Commerce Secretary Gina Raimondo says Donald Trump is a president-elect who for all of his aggressive talk is afraid to let America compete with the rest of the world, responding instead with tariffs and curtailing immigration.

"Marketplace" host Kai Ryssdal does an "exit interview" with Commerce Secretary Gina Raimondo. They talk AI, tariffs and more.

President Joe Biden's outgoing administration plans to finalize rules next week cracking down on Chinese vehicle software and hardware, U.S. Commerce Secretary Gina Raimondo told Reuters.

As part of a crackdown on vehicle software and hardware from China, the Biden Administration has finalized its rules for banning Chinese EVs in the US market.

The U.S. is imposing some of its strongest measures yet to limit Chinese advances in AI, aiming to block backdoors in other countries that Beijing could use to access technology.

China’s chips lag “years behind,” U.S. Secretary of Commerce Gina Raimondo told 60 minutes in April. While U.S. export controls curtail China’s access to the most cutting-edge semiconductors, they still allow the sale of less powerful chips.

The US on Monday unveiled new export rules on advanced computing chips used for artificial intelligence, further curbing China's access to the technology.

The United States unveiled further export controls Wednesday on advanced computing semiconductors, boosting due diligence requirements for businesses as it seeks to prevent diversion of tech to China despite existing restrictions.

The Biden administration has issued new restrictions on the export of US-developed computer chips that power artificial intelligence (AI) systems, in a final effort to prevent rivals like China from accessing the advanced technology,

New AI tech regulations are designed to enhance national security, but have been branded as a competition stifling measure to keep the US ahead.

The new rules will take effect in 120 days, said Commerce Secretary Gina Raimondo, giving the incoming administration of President-elect Donald Trump time to potentially make

The Biden administration is proposing a new framework for exporting of advanced computer chips used to develop ai, an attempt to balance national security concerns with economic interests.