Firm Linked To Top Biden Advisor Is Lobbying To Soften US Trade Policy Towards China

A consulting firm co-founded by Joe Biden’s incoming White House counselor registered in August to lobby for a tech company regarding U.S. trade policy with China, which is likely to remain a hot-button issue in the Biden administration.

Applied Materials, a California-based semiconductor materials manufacturer, hired Ricchetti Incorporated in August to lobby Congress on China-related matters, according to lobbying disclosure reports filed with Congress.

Steve Ricchetti, the Biden adviser, and his brother, Jeff Ricchetti, founded Ricchetti Inc. in 2001.

Jeff Ricchetti is listed as a lobbyist for Applied Materials in the disclosures filed with Congress.

The lobby shop took in $40,000 in the third quarter of this year to lobby the House and Senate on “issues related to US-China relations and potential impact on commercial relationships,” according to a lobbying disclosure report filed on Nov. 6.

Steve Ricchetti’s financial ties to the company he founded are not clear. He has not registered as a lobbyist for the firm since 2010 before he began working as chief of staff to then-Vice President Joe Biden.

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