Gina Raimondo on How European Industry Is Getting Crushed
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 6 April 2026
⏱️ 49 minutes
🧾️ Download transcript
Summary
The relationship between the US and Europe is deteriorating along both security and economic dimensions. The Trump administration has imposed tariffs, while also being sharply critical of NATO allies. So what are European leaders to do? Hope things go back to normal in the US? Or perhaps become closer with China? Our guest on this episode says the latter would be a grave mistake. This episode was recorded live on April 1 at the DC headquarters of the Council on Foreign Relations. We spoke with Gina Raimondo, now a CFR Distinguished Fellow, who previously served as the commerce secretary in the Biden Administration, and prior to that was the governor of Rhode Island. She discusses her view that European industry is being hollowed out by China, and that the only path forward is a global, unified, non-China trading bloc, which is an idea that's being thwarted by the Trump administration. We also talk about the legacy of the CHIPS Act, and her fears about AI creating mass unemployment and destabilizing our democracy.
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Transcript
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| 0:00.0 | Thanks for listening to Odd Lots. |
| 0:01.9 | Follow the show on Amazon Music for more future episodes or just ask. |
| 0:06.1 | Alexa, play the Odd Lots podcast on Amazon Music. |
| 0:12.2 | Bloomberg Audio Studios. |
| 0:14.7 | Podcasts Radio News. |
| 0:17.1 | Music. Hello, and welcome to a live episode of the live episode of the Oddlots podcast. |
| 0:33.0 | I'm Joe Wisenthall. |
| 0:34.2 | And I'm Tracy Alloway. |
| 0:35.6 | So for, I guess for listeners who are hearing us, |
| 0:38.1 | here at CFR, plenty to talk about truly do have the perfect guest with us. We're going to be |
| 0:43.8 | speaking with CFR Distinguished Fellow, Gina Raimondo, previously the Commerce Secretary, |
| 0:49.3 | previously governor of Rhode Island. So Gina, looking forward to chatting. Me too. Thank you for having me. |
| 0:55.4 | There's so much. There's so much to talk about. By the way, what's the date today? It's April |
| 0:59.8 | 1st. We always make a note of that these days. You better add in the time. Yeah. |
| 1:05.4 | 1145 because so much reliable to change by the time other people hear this episode. |
| 1:11.2 | But I want to start. |
| 1:12.4 | I saw a headline this morning. |
| 1:14.2 | President Trump, he's said to give a speech tonight related to the war in Iran. |
| 1:19.0 | And according to a report, I think it was a Reuters report. |
| 1:22.8 | He's going to criticize NATO heavily. |
| 1:25.5 | They haven't gotten involved in the war, et cetera, maybe threatened to |
| 1:28.9 | pull out of NATO yet again. And I'm curious from your perspective, you know, how thick is the ice |
... |
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