Posted on 10/10/2019 5:42:30 PM PDT by bitt
Here's an impressive quiet accomplishment from the Trump administration, now noted by Judicial Watch:
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.
The watchdog group didn't say, but that news came about in May and was brilliantly reported by American Thinker contributor Chriss Street.
Here's the excellent item, which certainly got notice at the time and is well worth a read or reread for a more detailed perspective:
(Excerpt) Read more at americanthinker.com ...
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Excellent.
Great that it is getting noticed.
MAGA!
“Macquarie Infrastructure Partners”
Here is what they say about themselves:
“We partner with more than 650 pension funds, sovereign wealth funds and insurance companies worldwide to manage and invest the long-term savings of the millions of investors they represent.”
In other words the get funds from “pension funds, sovereign wealth funds and insurance companies worldwide” and with those funds invest in infrastructure type entities (and others).
I wonder what if any Chinese pension funds, sovereign wealth funds and/or insurance companies have a stake in Macquarie Partners.
Another Good Job done by Pres Trump....our ports should never have been sold to foreigners
To think that any of our ports would ever have been sold to the Chinese is just crazy.
The port wouldn’t get sold. What the Chinese “bought” was a long-term lease at the port that allowed them to build/expand/operate container terminals there.
Great. Maybe now he can get an American investor to buy Margarita Island Port, Panama’s largest seaport. On 12 May 2016 it was sold to China Landbridge Group Co., Ltd. with an aim to build a modernized deep water port with high efficiency to better serve the “One Belt, One Road” Initiative.
Located at the Panama Canal’s entrance to the Atlantic Ocean and opposite to the Hong Kong-owned Cristóbal Port, Margarita Island Port is an important stop en route to the Panama Canal. It is part of the Colón Free Trade Zone, the largest free trade zone in the western hemisphere and one of the world’s cargo distribution centers with sea- land-air-rail multimodal transport.
Thank you, Mr. President!
When I learned what Obama had done, I was furious.
Now I feel ‘all better.’ Praising our great President.
Long live Donald Trump!!
Whose district?
Nancy?
The Australian fund, Macquarie, is like Calpers, but smarter. Invests in infrastructure, such as ports.
What the chicoms really bought was the perfect way to get dangerous technology and people into, and stolen technology out of, the country without worrying about prying eyes...
He got one right here. COSCO bad news. (Not COSTCO though).
“To think that any of our ports would ever have been sold to the Chinese is just crazy.”
Rather, in consideration of who presided over that in the WH - ‘treasonous’.
Let’s just call a spade a spade.
errr...all those triggered may gather down at the stable for tissues.
Good!
In our back yard, however...https://dialogo-americas.com/en/articles/latin-america-allows-china-take-over-ports
Now take back the Panama Canal that Jimmah gave away.
COSCO is going on the restricted parties list for smuggling Iranian Oil anyways.
This is a total win... If Hillary had been President the Chinese would have donated to her slush fund - oops I mean Foundation- - and they’d have all the rights to everything...
All Chicomm property in the US should be seized and sold. US companies should be banned from cooperating with the Chinese regime.
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