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With Acquisition of California Port, China Broadens Influence on US Commerce

China Chinese tech influence CaliforniaIn recent weeks, numerous national security concerns have been raised regarding Chinese corporations and their increasing ownership of American businesses and trading ports. This alarm comes in the wake of China’s largest shipping company, Cosco Shipping Holdings Co., taking control of a major US trade terminal in Long Beach, California. The Long Beach acquisition is part of Cosco’s six-billion-dollar buyout of rival Asian shipping giant, the Hong Kong-based Orient Overseas International Ltd.

Whereas Cosco’s ownership of the California port is a smart move for the Chinese economy, American trade insiders have expressed skepticism over the acquisition’s benefits for the United States, worried it may jeopardize national security.

The Committee on Foreign Investment in the US (CFIUS) – a federal panel tasked with reviewing foreign purchases of American businesses by foreign entities – recently investigated Cosco’s seizure of Orient Overseas, expressing strong national security concerns and uncertainty about the Chinese corporation’s intentions.

This review followed President Trump’s refusal to allow Singaporean-owned tech company Broadcom to purchase the California-based telecommunications giant Qualcomm – the president’s decision largely informed by CFIUS concerns that the American company would be undermined, easily allowing China to gain an advantage over the United States in microchip technology.

Many Americans have expressed opposition to the Cosco purchase and have encouraged CFIUS to block China’s takeover of the major California port. Rick Manning, president of Americans for Limited Government, discussed the topic in May, saying in a statement:

“Under no circumstances should CFIUS permit China to take over management or effective control over the port of Long Beach, a critical channel for foreign commerce, but one that must remain under US control. Long Beach serves as the gateway to and from Asia. In order to ensure that our national and economic security needs are met, neither the Chinese government nor its state-run companies should be controlling such critical infrastructure.”

He added, “CFIUS needs to just say no to the deal.”

The Cosco acquisition also comes during a time of increased tension between China and the United States, with both country’s leaders threatening to levy new tariffs and sanctions, and public officials raising concerns of an all-out trade war between the two nations.

California’s trading ports have long been a point of contention for international relations.

In the mid-1990s during Bill Clinton’s campaign for his second presidential term, the Clinton administration worked towards ensuring a Chinese shipping company with communist ties received a good deal on another Long Beach shipping terminal.

The bad China deals didn’t stop with Clinton, either. Under the Obama administration, US-China relations shifted, with Obama positioning the United States as a partner to China, rather than a competitor. As the US became less competitive with China in the name of “international cooperation”, the Obama administration gradually began to allow more and more Chinese conglomerates to buy out American properties and businesses. The Democrat-backed policies that gave China trade advantages are, in part, responsible for the development of the current state of affairs in which China has a disproportionately large influence on American commerce.

President Trump has taken steps to put America first again, threatening to slap a 25% tariff on $50 billion worth of China’s tech exports, however the Cosco purchase is still set to be finalized this month.

Within the past several years, China has rapidly advanced its strategy to weaken the American dollar, destabilize our economy, and replace the United States as the dominant economic world power. The increasing Chinese ownership of American industry is actively weakening our country while diminishing our national security and self-reliance.

President Trump has taken a strong stance on China, addressing the trade deficit and the country’s theft of American intellectual property. If Americans wish to curb Chinese influence on American commerce and our economic strength, we must follow President Trump’s lead.

We know the country aims to subvert our world power and economic dominance. We must not let them.

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Read more articles by Cole P. Zail

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Bob L.

The “deep, dark state” is hard at work in Washington to undermine not only President Trump, but the nation. There are a lot of traitors in numerous positions within our federal government, from high up appointed positions, to hired low-level jobs. Oh, and let’s not overlook the fact that there are some in elected positions as well, mostly with a ‘D’ behind their name and one with an ‘I’ behind his…

DerJoh

How would any patriot consciously agree to allow a foreign nation to have ANY control of an American Port? The simple answer…NO patriot aligned with America would ever consent to this. Now I leave it to you folks to figure who are the patriots and who are the traitors. Just understand one simple thing…”Free Trade” is never free because one party always wins at the expense of the other… Trump recognized this before he campaigned and likely was part of what motivated him to run for President…..

Martin Steed

Don’t know if it still is, but awhile ago The Chinese Overseas Shipping Company (COSCO) was owned and operated by the Chinese People’s Army! Maybe “somebody” ought to check this out.

William McKinney

China has been buying up Thousands upon Thousands of acres of farmland all over the Southern Part of The US for years now. No su
prise here ! The Chinese bought and own so many companies now it’s sickening form ,GE to Smithfield Foods ( Pork ! ) America needs to put a stop to foreign ownership of land and property in America before we are swallowed up by all of our enemies. I won’t buy buy a GE light bulb now nor anything produced by Smithfield Foods . This madness needs to end from ,illegal immigration to communist buying everything they can get their murderous hands on. America Can Not Servive This Take Over Of Our Country By Her Enemies.

Charlesw04

They tried this crap when Clinton was in office. The only difference is he wanted to give the ports to China. Now they’re trying a work around that for reasons of National Security must not be allowed to happen.

joseph Kiesznoski

Liberal dumbocrats are doing everything in their power to discredit President and selling the country to the highest bidder.

Waud III Ernest P

Not in favor of port purchases by the Chinese

Dennis Selby

So, now we allow the Chinese government to buy a port on American soil? What in hell is wrong with people in DC?

michael failla

I dont trust the chinese government. This to me anyway, is a careless and possibly dangerous idea. By giving such largesse to the competition it can be a safe bet that if the port is a finger then they will soon take the arm.

Mona

I would bet a box of donuts that behind every deal favorable to China is Senator Mitch McConnell and his wife Elaine Chow, Secretary of Transportation with their hands in the till. Her father is a shipping magnate who runs China’s largest shipping company, and her sister sits on the board of one of the banks that oversees the company.
Trumps not saying anything because he needs McConnell’s help in getting his judges through confirmation, but I wish someone with authority would look into this. Peter Schweizer spells it all out in his new book Secret Empires.

STEVEN M

THIS CAN NOT HAPPEN, I HOPE THAT CFIUS OR THE PRESIDENT WILL NOT LET IT HAPPEN.

Frank

This cannot happen and measures must be taken to prevent this from ever occurring. I recall that after the turn of the century, then Pres. Bush was going the turn over control of all our sea ports to some Arab Sheikdom from the middle east. But then again, it’s California. What would you expect.

Aardvark

No surprise that the communist state of Kalifornia is selling out to the Chinese!

Fixer48

Seems like if Chinese interests want to own a US port it should only happen if US interests are allowed to own a Chinese port.

Bill T.

When is this going to stop? We are loosing our country so fast, and we can’t stop it. Obama and the Clintons plus George Soros are paying the way to destroy America. They are still running our country now. The people he put in high places are still there. Until Trump has the support from our House and Senate we can’t win. The Obama’s and Clintons should be tried for treason against the United States of America and put in prison for life. Our meat processing plants have been bought by JBS John Batesta of Brazil. Smithfield Foods of Virginia, family own for years, now China owns them. They have sold us out. That’s 8 years of Obama. How could a country elect a Muslem not a U.S. citizen for President not once but two times? We’ve taken God out of our schools public places our families are falling apart.… Read more »

Gloria P. Sterling

I’ve said it before. If we continue to let China buy up businesses, we’ll soon be called the U.S.C. (United States of China), instead of the U.S.A.

Michelle

My, this article is a bit late, isn’t it?
Bill Clinton allowed the sale of the nuclear sub site in Long Beach to China during his term in office. The outcry from Californians and Americans went ignored.
Now it surfaces as big news. The card-carrying communists Bill and Hillary Clinton have been operation against America’s best interests for decades.
IF there were justice both would be in jail.
God bless America.

m.radant

Anyone want to bet the Chinese are running Fentanyl and all kinds of other crap thru there?!? Not to mention all kinds of spying!

Gary

Is there any factual evidence that California is helping China to get a foothold here?

Jeff

Hong Kong has been in China control for years so switching companies Chinese companies will affect the US how?
Seems to be much ado about little since it has not been in US control for years.