A US national-security review has raised concerns over Chinese state-run shipping giant COSCO taking control of a large container terminal at the Port of Long Beach in California, one of the biggest gateways for imports into the US.
The terminal is part of COSCO’s proposed $6.3 billion purchase of an Asian shipping rival, which holds a long-term concession to operate the facility in Long Beach, according to reports. The review, by the Committee on Foreign Investment in the US, a secretive federal panel that vets foreign purchases of American companies, comes at a tense time between the US and China, with both leaders threatening to impose new tariffs and regulators.
As the tension intensifies, we take a look at the future of Chinese acquisitions and investments in American companies that seem to be facing increasing scrutiny from the Trump administration.
Guests:
Costas Paris, global shipping and trade finance senior reporter for the Wall Street Journal who has been covering the story; he tweets
Elias Groll, reporter for Foreign Policy magazine who wrote about Washington’s strike back against Chinese investment; he tweets