Apple and Disney at Heart of US-China Selective Decoupling, Gallagher Says
Apple Inc. and Walt-Disney Co. are among US businesses that will face the steepest challenges in a “selective decoupling” from China, a key lawmaker said after a series of meetings with executives and experts in Hollywood and Silicon Valley this week.
Representative Mike Gallagher, the chairman of a House committee focused on US-China competition, met with Apple Chief Executive Officer Tim Cook and Disney CEO Bob Iger as part of a three-day trip through California to learn more about how companies are navigating the tensions between the world's two largest economies.
“Apple's at the heart of what is the most complex aspect of this competition, which is companies that have a massive presence in China are going have to deal with the fact that some form of selective economic decoupling is inevitable,” Gallagher said in a phone interview. “It's going to continue.”
Gallagher, a Republican from Wisconsin, and his Democratic counterpart, Raja Krishnamoorthi, led a group of about a half dozen lawmakers through a jam-packed program filled with meetings with tech and entertainment executives. The agenda included a lunch with Cook and executives from Alphabet Inc.'s Google, Microsoft Corp. and Palantir Technologies Inc., and dinner with about a dozen prominent venture capitalists, including Marc Andreessen and Vinod Khosla.
EARLIER: US Lawmakers to Meet with Taiwan's Tsai, Tim Cook, Bob Iger
Lawmakers also met with Iger and other Hollywood executives to discuss concerns over US entertainment companies censoring their content for the Chinese market. The trip was part of an effort by lawmakers on the newly created committee to get outside of Washington, DC, and to hear from the private sector.
Gallagher said that despite the recent
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