Finance International News Opinons Trade

TRUMP RIDS MAJOR U.S. CONTAINER PORT OF CHINESE COMMUNIST CONTROL

Under a long-term deal sealed by the Obama administration, a Chinese Communist company was set to control the second-busiest container port in the United States. In an unreported Trump administration victory, the Communists are out after a drawn-out national security review forced a unit of China-based COSCO Shipping Holdings Co. (Orient Overseas Container Line—OOCL) to sell the cherished container terminal business, which handles among the largest freight of imports into the U.S.

It all started with a 40-year container terminal lease between the Port of Long Beach in southern California and Hong Kong. The Obama administration proudly signed the agreement in 2012 giving China control of America’s second-largest container port behind the nearby Port of Los Angeles. One of the Trump administration’s first big moves was to get the Communists out of the Port of Long Beach. After a national security review and federal intervention, the Long Beach terminal business, which handles millions of containers annually, is finally being sold to an Australian company called Macquarie Infrastructure Partners. That essentially kills China’s decades-long contract with the Obama administration.


Utah death row inmate with dementia dies of natural causes 3 months after execution was halted
At least two reported victims with gunshot wounds at Valley Fair Mall in California on Black Friday: police
State Department ‘immediately’ halts all Afghan passport visas following deadly National Guard attack
Trump plans ‘full and complete pardon’ for former Honduran president convicted of drug trafficking
A look back at the biggest presidential Thanksgiving scandals, surprises
Erika Kirk Shares First Thanksgiving Message Since Her Husband’s Passing
Political turkeys of 2025: Blunders of 2025 that will never be pardoned by the public
USA Today’s Spin on National Guard Shooting Shows Why Legacy Outlets Are Dying
Where the Trump admin’s court fight over National Guard in DC stands in wake of shooting
House Republican Calls for Full Pause on ALL Immigration After D.C. Attack: ‘Deport Every Non-Citizen’
NYC Council is Considering a Massive Pay Bump For Mamdani Before He Even Takes Office
Slotkin goes silent when pressed on past Trump guard ‘shooting’ claims after DC attack
In-store Black Friday crowds underwhelm as online shopping surges
President Trump Declares Biden Autopen Documents ‘Hereby Terminated’
Fox News Campus Radicals Newsletter: School grapples with ‘whiteness,’ OnlyFans lecture, Thanksgiving turmoil
See also  Shedeur Sanders responds to Trump’s support after first win: ‘I TOLD YOU SO’

The deal never should have been signed in the first place considering the facility’s size, significance and the national security issues associated with a hostile foreign government controlling it. The southern California port is the premier U.S. gateway for trans-Pacific trade, according to its website, and handles trade valued at more than $194 billion annually. It is one of the few ports that can accommodate the world’s largest vessels and serves 140 shipping lines with connections to 217 seaports around the world. The facility encompasses 3,200 acres with 31 miles of waterfront, 10 piers, 62 berths and 68 post-Panamax gantry cranes. In 2018, the Long Beach port handled more than 8 million container units, achieving the busiest year in its history.


Removing Chinese Communists from this essential port is a tremendous feat and a huge victory for U.S. national security. You’d never know it because the media, consumed with the impeachment debacle, has ignored this important achievement. The only coverage of the finalized transfer is found in Long Beach’s local newspaper, which published a brief article omitting important background information on the Trump administration’s work to take back the terminal from the Communists. The story makes it seem like a regular business transaction in which “a Chinese state-owned company, reached a deal to sell the terminal, one of the busiest in the port, for $1.78 billion.” The piece also quotes the Port of Long Beach’s deputy executive director saying that the transaction process was intricate and involved one of “our most valuable port assets.” Buried at the bottom of the article is a sentence mentioning that the U.S. government, which regulates mergers for antitrust and security reasons, stepped in and required COSCO to sell its rights to the container terminal.


Utah death row inmate with dementia dies of natural causes 3 months after execution was halted
At least two reported victims with gunshot wounds at Valley Fair Mall in California on Black Friday: police
State Department ‘immediately’ halts all Afghan passport visas following deadly National Guard attack
Trump plans ‘full and complete pardon’ for former Honduran president convicted of drug trafficking
A look back at the biggest presidential Thanksgiving scandals, surprises
Erika Kirk Shares First Thanksgiving Message Since Her Husband’s Passing
Political turkeys of 2025: Blunders of 2025 that will never be pardoned by the public
USA Today’s Spin on National Guard Shooting Shows Why Legacy Outlets Are Dying
Where the Trump admin’s court fight over National Guard in DC stands in wake of shooting
House Republican Calls for Full Pause on ALL Immigration After D.C. Attack: ‘Deport Every Non-Citizen’
NYC Council is Considering a Massive Pay Bump For Mamdani Before He Even Takes Office
Slotkin goes silent when pressed on past Trump guard ‘shooting’ claims after DC attack
In-store Black Friday crowds underwhelm as online shopping surges
President Trump Declares Biden Autopen Documents ‘Hereby Terminated’
Fox News Campus Radicals Newsletter: School grapples with ‘whiteness,’ OnlyFans lecture, Thanksgiving turmoil
See also  National Guard shooting suspect charged with murder: What to know

In the last few years China has bought cargo ports throughout the world, including in Latin America, the Indian Ocean and Mediterranean Sea. Chinese-owned ports are located in Greece, Italy, Spain and other European locations. In sub-Saharan Africa there are dozens of existing or planned port projects funded or operated by China, according to a study that highlights the threat the Chinese investments present to U.S. influence in the region. One troubling analysis points out that “COSCO’s commercial expansion has created leverage for Beijing — leverage that has already resulted in countries that host COSCO ports adopting China’s position on key international issues.”

Story cited here.

Share this article:
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter