Raimondo currently serves as the governor of the US state of Rhode Island and will have to resign in order to assume the new position. In the period 2018-2019, Raimondo chaired the Democratic Governors Association.
The new Secretary of Commerce is expected to be sworn in on Wednesday.
Raimondo, 49, is a former venture capitalist. During her confirmation hearing in January, she promised to use all tools to ensure a playing level field for American workers with respect to dealing with China.