Congressional Delegation Heads to Detroit
A group of bipartisan US lawmakers is gearing up for a crucial mission in Detroit, slated for Tuesday. According to a Bloomberg report, they are determined to influence the top management of auto giants Ford Motor (NYSE: F) and General Motors (NYSE: GM) to reduce their reliance on China, especially in terms of supply chains for electric vehicle batteries.
High-Level Discussions with Auto Industry Leaders
This delegation comprises Republicans Mike Gallagher, John Moolenaar and Democrats Raja Krishnamoorthi and Haley Stevens. They are all part of the recently established House of Representatives China Select Committee. During this trip, the lawmakers' main objective is to hold discussions with Ford CEO Jim Farley and GM CEO Mary Barra, among other executives, on the detrimental impact of dependency on China's supply chains on US firms.
Absence of Official Comment
Despite the importance of the upcoming meetings, there has been no immediate response to calls seeking comments from the House panel.
A Strategic Move Following High-Level Diplomatic Visits
The lawmakers' initiative to engage Detroit automakers follows the US Secretary of State Antony Blinken's uncommon visit to Beijing. Secretary Blinken met with Chinese President Xi Jinping and other top officials in these high-level discussions. The two countries reached a consensus on Monday to stabilize their strained rivalry, aiming to prevent escalation and conflict.