Some progressive groups have protested against me. Raimondo’s choice and argued that Biden’s government should rather look at a populist democrat. In an announcement on January 6, the Revolving Door Project and Demand Progress Mrs. Raimondo was criticized as a “corporate insider” who locked up corporate liability protection but stripped Rhode Island of low-income financing during the pandemic.
The presidential transition
A progressive Democrat can exercise the powers of the Department of Commerce to combat climate change, curb pharmaceutical patents and reduce drug costs, reform the census process to reduce aging, and trade policy that will help working families, the statement said.
Some critics have asked if Ms. Raimondo has the technical background to design and execute a strategy to meet technological challenges from China. In addition to denying deindustrialization and promoting business in Rhode Island, she did have first-hand experience with China’s economic challenges: her father was fired when the watch factory where he worked in Providence, RI moved to China.
Historically, the choice of a trade secretary has sometimes had more to do with patronage than strategy, and some administrations in the past have appointed a wealthy donor to the post. But given the growing importance of U.S. competition with China, trade experts say, the position demands someone with expertise who can understand the latest technologies that regulate the department and balance the competitive demands of business promotion and national security.
Michael Smart, managing director and trading expert at Rock Creek Global Advisors, said much of the Biden government’s ‘affirmative action in response to China’, which includes efforts to make the US economy more competitive, will be within the jurisdiction of the department of trade falls. .
William Reinsch, the Scholl Chair in International Operations at the Center for Strategic and International Studies, said Mr. Biden and his team have placed great emphasis on competing more effectively with China, including efforts to complement U.S. industry led by the Department of Commerce.
If you’re in a race, there are only two ways to win. “One is to travel with the other man, and the other is to run faster,” he said. Reinsch said. “And to Biden’s credit, he’s really set on running faster.”