U.S. Secretary of Commerce Gina Raimondo today met with Minister of Commerce of the People’s Republic of China Wang Wentao to advance U.S. commercial and strategic interests. The meeting was part of ongoing efforts to deliver on President Biden’s directive following his meeting with President Xi in November 2022 to deepen bilateral discussions. Secretary Raimondo emphasized the importance of...

Yesterday, Secretary Raimondo met with the Advisory Committee on Supply Chain Competitiveness (ACSCC), the Secretary’s chief advisory body that provides recommendations to support U.S. supply chain and economic competitiveness and further the Biden-Harris Administration’s broader export, economic, and job growth goals. During the meeting, Secretary Raimondo thanked the ACSCC’s members for previous...

Today, U.S. Secretary of Commerce Gina Raimondo met with the Ambassador from the People’s Republic of China Xie Feng. They shared a productive discussion ahead of Secretary Raimondo’s upcoming trip to Beijing and Shanghai. Secretary Raimondo raised issues of importance to the United States and American businesses and workers and discussed issues relating to the U.S.- China commercial relationship...

Today, the U.S. Department of Commerce is celebrating the first anniversary of the historic CHIPS and Science Act. Signed into law by President Joe Biden, the law invests $50 billion to boost U.S. manufacturing, bring supply chains back to our shores, and protect national security. The CHIPS and Science Act will enhance the competitiveness of the American semiconductor industry to reduce reliance...

Today, the Department of Commerce’s National Telecommunications and Information Administration (NTIA) awarded nearly $5.5 million in the first round of grants from the Public Wireless Supply Chain Innovation Fund. The $1.5 billion Wireless Innovation Fund supports the development of open and interoperable wireless networks as part of the Biden-Harris Administration’s Investing in America agenda...

The Capital Readiness Program represents the Commerce Department’s largest investment in support of underserved entrepreneurs. Today, Vice President Harris announced the recommended awardees for the MBDA Capital Readiness Program. The Capital Readiness Program is a $125 million technical assistance program to help underserved entrepreneurs grow and scale their businesses. Once final awards are...

Secretary Gina Raimondo met with Panama’s National Secretary of Science, Dr. Eduardo Ortega-Barria and Minister of Commerce and Industry Federico Alfaro to explore how to promote a competitive business environment that achieves social and economic goals. They highlighted opportunities for collaboration in the semiconductor sector to diversify and strengthen supply chains. The leaders also explored...

Attorney General Merrick B. Garland hosted Secretary of Commerce Gina Raimondo and European Commissioner for Justice Didier Reynders for a meeting at the Justice Department today marking the European Union (EU)’s recognition of the adequacy of the EU-U.S. Data Privacy Framework (DPF). “The DPF is a testament to the strength of the U.S.-EU relationship, and it reflects our joint commitment to...