maaxx.ca

Washington: US Commerce Secretary Gina Raimondo has warned China that the patience of the US business community is running out. He stressed that American businesses deserve a predictable environment and equal competition.

Launch Asia News Channel, Tuesday, September 5, 2023, the two countries with the world’s largest economies were once each other’s largest trading partners. However, Washington now trades more with its neighbors Canada and Mexico, while Beijing trades more with Southeast Asia.

During his recent trip to China, Raimondo said there is a strong desire among U.S. companies to make this relationship work and that while some actions by the Chinese government have been positive, the situation on the ground needs to be as it should be. height of speech.

“China is making things more and more difficult. I’m very clear with China that we have to do this – American companies’ patience is wearing thin. They need and deserve a predictable environment and a level playing field,” Raimondo said on CBS’ Face the Nation.

“And I hope that China will heed this message so that we can have a growing and stable trade relationship,” he added.

American businesses face new challenges

Raimondo said U.S. businesses face new challenges, including large, unexplained fines, raids on businesses and changes to counterespionage laws.

“I have been very clear, direct and firm in all my conversations with my Chinese counterparts. I have not done anything. I have not watered down anything,” Raimondo said.

Additionally, Raimondo admitted to telling Chinese authorities that his email had been hacked before his trip to China in late August. “They said they didn’t know about it and it wasn’t intentional,” he said.

“But I think it’s important for me to talk about it and let them know that it’s hard to build trust when you do things like that,” he said.