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Elissa Slotkin: “If you've got over 15% ownership by China, we got a problem…”

Featuring: Elissa Slotkin, Democratic | U.S. Senate, Michigan

Bloomberg: Slotkin talks about the war in Iran, Saudi Arabia, Crypto and banning Chinese vehicles

Published July 23, 2026 | Video Starts at 08:28

And if you are a company like Volvo or Mercedes who has a lot of Chinese ownership. Right. We're going to have to work on that because If you've got over 15% ownership by China, we got a problem that's influence over that company in a very real way. We give them till 2030 to deal with that issue. Right. You can sell, you can change ownership, you can do a bunch of things. Yeah. You can also apply for a waiver. (08:28–08:35)

CLAIM

Asserts that over 15% Chinese ownership in a company is considered problematic due to influence concerns.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Elissa Slotkin

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“The bill says we're going to ban any Chinese company from selling cars in the United States.”
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“It's already cost the American people in the higher gas prices, fertilizer prices, it's 100 billion.”
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“There's $80 billion that is unspent liquid money they were given in the big beautiful bill.”
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“The government will unfortunately run out of money the 30th of September.”
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“The Connected Vehicle Security Act of 2026 came out of the committee unanimously, Democrats and Republicans.”
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“We had industry on board, GM, Ford, Toyota. We had UAW steelworkers.”
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“We give them till 2030 to deal with that issue.”
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“You can also apply for a waiver.”
Bloomberg: Slotkin talks about the war in Iran, Saudi Arabia, Crypto and banning Chinese vehicles | Uploaded July 23, 2026 | 08:41-08:43
“Those cars are driving surveillance collectors. I mean, full motion video, 3D mapping, geolocation.”
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