The Republican and Democratic leaders of the U.S. House of Representatives' select committee on China warned on Tuesday that Beijing may try to exert leverage with Elon Musk in a bid to win favorable U.

Republican and Democratic leaders of the House Select Committee on China cautioned that Beijing could use Elon Musk’s business interests to influence U.S. policies. The committee’s leadership suggested that a prominent business leader’s ties to China,

Oliver McPherson-Smith has called for unlocking domestic energy production and scouring tax incentives to ensure China isn’t benefiting.

Donald Trump’s administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, an early indication the new US president plans to expand efforts that began under Joe Biden to limit Beijing’s technological prowess.