Gina Raimondo on How European Industry Is Getting Crushed | Odd Lots

The conversation centers on the complex relationship between the U.S., Europe, and China, particularly regarding technology, trade, and economic security. Gina Raimondo, CFR Distinguished Fellow and former Commerce Secretary, argues that strained U.S.-Europe relations hinder the ability to compete with China, whose economic practices threaten Europe's industrial base. She highlights China's surge in exports to Europe, potentially crushing German industries through subsidized products. Raimondo advocates for allied cooperation to diversify supply chains and criticizes Europe's anemic technology ecosystem, while also addressing the potential for AI to exacerbate economic inequality and social unrest in the U.S., emphasizing the need for proactive policies and incentives to manage the transition. The discussion also covers the CHIPS Act and its implications for U.S. semiconductor manufacturing.