{"id":2020876,"date":"2023-09-03T14:47:01","date_gmt":"2023-09-03T18:47:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-commerce-secretary-warns-u-s-businesses-getting-impatient-with-china\/"},"modified":"2023-09-03T14:48:00","modified_gmt":"2023-09-03T18:48:00","slug":"bidens-commerce-secretary-warns-u-s-businesses-getting-impatient-with-china","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-commerce-secretary-warns-u-s-businesses-getting-impatient-with-china\/","title":{"rendered":"Biden&#8217;s Commerce Secretary cautions US firms growing restless over China."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbidens-commerce-secretary-warns-u-s-businesses-getting-impatient-with-china%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2020876&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>U.S. Businesses Frustrated with China&#8217;s\u200b Unpredictability<\/h2>\n<blockquote>\n<p>U.S. businesses are getting fed up with trying to deal with the unpredictability of <a href=\"https:\/\/www.dailywire.com\/topic\/china\">China<\/a>, according to a top <a href=\"https:\/\/www.dailywire.com\/topic\/biden-administration\">Biden administration<\/a> official.<\/p>\n<\/blockquote>\n<p>Commerce Secretary <a href=\"https:\/\/www.dailywire.com\/topic\/gina-raimondo\">Gina Raimondo<\/a>, who appeared for multiple\u2063 interviews on Sunday to talk about her recent \u2064trip to China, told <a href=\"https:\/\/www.youtube.com\/watch?v=yxtxW5uinas\">CBS News\u2019 \u201cFace the Nation\u201d<\/a> that creating a fair and competitive environment was a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-commerce-secretary-warns-u-s-businesses-getting-impatient-with-china\/\" title=\"Biden's Commerce Secretary cautions US firms growing restless over China.\">pressing\u2062 issue amid concerns<\/a> about opaque\u2064 regulations, <a href=\"https:\/\/www.ft.com\/content\/f956ab7c-7980-44e4-b2b4-5f101398e2b3\">raids<\/a> by Chinese authorities, and preserving trade secrets.<\/p>\n<p>\u201cI\u2019ll tell you, prior to going to China, I personally spoke \u200dwith more than 100 U.S.\u2064 business\u2063 leaders and labor leaders. And what they tell me is that even the \u2062ones that have been doing \u2062business in China\u2062 for decades, you know, these \u200bare sophisticated people \u2064used to dealing with the traditional concerns of, you know, IP theft or non-market practices,\u201d Raimondo said.<\/p>\n<p>\u201cThey say, it\u2019s much harder\u2062 now, right? Like China is making it more difficult because of the reasons you say the \u2014 raids, the\u200c <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-is-way-too-risky-for-american-travelers-and-businesses\/\" title=\"China poses significant risks for American travelers and businesses.\">counter-espionage law<\/a>. They are going to make a business decision to do business in other countries unless that improves. And so I was very clear with China that we need to \u2014 patience \u200dis wearing thin among American business,\u201d she added. \u201cThey need and\u2063 deserve a predictable environment and a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/brexit-trade-deal-published-as-uk-calls-for-end-to-ugly-divisions\/\" title=\"Brexit trade deal published as UK calls for end to \u2018ugly\u2019 divisions\">level playing field<\/a>. And hopefully China will heed that message so we can have a stable\u2064 [and] growing commercial relationship.\u201d<\/p>\n<p>Raimondo traveled to China last week to map out cooperation areas\u00a0in the commercial sector and address \u200d\u201cchallenges\u201d faced by U.S. \u2063businesses.<\/p>\n<p>She met with Chinese Minister of\u2062 Commerce Wang Wentao, who stressed \u2064that trade and economic relations between their countries\u200b are suitable for the world economy, according to a\u2064 readout from China\u2019s embassy\u200d in the United \u200dStates. Wang also raised concerns about issues that are a priority for Beijing, such as tariffs, semiconductor policies, and \u2063investment restrictions, per the release.<\/p>\n<p>The Biden administration recently sent another Cabinet official, <a href=\"https:\/\/www.dailywire.com\/news\/yellen-admits-to-eating-magic-mushrooms-in-china\">Treasury Secretary Janet Yellen<\/a>, to China in a bid to improve relations at a time of <a href=\"https:\/\/apnews.com\/article\/yellen-china-tensions-spy-balloon-taiwan-russia-edcb0077d45a3ffabbe4b9dbbf9fe29c\">rising tensions<\/a>.<\/p>\n<p>Raimondo said she believes her visit amounted to a\u2062 \u201cgreat deal of progress,\u201d including\u2064 the opening of\u2062 new lines of communication and an agreement to share information about export controls, though \u200cshe \u200cnoted that commercial interests need\u200b to be balanced with\u200d national security needs. The secretary claimed she confronted Chinese officials about a <a href=\"https:\/\/www.wsj.com\/articles\/chinese-hackers-spied-on-state-department-13a09f03\">hacking\u2063 campaign<\/a> that gained\u200c access to her emails, an incident she said\u2063 \u201cerodes\u201d trust.<\/p>\n<p><b data-stringify-type=\"bold\"><\/b><\/p>\n<p>Chinese officials gave \u201cverbal assurances\u201d that\u200b U.S. businesses would be treated \u201cfairly, that they will not engage in non-market practices \u2063which hurt American workers,\u201d Raimondo added. The secretary said\u200c she told her Chinese\u2062 counterparts that she wanted \u2063to see them live up to \u2064their words.<\/p>\n<p>\u201cTime will tell whether\u200c they are going to really be as they say they want to be, you know, more\u200c market-oriented \u200dand open and reform-minded when\u2063 it comes to their economy,\u200b their regulatory regime,\u201d Raimondo said. \u201cThey need to \u200dbe less arbitrary in the way they administer regulations to actually give American businesses a fair shot to compete.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. businesses are growing frustrated with China&#8217;s unpredictability, says a senior Biden official. Commerce Secretary Gina Raimondo, discussing her recent China visit, emphasized the need for a fair and competitive atmosphere during interviews on CBS News&#8217; &#8220;Face the Nation.&#8221;<\/p>\n","protected":false},"author":1588,"featured_media":2020877,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2020876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2020876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1588"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2020876"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2020876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2020877"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2020876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2020876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2020876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}