Today, Secretary Raimondo and other administration officials briefed bipartisan members of Congress on the economic and national security vulnerability presented by a lack of domestic semiconductor production. Raimondo’s briefing was based on the analysis below. Semiconductors power nearly every new computer, smartphone, car, and the cloud servers that underpin the world economy and even the...

Today, after experiencing mild symptoms, Secretary Raimondo tested positive for COVID using an at-home antigen test. She is fully-vaccinated and boosted, and she is confident that the vaccine has prevented her from experiencing more significant symptoms. She is sharing the news of her positive test out of an abundance of transparency. The Secretary’s office is conducting contact tracing and we are...

The U.S. Commerce Department, through its Bureau of Industry and Security (BIS), has taken additional action to degrade Russian and Belarusian defense, aerospace, maritime, and other strategic sectors in response to Russia’s brutal assault on the sovereignty of Ukraine. BIS is issuing a final rule adding 120 entities to the Entity List. Ninety-five (95) entities are being added as military end...

Today, U.S. Commerce Secretary Gina Raimondo, U.S. Energy Secretary Jennifer Granholm, and North Carolina Governor Roy Cooper applauded Vietnamese automaker VinFast’s announcement of a multi-billion dollar-investment in building electric vehicles and batteries in North Carolina. VinFast’s investment will create more than 7,000 jobs in the region and fuel American efforts to combat the climate...

Today, Secretary of Commerce Gina M. Raimondo met with Australian Minister for Trade, Tourism, and Investment Dan Tehan to launch the Australia–U.S. Strategic Commercial Dialogue (AUSSCD) , an ongoing dialogue between the Commerce Department and Australia’s Department of Foreign Affairs and Trade, jointly led by the Secretary and Minister. The Secretary thanked Minister Tehan for Australia’s...

Secretary of Commerce Gina Raimondo and Minister for Trade, Tourism, and Investment Dan Tehan met on March 30 in Washington D.C. for the inaugural Australia-U.S. Strategic Commercial Dialogue (AUSSCD). Australia and the United States have a deep and long-standing trade and investment relationship, underpinned by the Australia-U.S. Free Trade Agreement. Australia is the ninth largest source of...

Today, Commerce Secretary Gina M. Raimondo met with Singapore’s Minister for Trade and Industry Gan Kim Yong and Minister for Communications and Information Josephine Teo, who are visiting the United States as part of Prime Minister Lee Hsien Loong’s delegation. During their meeting, Secretary Raimondo and the delegation’s members discussed joint coordination efforts on the Indo-Pacific Economic...

The Memorandum of Understanding implementing the PGI was signed by Singapore’s Minister for Trade and Industry Gan Kim Yong and U.S. Secretary of Commerce Gina Raimondo in October 2021. The PGI is a bilateral economic cooperation platform designed to secure inclusive growth for our economies and regions by strengthening U.S.-Singapore collaborations in new and forward-looking areas. Under the PGI...