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☆ Rep. Krishnamoorthi: Hope ByteDance sells TikTok so it can continue operating in the U.S.
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Krishnamoorthi: Hope ByteDance sells TikTok so it can continue operating in the U.S.House Select Committee on China Ranking Member Rep. Raja Krishnamoorthi (D-Ill.) joins 'Squawk Box' to discuss the fate of TikTok after the passage of the TikTok bill in Congress, the national security threat posed by the social media platform, and more.

Persons: Hope ByteDance, Raja Krishnamoorthi, TikTok Organizations: China Locations: U.S

☆ Rep. Raja Krishnamoorthi talks congressional report on China's role in U.S. fentanyl epidemic
▼ + stars: | 2024-04-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Raja Krishnamoorthi talks congressional report on China's role in U.S. fentanyl epidemicHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Raja Krishnamoorthi, Brian Sullivan, “ Organizations: Rep, CNBC

☆ White House urges Senate to 'move swiftly' on TikTok bill as lawmakers drag their heels
▼ + stars: | 2024-03-17 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

White House national security adviser John Kirby said Sunday that the Senate should swiftly advance a bill that would force Chinese technology company ByteDance to sell TikTok. The bill passed in the House with overwhelming bipartisan support. The bill passed in a 352-65 House vote on Wednesday. Senate Majority Leader Chuck Schumer, D-N.Y., has made clear that he is in no rush on the TikTok bill. The TikTok bill has also sparked debate outside of Capitol Hill.

Persons: John Kirby, We're, Kirby, Joe Biden, Mike, Gallagher, Raja Krishnamoorthi, Chuck Schumer, Schumer, Bill Cassidy, Ben Cardin, Cardin, Donald Trump, Trump, Mike Pence, Pence Organizations: Foreign, Capitol, White House, Chinese Communist Party, Senate, U.S, Wisconsin Republican, CBS, Press, GOP, Facebook Locations: Washington , U.S, American, China, U.S, D, Capitol Hill, TikTok

☆ These 50 Democrats and 15 Republicans voted against a bill that could lead to a TikTok ban
▼ + stars: | 2024-03-13 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

The House overwhelmingly passed a bill on Wednesday that could lead to TikTok being banned. 50 Democrats and 15 Republicans voted against it. AdvertisementThe House of Representatives overwhelmingly passed a bill on Wednesday that could lead to TikTok being banned in the United States. The "Protecting Americans from Foreign Adversary Controlled Applications Act" easily cleared the chamber by a lopsided 352-65 vote, with 50 Democrats and 15 Republicans voting against the bill. @RepMTG on TikTok bill: "I rise today as the only member of Congress that has ever been banned by social media...Twitter banned me..

Persons: Jasmine Crockett, —, ByteDance, Abigail Spanberger, Raja Krishnamoorthi, weren't, Alexandria Ocasio, Mark Pocan, Maxwell Frost of Florida, Frost, Krishnamoorthi, Donald Trump, backhandedly, Marjorie Taylor Greene, Mark Zuckerberg, Joe Biden's, Andy Biggs, Arizona Dan Bishop of, Carolina Warren Davidson of Ohio John Duarte, California Matt Gaetz, Florida Marjorie Taylor Greene, Georgia Clay Higgins, Nancy Mace, Carolina Thomas Massie, Tom McClintock, California Alex Mooney, West Virginia Barry Moore, Alabama Scott Perry, David Schweikert, Arizona Greg Steube Organizations: Democratic, Service, Foreign, Energy, Commerce, Facebook, Republican, Twitter Locations: United States, Texas, Virginia, Beijing, Illinois, Alexandria, Cortez, Wisconsin, Georgia, Carolina, California, Florida, West, Arizona

☆ U.S. spy chief 'cannot rule out' that China would use TikTok to influence U.S. elections
▼ + stars: | 2024-03-13 | by ( ) www.cnbc.com time to read: +1 min

China could use social media app TikTok to influence the 2024 U.S. elections, U.S. Director of National Intelligence Avril Haines told a House of Representatives intelligence committee hearing on Tuesday. China could use social media app TikTok to influence the 2024 U.S. elections, U.S. Director of National Intelligence Avril Haines told a House of Representatives intelligence committee hearing on Tuesday. Asked by Democratic Representative Raja Krishnamoorthi if China's ruling Communist Party, or CCP, would use TikTok to influence the elections, Haines said: "We cannot rule out that the CCP would use it." Krishnamoorthi is also the ranking Democrat on the House select committee on China. The House is due to vote on Wednesday under fast-track rules that require two-thirds of members to vote "yes" for the measure to win passage.

Persons: National Intelligence Avril Haines, Raja Krishnamoorthi, Haines, Mike Gallagher, ByteDance, Joe Biden Organizations: National Intelligence, Democratic, Communist Party, CCP, Republican, Senate Locations: China

☆ House passes bill that could lead to a TikTok ban; fight shifts to the Senate
▼ + stars: | 2024-03-13 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +1 min

The House approved a bill Wednesday that calls for China tech giant ByteDance to divest TikTok or the popular social video app will effectively be banned in the U.S. The measure passed with a resounding 352-65 vote and with one member voting present. Two days later, House members on the Energy and Commerce Committee voted unanimously to approve the bill, which refers to TikTok as a threat to national security because it is controlled by a foreign adversary. The bill now heads to the Senate where it faces an uncertain future as senators appear divided about the legislation, and other federal and state-led efforts to ban TikTok have stalled. "This process was secret and the bill was jammed through for one reason: it's a ban," a TikTok spokesperson said after the vote was passed.

Persons: Mike Gallagher, Raja Krishnamoorthi, Joe Biden, Karine Jean, Pierre, Jean Organizations: U.S, Foreign, Chinese Communist Party, Energy, Commerce, White Locations: China, TikTok

☆ The TikTok ban is headed to a vote in the House. Here's what to know.
▼ + stars: | 2024-03-12 | by ( Madison Hall | ) www.businessinsider.com time to read: +4 min

A bipartisan group of representatives introduced a bill on March 5 to effectively ban TikTok. The House is set to vote on the legislation on Wednesday, where it's expected to pass. The bill has faced criticism from advocacy groups, TikTok fans, and former President Donald Trump. AdvertisementThe House of Representatives is set to vote Wednesday on a bipartisan-supported bill that could decide the future of TikTok. If this bill or a similar one passes through Congress, President Joe Biden has already said he'll sign it into law.

Persons: Donald Trump, —, Mike Gallagher, Raja, " Gallagher, we've, Zuckerschmuck, ByteDance, Jeff Yass, GOP Sen, Todd Young, Joe Biden Organizations: Service, Facebook, Susquehanna International Group, Trump, New York Times, Republican, Democratic, GOP, Center for Democracy & Technology, American Civil Liberties Union, Electronic Frontier Foundation Locations: United States, TikTok, Yass, Congress

☆ TikTok leaders are pretty surprised that a bill to ban TikTok is zooming through Congress: report
▼ + stars: | 2024-03-11 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Read previewA bill to ban TikTok in the US is speeding through Congress and has caught the social media platform off guard, The Wall Street Journal reported. A TikTok spokesperson told Business Insider it expects the bill to pass, saying it had a "predetermined outcome." Others, like former President Donald Trump and Elon Musk, have also weighed in, expressing their opposition to a TikTok ban. The movement to ban TikTok in the US has been pushed by legislators who believe the company will hand over user data to the Chinese government. AdvertisementIn response to the House bill, TikTok went on the offensive and urged its users to contact their representatives to let them know they opposed it.

Persons: —, Mike Gallagher, Raja Krishnamoorthi, Joe Biden, Biden, Rand Paul, Lindsay Graham, Donald Trump, Elon Musk, Paul, TikTok, Sen, Ed Markey, Bobby Kotick, ByteDance, Zhang Yiming, Kotick, Sam Altman Organizations: Service, Street Journal, Republican Rep, Democratic Rep, Business, House Energy, Commerce, Senate, Associated Press, Elon, Google, Big Tech, Activision, Journal, Kotick, BI Locations: Wisconsin, Illinois, United States, TikTok

☆ TikTokers are enthusiastically joining the app's call to wage war on Congress over a potential ban
▼ + stars: | 2024-03-08 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

The proposed bill would force ByteDance to sell TikTok or face a nationwide ban. AdvertisementTikTokers have enthusiastically answered the app's call to bombard members of Congress with calls and messages in an effort to prevent the platform from being banned in the US. AdvertisementA TikTok spokesperson told Business Insider the legislation has a "predetermined outcome," which is a total ban of TikTok in the US. The state of Montana, for instance, banned TikTok entirely in 2023. An increasing number of states have also made the decision to ban TikTok on government-issued devices.

Persons: ByteDance, —, TikTokers, Mike Gallagher, Raja Krishnamoorthi, Trump, TikTok, Jamaal Bowman, Ben Stanley, Mary Miller, Shira, Meta Organizations: Service, Republican Rep, Democratic Rep, Energy, Commerce, New, YouTube, Centre for Digital Citizens, Northumbria University, Facebook, Universal Music Group Locations: Wisconsin, Illinois, Montana, Austin, China, Cambridge, Brexit

☆ TikTok: House panel unanimously approves bill that could ban app from US app stores
▼ + stars: | 2024-03-07 | by ( Brian Fung | ) edition.cnn.com time to read: +11 min

If enacted, the bill would give ByteDance 165 days, or a little more than five months, to sell TikTok. The legislation also has the support of the White House and House Speaker Mike Johnson. House lawmakers voted unanimously in the same session Thursday to advance a second bill, one that would limit US companies’ ability to sell Americans’ personal information to foreign adversaries. Speaking to reporters on the Capitol steps Thursday, Gallagher rejected characterizations of the bill as a TikTok ban. A legislative factsheet from the sponsors of the House bill claims the proposal does not censor speech.

Persons: ”, TikTok, Shou Chew, Cathy McMorris Rodgers, Frank Pallone, “, ” Pallone, Shou Zi Chew, Jose Luis Magana, Mike Gallagher, Raja Krishnamoorthi, Mike Johnson, Steve Scalise, Washington Sen, Maria Cantwell, ” Cantwell, Gallagher, “ It’s, Dan Crenshaw, It’s, ” Crenshaw, snoop, ByteDance, Trump, Tom Williams, —, “ We’re, Jenna Leventoff, Stephanie Joyce, ” CNN’s Haley Talbot, Melanie Zanona Organizations: Washington CNN, TikTok, House Energy, Commerce, Apple, Google, “, Washington Republican, New, New Jersey Rep, Capitol, Wisconsin Republican, Illinois Democratic Rep, White, Senate, Democratic, Washington, CNN, Chinese Communist Party, Texas Republican, Oracle, American Civil Liberties Union, ACLU, Computer and Communications Industry Association, Foreign Locations: China, New Jersey, Washington, United States, Beijing, State, Rayburn, Montana

☆ U.S. lawmakers push for ByteDance to divest TikTok or face ban
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: +3 min

A bipartisan group of U.S. lawmakers introduced legislation on Tuesday to give China's ByteDance about six months to divest popular short video app TikTok or face a U.S. ban, seeking to tackle national security concerns about its Chinese ownership. Sopa Images | Lightrocket | Getty ImagesA bipartisan group of U.S. lawmakers introduced legislation on Tuesday to give China's ByteDance about six months to divest popular short video app TikTok or face a U.S. ban, seeking to tackle national security concerns about its Chinese ownership. The bill is the first significant legislative move in nearly a year toward banning or forcing ByteDance to divest the popular app, after senate legislation to ban it stalled in Congress last year in the face of heavy lobbying by TikTok. The bill would give ByteDance 165 days to divest TikTok, which is used by more than 170 million Americans, or make it unlawful for app stores run by Apple , Google and others to offer TikTok or provide web hosting services to apps controlled by ByteDance. "This bill is an outright ban of TikTok, no matter how much the authors try to disguise it," a company spokesperson said on Tuesday.

Persons: ByteDance, Mike Gallagher, Raja Krishnamoorthi, Gallagher, Biden, TikTok, Cathy McMorris Rodgers Organizations: Representatives, Chinese Communist Party, Apple, Google, National Security, American Civil Liberties Union, Energy, Commerce Locations: U.S, China, United States, TikTok

☆ TikTok faces more heat in Washington, as House members introduce legislation demanding ByteDance divestiture
▼ + stars: | 2024-03-05 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

The bill says TikTok is controlled by a foreign adversary and poses a threat to U.S. national security. Earlier attempts to ban TikTok in the U.S. appear to have stalled, leaving some states like Montana to try and impose their own bans. The Pew Research Center released a survey in December showing that support for a U.S. government ban on TikTok is declining. The survey showed that 38% of U.S. adults support a TikTok ban as of October compared to 50% in March. WATCH: The Biden campaign joins TikTok, despite ban on app on government phones.

Persons: Mike Gallagher, Raja Krishnamoorthi, Gallagher, ByteDance, Shou Zi Chew, Joe Biden, Donald Trump, TikTok, Biden's, Z Organizations: Lawmakers, TikTok, U.S, Chinese Communist Party, Apple, Google, Pew Research Center, Biden Locations: U.S, TikTok, Washington ,, United States, Montana

☆ Rep. Gallagher: China'a strategy is to pit Americans against each other and stoke internal tensions
▼ + stars: | 2024-02-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Gallagher: China'a strategy is to pit Americans against each other and stoke internal tensionsHouse Select Committee on China Chairman Rep. Mike Gallagher (R-Wis.) and Ranking Member Rep. Raja Krishnamoorthi (D-Ill.) join 'Squawk Box' to discuss the pair's recent trip to Taiwan, how to combat the auto competition by China, state of politics in Washington, and more.

Persons: Gallagher, Mike Gallagher, Raja Krishnamoorthi Locations: China, Taiwan, Washington

☆ Fate of U.S. aid to Ukraine package discussed on Taiwan trip, lawmakers say
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: +2 min

The Republican Speaker of the U.S. House of Representatives, Mike Johnson, has so far blocked passage of the bill that includes $60 billion in new funding for Ukraine. Former Republican President Donald Trump opposes aid for Kyiv. "Every single meeting we had in Taiwan focused on Ukraine for at least part of the meeting. The lawmakers meetings in Taipei included President Tsai Ing-wen and president-elect Lai Ching-te, who won election last month and takes office in May. The committee's chair, Republican Congressman Mike Gallagher who is leading the delegation Krishnamoorthi is on, said what happened to Ukraine mattered to Taiwan.

Persons: Mike Gallagher, Han Kuo, Sam Yeh, Mike Johnson, Donald Trump, Krishnamoorthi, Putin, Xi, Vladimir Putin, Tsai Ing, Lai Ching Organizations: of, Kuomintang, KMT, Afp, Getty, U.S, Republican, U.S . House, Ukraine, Kyiv, Democratic Locations: Taipei, China, Taiwan, U.S, Ukraine

Taipei, Taiwan CNN —American support for Taiwan will continue no matter who wins the upcoming US election, House Rep. Mike Gallagher told an audience in the democratic island on Thursday, as tensions simmer between Taipei and Beijing. “I’m confident regardless of how the presidential election goes, we will maintain our support not only for Taiwan but also a posture of internationalism and engagement,” Gallagher told reporters in the capital Taipei. Gallagher said American efforts to support Ukraine’s defense against Russia’s invasion were also critical to deterring Beijing from using force against Taiwan. American lawmakers regularly visit Taiwan and have supported legislation to bolster US support for the island and its defensive capabilities. 07:53 - Source: CNNTroubled watersThe delegation’s visit comes during a period of heightened tensions between China and Taiwan, sparked by the drowning of two Chinese fishermen near Taiwan’s Kinmen Island last week.

Persons: Mike Gallagher, “, ” Gallagher, Gallagher, Donald Trump, Trump, Joe Biden, Raja Krishnamoorthi, Tsai Ing, Lai Ching, Tsai, ” Tsai, China, ”, ” “, …, ” Zhu Fenglian, Chen Chien Organizations: Taiwan CNN, Communist Party, Taiwan, NATO, Democratic, Washington, CNN, Taipei, Republican, Wisconsin, Chinese Foreign Ministry, Taiwan Affairs Locations: Taipei, Taiwan, Beijing, China, Ukraine, Europe, Raja, United States, Taiwanese, ”

☆ Wray’s stunning warning points to a new age of US vulnerability
▼ + stars: | 2024-02-01 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

“The CCP’s dangerous actions, China’s multi-pronged assault on our national and economic security, make it the defining threat of our generation,” Wray said. Xi promised Biden China wouldn’t interfere in the 2024 presidential election at that meeting, CNN reported exclusively this week. The high-level diplomatic contacts continued last week when national security adviser Jake Sullivan met Chinese Foreign Minister Wang Yi in Bangkok. “This is the cyberspace equivalent of placing bombs on American bridges, water treatment facilities and power plants,” he said. “If you have a cyberattack on that sort of technology, it could affect all signals at once,” Geddes said.

Persons: Christopher Wray, Rick Geddes, ”, Wray, Xi, ” Wray, Joe Biden, Biden, Biden China wouldn’t, Jake Sullivan, Wang Yi, Donald Trump, Kevin McCarthy, Mike Gallagher of, Raja Krishnamoorthi, Paul Nakasone, Gallagher, Geddes, ” Geddes Organizations: CNN, Cornell, Chinese Communist Party, Communist Party, CCP, South China, –, Capitol, Republican, Democrat, US Cyber Command, “ Locations: Washington, Beijing, United States, China, Taiwan, South, Xi Jinping’s China, California, Biden China, Bangkok, Mike Gallagher of Wisconsin, Illinois

☆ US lawmakers seek probe of Chinese drone maker Autel Robotics
▼ + stars: | 2023-11-30 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

An Autel Robotics Dragonfish Pro drone, with an 18-mile range, is displayed during CES 2022 at the Las Vegas Convention Center in Las Vegas, Nevada, U.S. January 5, 2022. REUTERS/Steve Marcus/File Photo Acquire Licensing RightsWASHINGTON, Nov 30 (Reuters) - A bipartisan group of 11 U.S. House lawmakers on Thursday asked the Biden administration to investigate and potentially sanction Chinese drone maker Autel Robotics, citing national security concerns. The Pentagon said it would respond to the lawmakers' letter. Another signer of the letter, Republican Representative Elise Stefanik, said, "Autel drones made in Communist China present an unacceptable national security risk and should not be allowed to operate in America." Over 50% of drones sold in the United States are made by DJI, and they are the most popular drones in use by public safety agencies, Republican lawmakers said earlier this year.

Persons: Steve Marcus, Biden, Mike Gallagher, Raja Krishnamoorthi, Autel, Elise Stefanik, Gallagher, Krishnamoorthi, David Shepardson, Chris Reese, Mark Porter Organizations: Las Vegas Convention, REUTERS, Rights, House, Republican, Commerce , Defense, Treasury, Autel Robotics, Technology, Robotics, China's People’s Liberation Army, PLA, Pentagon, Commerce, Commerce Department, U.S . Interior Department, Thomson Locations: Las Vegas , Nevada, U.S, House China, Communist China, America, China, Xinjiang, Ukraine, The U.S, United States

☆ Sen. Marco Rubio: TikTok should be demonetized unless China hands over algorithm
▼ + stars: | 2023-11-29 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

Senator Marco Rubio, a Republican from Florida and ranking member of the Senate Intelligence Committee, during a hearing in Washington, D.C., on March 8, 2023. WASHINGTON — Social media giant TikTok should be demonetized in the U.S. unless the Chinese government hands over its algorithm, Sen. Marco Rubio, R-Fla., said Wednesday. "It is time to ban Beijing-controlled TikTok for good," Rubio said in a December 2022 statement on his bill. More than 150 million Americans use TikTok and nearly five million businesses advertise on the platform, according to the company. "What companies in the world is that algorithm going to be beneficial to in the long term?"

Persons: Marco Rubio, Sen, " Rubio, Rubio, TikTok, It's, Mike Gallagher, Raja Krishnamoorthi, Angus King Organizations: Republican, Senate Intelligence, Washington , D.C, WASHINGTON — Social, Summit, BuzzFeed, Financial Times, Chinese Communist Party, Senate, Sen, CNBC PRO Locations: Florida, Washington ,, U.S, Beijing, ByteDance, Taiwan, New York, China, Russia, Maine

☆ House lawmakers press Apple CEO on reports Jon Stewart’s show was canceled over China concerns
▼ + stars: | 2023-11-15 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

CNN —Did Apple and Jon Stewart part ways over China? The letter also asked Apple to make a public commitment that content potentially viewed as critical of the Chinese Communist Party would be welcome on the company’s services. “If these reports are accurate, it potentially speaks to broader concerns about indirect Chinese Communist Party (CCP) influence over the creative expression of American artists and companies on CCP-related topics,” the committee said in the letter. Representatives for Apple and Stewart did not immediately respond to CNN requests for comment. China represents nearly a fifth of Apple’s sales and is by far the company’s fastest-growing region.

Persons: Jon Stewart, Tim Cook, Jon Stewart ”, —, Mike Gallagher, Raja Krishnamoorthi, Illinois —, Apple, Stewart Organizations: CNN, Chinese Communist Party, Wednesday, Apple, Wisconsin Republican, Communist Party, CCP, Xi Locations: China, Wisconsin, Illinois, People’s Republic of China

REUTERS/Cheriss May/File Photo Acquire Licensing RightsWASHINGTON, Nov 15 (Reuters) - U.S. lawmakers asked Apple Inc to explain the abrupt end of political comedian Jon Stewart's television show on its streaming service, according to a letter made public on Wednesday, citing concerns that content related to China was behind the cancellation. The New York Times reported last month that Stewart's show on Apple's streaming service was ending, the result of creative differences. The newspaper said Stewart told members of his staff that potential show topics related to China and artificial intelligence were causing concern to Apple executives. The letter asked representatives of Apple for a briefing on its concerns by Dec. 15, 2023. U.S. lawmakers have long expressed concerns about potential Chinese government censorship given the ruling Communist Party’s strict media controls.

Persons: Jon Stewart, Mark Twain, Cheriss, Jon Stewart's, Stewart, Tim Cook, Apple, Michael Gallagher, Raja Krishnamoorthi, Xi Jinping, Joe Biden, Patricia Zengerle, Stephen Coates Organizations: The Kennedy Center, REUTERS, Rights, Apple Inc, New York Times, Apple, Times, Republican, Democratic, Chinese Communist Party, CCP, Economic Cooperation, Thomson Locations: Washington , U.S, China, San Francisco, Asia, U.S

WASHINGTON (AP) — The United States and China are the two global economic heavyweights. The meeting will bring together 21 Pacific Rim countries, which collectively represent 40% of the world’s people and nearly half of global trade. Indeed, imports of Chinese goods to the United States were down 24% through September compared with the same period of 2022. Xi, too, has reason to try to restore economic cooperation with the United States. “This will not be an easy sell.’’Complicating matters is that the tensions between Washington and Beijing go well beyond economics.

Persons: Joe Biden, Xi, Eswar Prasad, “, Prasad, Donald Trump, Trump, Biden, Chad Bown, Janet Yellen, Lifeng, —, ” Yellen, ’ ’, Wendy Cutler, Raja Krishnamoorthi, ’ ’ Krishnamoorthi, ’ Organizations: WASHINGTON, International Monetary Fund, “, Cornell University, Economic Cooperation, Biden, World Trade Organization, U.S, Peterson Institute for International Economics, Prosperity, Trump, Group, Bain & Co, Micron, IMF, United, Asia Society Institute, Chinese Communist Party, Republicans, Pew Research Center, Center for Strategic, International Studies, Rep, Illinois Democrat Locations: United States, China, Washington, Beijing, U.S, Ukraine, Gaza, Asia, San Francisco, Shanghai, Hong Kong, Xinjiang, India, Philippines, South China, Taiwan, Chinese, Kenya, Nigeria, Illinois

☆ US lawmakers want Biden to hike tariffs on Chinese-made vehicles
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

U.S. President Joe Biden delivers remarks on infrastructure during an event at the Amtrak maintenance facility in Bear, Delaware, U.S., November 6, 2023. REUTERS/Leah Millis/File Photo Acquire Licensing RightsWASHINGTON, Nov 8 (Reuters) - A bipartisan group of U.S. lawmakers want the Biden administration to hike tariffs on Chinese-made vehicles and investigate taking steps to prevent Chinese companies from exporting to the United States from Mexico. Representative Mike Gallagher, a Republican who chairs a select committee on China, and the panel's top Democrat, Raja Krishnamoorthi and two other lawmakers urged U.S. Trade Representative Katherine Tai in a letter to boost the current 25% tariff on Chinese vehicles. "It is critical that tariffs on (Chinese) automobiles not only be maintained but also increased to stem the expected surge in (Chinese) imports," they wrote in the previously unreported letter. Reporting by David ShepardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Leah Millis, Biden, Mike Gallagher, Raja Krishnamoorthi, Katherine Tai, David Shepardson Organizations: Amtrak, REUTERS, Rights, Republican, U.S, Trade, Thomson Locations: Bear , Delaware, U.S, United States, Mexico, China

☆ US House panel seeks ban on federal purchases of Chinese drones - FT
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

U.S. and Chinese flags are seen in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 1 (Reuters) - The U.S. House of Representatives' China committee will introduce a bill to ban the U.S. government from buying Chinese drones, the Financial Times reported on Wednesday. Mike Gallagher, the Republican head of the committee, and Raja Krishnamoorthi, the ranking Democrat, will introduce the "American Security Drone Act" on Wednesday, the FT report added. The bill was cosigned by Virginia Republican Rob Wittman and Connecticut Democrat Joe Courtney, the FT said, adding that the bill would also bar local and state governments from purchasing Chinese drones with federal grants. The U.S. House of Representatives' China committee did not immediately respond to a Reuters request for comment.

Persons: Dado Ruvic, Mike Gallagher, Raja Krishnamoorthi, Gallagher, Virginia Republican Rob Wittman, Joe Courtney, Devika Nair, Chizu Organizations: REUTERS, U.S . House, Representatives, Financial Times, Republican, FT, China, Virginia Republican, Connecticut, Thomson Locations: China, United States, Bengaluru

☆ US lawmakers urge Yellen to speed up China outbound investment rules
▼ + stars: | 2023-10-31 | by ( Michael Martina | ) www.reuters.com time to read: +2 min

Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Seth Wenig/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Oct 31 (Reuters) - The Republican and Democratic leaders of a U.S. congressional committee on China urged Treasury Secretary Janet Yellen to urgently implement outbound investment restrictions on the country, warning that Beijing was using American capital to develop technologies as her department debated new rules. China has condemned the move, but some U.S. lawmakers have argued it has too many loopholes. Yellen should adopt a broad definition of technology in her guidelines on the investment restrictions, the lawmakers said in the letter, dated Oct. 30, arguing China had blurred the lines between commercial and military technology. Some U.S. officials have said the outbound investment rules should not be overly broad to avoid harming the U.S. economy.

Persons: Janet Yellen, Seth Wenig, Joe Biden, deliberates, Mike Gallagher, Raja Krishnamoorthi –, Gallagher, Krishnamoorthi, Michael Martina, Sandra Maler Organizations: Treasury, Rights, Republican, Democratic, Chinese Communist Party, CCP, U.S, Biden, Thomson Locations: United States, New York, China, Beijing, U.S

☆ Rep. Gallagher: U.S. firms should not be capitalizing Chinese military and surveillance companies
▼ + stars: | 2023-10-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Gallagher: U.S. firms should not be capitalizing Chinese military and surveillance companiesHouse Select Committee on China Chairman Rep. Mike Gallagher (R-Wis.) and Ranking Member Rep. Raja Krishnamoorthi (D-Ill.) join 'Squawk Box' to discuss the letter sent to VC firm Sequoia asking for a list of their tech investments in China, the level of bipartisanship on efforts to curb U.S. investment in China, the race for House Speaker, and more.

Persons: Mike Gallagher, Raja Krishnamoorthi Organizations: Gallagher, U.S, Sequoia, House Speaker Locations: China

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