Trump administration forces China to sell the Port of Long

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The Trump Administration Internal Security Department has forced the state-owned Cosco * company to sell the port at Long Beach for security reasons.

The Chinese company Cosco Shipping Holdings, which bought 75% Orient Overseas International (OOCL) from Hong Kong, was forced to sell its ownership of the Long Beach container terminal to Macquarie Infrastructure Partners for $ 1.78 billion.

The Obama administration had no problems signing the OOCL’s 40-year lease agreement with City of Long Beach in 2012. To control America’s second largest and most automated container handling operation. The beloved deal was part of the “Middle Harbor Redevelopment Program,” aimed at funding $ 1.5 billion expansion by 2020.

But one of the first major activities of the Trump Administration’s Homeland Security Department in March 2017 was the release of the ‘Committee on Foreign Investment in the US’. national security in connection with Cosco’s acquisition of a former US Navy port facility.

The Obama administration had no problems signing the OOCL’s 40-year lease agreement with City of Long Beach in 2012. To control America’s second largest and most automated container handling operation. The beloved deal was part of the “Middle Harbor Redevelopment Program,” aimed at funding $ 1.5 billion expansion by 2020.

But one of the first major activities of the Trump Administration’s Homeland Security Department in March 2017 was the release of the ‘Committee on Foreign Investment in the US’. national security in connection with Cosco’s acquisition of a former US Navy port facility.


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Diana Sims

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