Gina Raimondo Highlights Struggles of European Industry

Former U.S. Commerce Secretary Gina Raimondo addressed the difficulties confronting European industry during a Bloomberg Television interview on the sidelines of the Bloomberg New Economy Forum in Singapore on November 21, 2025. Raimondo's comments come amid broader discussions about the economic landscape in Europe, where industrial sectors are grappling with a range of pressures. Raimondo highlighted the competitive challenges European industries face, pointing to factors that are impacting their ability to thrive in a global market. The former commerce secretary's insights reflect growing concerns about the sustainability of European manufacturing and the need for strategic adjustments to remain viable. The discussion took place during the Bloomberg New Economy Forum, an event that brings together global leaders to explore economic trends and policy developments. Raimondo's remarks are likely to contribute to the ongoing dialogue about the future of European industry and the policy measures required to support it. While Raimondo did not provide specific data or figures, her comments align with broader observations about the economic pressures facing Europe. The sentiment expressed in her interview may influence market perceptions, particularly for sectors such as industrials and consumer discretionary, which are already under scrutiny. The event in Singapore, organized by Bloomberg Media Group, serves as a platform for high-level discussions on economic challenges and opportunities. Raimondo's participation and comments are expected to be part of a larger conversation about global economic strategies and their implications for different regions.