Officials from the two countries, who have agreed to meet regularly, gathered to discuss economic policy.
Category: Commerce Department
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Commerce Secretary Gina Raimondo Walks a Tightrope in China
Commerce Secretary Gina Raimondo has kicked off her China tour, calling for “stable” trade relations even as both countries continue to chip away at them.
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Biden Incentives for Foreign Investment Are Benefiting Factories
Early data suggest laws to increase semiconductor production and renewable energy technology have shifted the makeup of foreign direct investment — but not increased it.
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Commerce Secretary Gina Raimondo to Visit China Next Week
The trip by Gina Raimondo, the secretary of commerce, comes at a tense moment for the U.S.-China relationship and the Chinese economy.
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Indiana Tests if the Heartland Can Transform Into a Chip Hub
The state has little experience with semiconductors, but the Biden administration has promised to unleash opportunity in “the heartland of America” through the $52 billion CHIPS Act.
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GDP Grew at 2.4% Rate in Q2 as US Economy Stayed on Track
The reading on gross domestic product was bolstered by consumer spending, showing that recession forecasts early in the year were premature, at least.
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U.S. Blacklists Two Spyware Firms Run by an Israeli Former General
The moves by the Commerce Department against the Europe-based firms are the latest effort to rein in a spyware industry that has spiraled out of control in recent years.
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GDP Revision Shows Bigger US Economic Growth in Q1
Government data showed that G.D.P. rose at a 2 percent rate in the first quarter, better than initially reported.
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White House Reportedly Weighs New A.I. Export Limits
Shares in the semiconductor giants Nvidia and AMD fell on a report that the Biden Administration is weighing new restrictions on A.I.-related exports.
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China’s Cloud Computing Firms Raise Concern for U.S.
The Biden administration is exploring whether it can mount a campaign against Chinese tech giants like Alibaba and Huawei, potentially fueling tensions with Beijing.
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Saudi Arabia Cuts Oil Production to Boost Prices
Brent crude rose on Monday after the world’s biggest oil producer announced it would be the lone OPEC Plus member to cut production next month.
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Consumer Spending Rose More Than Expected in April
New data on spending and income suggest that the economy remains robust despite the Federal Reserve’s interest rate increases.