During an exclusive interview with CNBC’s Eunice Yoon on Tuesday, U.S. Commerce Secretary Gina Raimondo expressed the possibility of Chinese electric cars being driven on U.S. roads, provided that stringent government regulations are implemented concerning the vehicles’ software and sensors.
Raimondo highlighted the potential for Chinese electric vehicles to enter the U.S. market, emphasizing the need for rigorous controls and conditions surrounding the software and sensors utilized in these cars.
She underlined the importance of protecting American citizens from potential threats posed by data collection, particularly in vehicles equipped with driver-assist software and integrated entertainment systems.
The Department of Commerce had announced an investigation into the national security implications of imported “connected vehicles” from China, reflecting concerns regarding data privacy and security. Raimondo asserted that safeguarding the American populace from the perceived risks associated with Chinese-made cars is paramount, regardless of where the vehicles are manufactured.
Responding to assertions from China’s Foreign Ministry that the Chinese government does not engage in data collection activities abroad, Raimondo maintained the necessity of vigilance in safeguarding sensitive data transmitted through vehicles.
In addition to concerns about data security, Raimondo addressed legislative efforts aimed at mitigating potential risks posed by Chinese-owned platforms such as TikTok. She expressed support for measures, including potential bans, to address security concerns associated with such applications.
During her visit to the Philippines, where she led a delegation of senior executives from U.S. businesses and non-profit organizations, Raimondo emphasized efforts to strengthen U.S. partnerships in Southeast Asia. The delegation announced over $1 billion in recent or planned investments in the Philippines, signaling a commitment to bolstering economic ties in the region.
Secretary of the Department of Trade and Industry Alfredo E. Pascual welcomed U.S. efforts to secure supply chains, noting the importance of maintaining a balance between partnerships with various countries while enhancing economic collaboration with the United States.
Highlighting investments from companies such as Google, Mastercard, and Microsoft in the Philippines, Raimondo emphasized the goal of positioning the U.S. as the preferred partner for businesses in the region.
Sol-Go, a U.S.-based solar panel company, was cited as an example of ongoing investment in the Philippines, with plans to establish a new factory in a free trade zone. Scott McHugo, CEO and chairman of Sol-Go, underscored the company’s commitment to expanding its presence in the Philippines, citing existing relationships with local manufacturers as a driving factor behind the investment decision.
Looking ahead, McHugo expressed openness to considering investments in other countries, including China, following the completion of ongoing projects in the Philippines.
