6 April 2026Policy & Regulation
Raimondo pushes CEOs toward China exit 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.
From Trump's Iran ultimatum expires Tuesday