Odd Lots Live at CFR: On How European Industry Is Getting Crushed

Odd Lots Live at CFR: On How European Industry Is Getting Crushed

From CFR On the Record by Council on Foreign Relations

April 10, 2026 · 48 min

About this episode

Gina Raimondo discusses the impact of China on European industry and the implications of AI on employment and democracy.

In this episode, former Commerce Secretary Gina Raimondo discusses her view that European industry is being hollowed out by China and that the only path forward is a unified global trading bloc excluding China—an idea she said is being thwarted by the Trump administration. The episode also covers the legacy of the CHIPS Act and Raimondo’s fears that artificial intelligence could create mass unemployment and destabilize democracy.Host: Joe Weisenthal, Odd Lots Co-host, Bloomberg Host: Tracy Alloway, Odd Lots Co-host, Bloomberg Guest: Gina M. Raimondo, Distinguished Fellow, Council on Foreign Relations; Former U.S. Secretary of Commerce Want more comprehensive analysis of global news and events sent straight to your inbox? Subscribe to CFR’s Daily News Brief newsletter. To keep tabs on all CFR events, visit cfr.org/event. To watch this event, please visit it on our YouTube channel: U.S.-China Relations and the Global Economy

People in this episode

Hosts: Joe Weisenthal, Tracy Alloway

Guest: Gina M. Raimondo

Topics covered

  • European industry
  • global trade
  • China
  • CHIPS Act
  • artificial intelligence
  • unemployment
  • democracy

Keywords

  • European industry
  • China
  • global trading bloc
  • CHIPS Act
  • artificial intelligence
  • mass unemployment
  • democracy

Mentioned in this episode

Organizations: Council on Foreign Relations, Bloomberg, Trump administration, CHIPS Act, YouTube

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