Commerce Secretary Gina Raimondo didn’t hide her objectives in an interview just prior to the first meeting of the newly constituted U.S.-Europe Transatlantic Trade and Technology Council (TTC) which concluded in Pittsburgh today. She said the U.S. needs to cooperate with its ally Europe in order to slow the “footsteps'’ of China in its innovation drive. “America is most effective when we work with our allies,” Raimondo told CNBC’s Kayla Tausche in an exclusive interview. “If we really want to slow down China’s rate of innovation, we need to work with Europe.”
“We have to work with our European allies to deny China the most advanced technology so that they can’t catch up in critical areas like semiconductors,” Raimondo stressed, saying that the Biden administration plans to deepen cooperation with Europe on export controls. “We want to work with Europe, to write the rules of the road for technology, whether it’s TikTok or artificial intelligence or cyber.”
