While U.S. House Speaker Kevin McCarthy’s meeting with Taiwanese President Tsai Ing-wen today is angering Beijing, a key House panel will discuss with several American companies about China’s growing influence on their industries.
While U.S. House Speaker Kevin McCarthy’s meeting with Taiwanese President Tsai Ing-wen at the Ronald Reagan Presidential Library in Southern California today is angering Beijing, a key House panel’s discussions this week with several American companies about China’s growing influence on their industries is also likely to ruffle feathers in the world’s second-biggest economy.
On Thursday, the committee members are slated to meet in the Bay Area with Microsoft Corp. MSFT, -0.95% President Brad Smith, executives from Alphabet Inc. GOOG, -0.19% GOOGL, -0.29% and Palantir Technologies Inc. PLTR, -4.01%, and other tech-industry figures, and they are due to talk on Friday with Apple Inc. AAPL, -1.48% CEO Tim Cook, according to multiple published reports.
Gallagher said in a radio interview in January that “Big Tech has to confront the growing suspicion about their allegiances” and referred to “greedy executives in Hollywood.” He also promised to have Iger and NBA Commissioner Adam Silver testify before his panel. This month, the congressman has been among the U.S. lawmakers highlighting security concerns over the technology in cargo cranes made by Shanghai Zhenhua Heavy Industries Co. 600320, +0.51%, also known as ZPMC.
Both Democrats and Republicans appear increasingly eager to take a firm stand against Beijing. Signs of that came last month when TikTok’s CEO was grilled at a Capitol Hill hearing, as well as in January when the narrowly divided House voted overwhelmingly in favor of setting up the Select Committee on the CCP .
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