Raimondo: Opposing Chip Spending Is What China Wants -- 'Could Be' Time to Lift China Tariffs, Which Won't Have 'Huge Impact' on Inflation

Raimondo: Opposing Chip Spending Is What China Wants — 'Could Be' Time to Lift China Tariffs, Which Won't Have 'Huge Impact' on Inflation


On Thursday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Commerce Secretary Gina Raimondo argued that Republicans opposing spending on semiconductor legislation after Democrats unveiled a reconciliation deal, “is exactly what China would want.” And that it “could be” time to lift tariffs on China, a move that is “not going to have a huge impact on overall inflation. What it will do, potentially, is lower the prices on certain consumer goods that we currently import from China.”

Raimondo stated, “It’s politics and it’s unfortunate. You shouldn’t play politics with our country’s national security. Frankly, they are playing into China’s hand. This is exactly what China would want. It’s frustrating. Republicans with whom I spoke yesterday, they were solid yes votes, are getting afraid. And they may

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