*By Justin Chermol* The newly appointed vice chairman of the House Foreign Affairs Committee, Rep. Joaquin Castro (D-Tex.), said he is "absolutely" concerned that Chinese telecommunication giant Huawei poses a threat to national security in an interview on Cheddar Tuesday. "I do have that concern," Castro told Cheddar's J.D. Durkin. He noted that he helped push a bipartisan amendment to the National Defense Authorization Act last year to prevent government grants or loans being used to pay for Huawei services. The Department of Justice unsealed two separate indictments on Monday against the company and its CFO Meng Wanzhou, who was arrested in December. The cases claim the company and its leaders attempted to steal trade secrets from rival T-Mobile, promised bonuses to employees in exchange for intel on competitors, and sought to evade U.S. sanctions on Iran. "With China, our overarching strategy has to be to respect them when they compete, but also to stop them when they cheat," he said. Castro is particularly disturbed by prospect of Huawei lifting T-Mobile's technology for its own gain. "What you see with China is the outright theft of trade secrets and technology and then taking that technology, in this case from T-Mobile, and using it for the benefit of Chinese companies without ever doing any of the innovation or the hard work ー or spending the money in terms of research or development to understand it themselves," he said. The indictments may coincide with trade talks between the U.S. and Chinese officials, but Castro said that the meetings scheduled for Wednesday and Thursday are unrelated to the charges leveled against Huawei. "We should be able to separate out some sort of cheating or malfeasance from what we do in terms of talking about trade," he said. For full interview [click here](https://cheddar.com/videos/rep-joaquin-castro-talks-mueller-probe-huawei-charges-and-more).

Share:
More In Politics
What to Expect From the Federal Government on Cannabis Legalization in 2022
Cheddar's Chloe Aiello has our cannabis year-in-review, breaking down how several states legalized adult recreational use and greenlit medicinal use in 2021. She noted that while a cannabis legalization and decriminalization bill was introduced in Congress this year, potential FDA involvement in the industry, as well as a 25 percent excise tax, killed any chance the bill had of moving forward. Aiello also speculated that some form of cannabis reform could be rolled out in 2022, as the midterm elections draw closer.
Stocks Close Mostly Lower as S&P Falls From Record
Jim Worden, Chief Investment Officer at Wealth Consulting Group, joins Cheddar News' Closing Bell, where he says the period between Christmas and New Year's is difficult to predict due to a lack of institutional volume, with the Omicron variant adding even more uncertainty on Wall Street.
Gas Prices to Rise in 2022 amid Soaring Demand, Omicron Spread
Prices at the pump this year reached a seven-year high, and a new forecast from GasBuddy shared with CNN predicts that gas prices will only continue to rise in 2022 and that the national average could even reach $4.00 a gallon; however, analysts at GasBuddy say anything could happen when it comes to gas prices in the future, as the pandemic has made it difficult to make any predictions about the economy. Consumer Energy Alliance federal policy advisor Michael Zehr joins Cheddar News' Closing Bell to discuss.
Load More