its pretty straight racism though.
its US software companies that are the worst of the worst in terms of adware and malware being shipped under monopoly control
Its based on the most common heuristic people have developed in regards to the phenomenon. What do you think about 'alphabet soup company' instead, referring to the tendency for names to be a mix of random letters? Otherwise, you can try and create a better term for 'unaccountable third parties using US platforms to dodge liability for their product made out of the cheapest components and software possible' and see if that catches on.
Yes it is also the US companies that are a problem but these are two separate problems and need different terms.
There's enough evil malware provider blame to go around.