administration and Democrats are warning of dire consequences if Congress fails to act on computer chips legislation

The Independent UK

Commerce secretary: Let’s not be 'talking ourselves' into recession

Commerce Secretary Gina Raimondo on Sunday predicted slower economic growth as the country grapples with inflation but said that won’t necessarily mean a recession, which is marked by two straight quarters of negative economic growth.

Tribune News Service

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Saudi Arabia, US Plan to Promote Promising Sectors

Saudi Minister of Commerce Majid al-Qasabi met with US Secretary of Commerce Gina Raimondo in Washington on Thursday to discuss advancing bilateral trade relations. Qasabi, who headed a delegation from the Kingdom, said the talks are part of both countries' keenness to increase coordination according to a joint action plan…

Asharq Al-Awsat

Labor unions warn Biden not to lift Trump's China tariffs — even to fight inflation

The issue has divided Biden's top advisers.

Axios

US launches plan to bring back foreign tourists

Washington (AFP) - In an effort to win back billions of dollars in tourism revenue lost during the Covid-19 pandemic, the US government on Monday launched a plan to attract 90 million international travelers a year.

AFP

Tariffs Are Adding to Inflation. Biden's Commerce Secretary Says Repealing Some 'May Make Sense.'

Tariffs imposed by President Donald Trump and kept in place by President Joe Biden are costing consumers $51 billion annually.

Reason

Biden commerce secretary shifts blame for inflation on to Russia’s war in Ukraine

Gina Raimondo’s comments seen as part of a White House push to deflect blame for nation’s economic troubles away from Biden

The Guardian - US

US Mulls Lifting Some China Tariffs to Fight Inflation

US Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden has asked his team to look at the option of lifting some tariffs on China that were put into place by former President Donald Trump, to combat the current high inflation. "We are looking at it. In fact,…

Asharq Al-Awsat

US, Taiwan Launch New Trade Pact

Biden administration officials said the U.S.-Taiwan deal would boost bilateral digital and clean energy trade and that the two partners would open talks to further technology trade and investments.

The News Lens

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AFP

Global chip shortage likely to last through 2023: US official

Washington (AFP) - The global shortage of critical semiconductors is likely to last at least through next year and perhaps longer, US Commerce Secretary Gina Raimondo warned on Tuesday.

The Hindu

Explained | What is the Indo-Pacific Economic Framework for Prosperity?

The U.S.-led economic grouping of a dozen countries representing 40 per cent of the global GDP proposes to advance resilience, economic growth, competitiveness and fairness in member countries. However, some analysts view it as a move to counter China’s growing influence in the region.

The Guardian - UK

Davos day 3: WTO says food crisis could last two more years without Ukrainian safe corridors – as it happened

Rolling coverage of the day 3 of the World Economic Forum

Bangkok Post

US unveils Asia-Pacific trade framework with Thailand among starting list of members

TOKYO: US President Joe Biden launched a new Asia-Pacific trade initiative on Monday in Tokyo, with 13 countries including India and Japan signed up, although questions about the pact's effectiveness remain.

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AFP

US unveils Asia-Pacific trade framework, but questions remain

Tokyo (AFP) - US President Joe Biden launched a new Asia-Pacific trade initiative Monday in Tokyo, with 13 countries including India and Japan signed up, although questions about the pact's effectiveness remain.

Chicago Sun-Times

Gov. Pritzker, Illinois delegation scrambling to grab federal dollars ‘owed’ due to census goof

The Census Bureau bungle deprives Republicans of a main attack line: blaming Pritzker and Democrats for Illinois population loss — since, it turns out, the population grew.

Bangkok Post

Biden to launch Indo-Pacific economic plan in next days in Japan

US President Joe Biden will launch a long-awaited economic initiative for increasing US involvement in Asia in the coming days during his trip to the region, according to one of the cabinet officials leading the initiative.

Daily Mirror

Russian troops 'using dishwashers and fridges parts to repair failing equipment'

Semiconductors, which were also known as computer chips, were the brains that operated most modern electronics - from appliances to fighter jets

The Independent UK

Biden administration to release $45B for nationwide internet

The Biden administration is taking the first steps to release $45 billion to ensure every U.S. resident has access to high-speed internet by roughly 2028

The Independent UK

Russians forced to use household appliances in military gear because of sanctions, US says

Commerce Secretary Gina Raimondo said that Putin’s forces using chips from dishwashers and refrigerators

Reuters

U.S. seeks better supply chain resilience with Southeast Asia -Raimondo

U.S. Commerce Secretary Gina Raimondo said on Thursday that the United States was looking to deepen resilience of supply chains with Southeast Asian partners.

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