US Commerce Secretary Gina Raimondo recently suggested the possibility of allowing Chinese electric cars on US roads under strict government controls on software and sensors. This proposal comes amidst growing concerns about data collection from Chinese-made vehicles, prompting the Department of Commerce to investigate potential national security risks posed by these "connected vehicles."
Raimondo's statements also included expressions of support for legislation aimed at mitigating risks from Chinese-owned apps such as TikTok, with a potential consideration of a ban on these platforms to safeguard American interests. Highlighting US efforts to secure crucial supply chains, particularly in the semiconductor industry, Raimondo noted significant progress in bolstering domestic manufacturing capabilities.
During a visit to the Philippines, Raimondo led a delegation of 22 senior executives from US businesses, announcing investments exceeding $1 billion in the country. These investments underscore the commitment of US companies like Google, Mastercard, Microsoft, and Sol-Go to expanding their presence in the Philippines, with a specific focus on enhancing economic ties.
Secretary of the Philippines' Department of Trade and Industry, Alfredo E. Pascual, acknowledged the importance of US initiatives to secure supply chains while emphasizing that China remains a critical trading partner for the Philippines. Raimondo echoed these sentiments, stating that US engagement with countries like the Philippines aims to position American companies as the "partner of choice" without specifically targeting China.
One notable investment highlighted during Raimondo's visit was Sol-Go, a US-based solar panel company that is set to establish a new factory in the Philippines to cater to global markets. Sol-Go's decision to select the Philippines over other potential locations like Vietnam and Turkey reflects the country's attractiveness as an investment destination. Additionally, Sol-Go's CEO hinted at potential future investments in China post their Philippine venture, underscoring the company's commitment to exploring diverse market opportunities.
Overall, Raimondo's visit to the Philippines not only highlighted the flourishing economic ties between the two nations but also shed light on the evolving dynamics of US-China relations within the context of emerging technologies and supply chain security. As the US continues to navigate these complex geopolitical landscapes, the significance of fostering strategic partnerships with countries like the Philippines remains paramount to advancing mutual economic interests while upholding national security priorities.