The economic relationship between the US and China is mutually beneficial and opening lines of communication is key to maintaining it, US Commerce Secretary Gina Raimondo told CNN’s Dana Bash on Sunday.
Raimondo concluded a four-day visit to the world’s second-largest economic power last week. She is the fourth cabinet member to visit China this year and the first commerce secretary to visit China in five years. The crux of her trip was engaging in an open dialogue while maintaining a tough stance. “We know for a fact that not talking leads to escalation, miscalculation and misunderstanding, which is bad for the American people,” she said on CNN’s “State of the Union.
China hit back earlier this summer with its own export controls on gallium and germanium, raw materials essential for producing chips. But during her China visit, Raimondo was clear the US does not want to completely decouple from China when it comes to these semiconductors and chips. “We ship billions of dollars of semiconductors every year to China. That is good for the American economy and American businesses and we will continue to do that,” she said.
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