Gina Raimondo

Former Commerce Secretary Gina Raimondo highlighted Europe's industrial policy struggles at a CFR event, noting the continent's $250 billion clean energy investment pales against America's $370 billion commitment through the Inflation Reduction Act. Europe faces "very different policies and approaches" across member states on energy transition speed, creating coordination challenges the US federal system avoids. Russia's Ukraine invasion has accelerated Europe's renewable push, but Raimondo's analysis suggests fragmented execution may undermine competitiveness against America's coordinated industrial strategy.

US Commerce Secretary Gina Raimondo told the Atlantic Council that CEOs with decades-long China operations are increasingly considering pullouts due to Xi Jinping's authoritarian shift and tougher business climate. She's urging companies to relocate to US-aligned partners via the Indo-Pacific Economic Framework, emphasizing shared tech standards and rule of law over China's influence in Africa and the Global South. Raimondo envisions the US producing 1 million more engineers annually and 150,000 new manufacturing jobs while building hundreds of chip startups to reduce Taiwan dependence.