Apple Inc. and Walt-Disney Co. are among U.S. 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.
Rep. Mike Gallagher, the chairman of a House committee focused on U.S.-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.”
