Trump administration forces China to sell the Port of Long Beach

The Trump Administration’s Department of Homeland Security has forced China’s state-owned Cosco* to sell the Port of Long Beach over security concerns. China’s Cosco Shipping Holdings, which bought out its 75 percent–owned Hong Kong–based Orient Overseas International (OOCL), was forced to sell its Port of Long Beach Container Terminal ownership to Macquarie Infrastructure Partners for $1.78 billion. … Continue reading Trump administration forces China to sell the Port of Long Beach