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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: pocotrader who wrote (1174020)10/28/2019 3:26:23 PM
From: Thomas M.1 Recommendation

Recommended By
longnshort

  Read Replies (1) | Respond to of 1573959
 
Trump Rids Major U.S. Container Port of Chinese Communist Control

judicialwatch.org

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. 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.
Tom



To: pocotrader who wrote (1174020)10/28/2019 3:28:38 PM
From: Thomas M.  Read Replies (1) | Respond to of 1573959
 
If importers could raise prices, they would do it before the tariffs happened. Unless you think they're not maximizing profits.

That explains why prices haven't risen, despite the chorus of inflation fears from the dimwits.

Tom