China insisting on being included in Panama Canal port deal

2,932 Views | 18 Replies | Last: 5 mo ago by Highway6
aggie93
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Screw that. They are testing Trump here, let's see how this goes.

China theatens to block Panama Ports deal over Cosco's exclusion


Quote:


Per reports, Chinese officials have directly told BlackRock, CK Hutchison, and MSC that they will block the sale if Cosco is not included as a partner. The Wall Street Journal, citing unnamed sources, reported that Beijing is pushing for Cosco to become a shareholder in both the Panama ports and the other terminals included in the deal.


Quote:

U.S. President Donald Trump has also taken an interest in the deal. He has publicly supported the sale to BlackRock and MSC, calling it a step towards "reclaiming" the Panama Canal and reducing China's influence in the region. He views the transaction as a national security victory for the U.S.

Sources also told the Wall Street Journal that Chinese authorities have instructed their state-owned companies to halt any new business dealings with CK Hutchison or other firms linked to Li Ka-shing, the billionaire founder of the Hong Kong conglomerate, unless Cosco is included in the sale.

The final terms of the deal are still being negotiated, with the companies facing a July 27 deadline for exclusive talks. If no agreement is reached by then, Cosco could be added to the deal. Per reports, BlackRock, MSC, and Hutchison are all open to including Cosco as a partner to move the deal forward.

"The most terrifying words in the English language are: I'm from the government and I'm here to help."

Ronald Reagan
BTKAG97
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China is never a good faith partner and should be told to suck it.
Mega Lops
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Just watch. Next China will come with a BIIIIIIGGGGG peace offering of Coca Cola.
Ag87H2O
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After Covid, we should never give in to the Chinese. They have proven over and over again they are not ethical and they do not deal in good faith. They can go pound rice.

If there was ever a moment to get back to the Monroe Doctrine, this is it.
Squadron7
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China is asshoe.
Gnome Sayin
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Tell chyinna to go around
Bob Knights Liver
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Trump should send them some free Costco hotdogs as a troll.
AggieMD95
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F em. Wrong hemisphere
Pumpkinhead
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Just a comment that this deal involves 40 ports world-wide as stated in the OP's article. It is about a lot more than just the 2 ports in Panama. And note that Blackrock is handling the financing while the deal would transfer the terminal rights to MSC which is a Shipping company headquartered in Switzerland that is owned by a wealthy Italian family. So still a foreign shipping company managing the ports. Just a European based one instead of Hutchinson out of Hong Kong.
ts5641
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Chyna sure does a lot of insisting. Time we tell them to pound sand.
ag1113
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Gnome Sayin said:

Tell chyinna to go around
96AgGrad
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Oh no. They might steal all our tech and copy it if we don't comply.
Kenneth_2003
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Bob Knights Liver said:

Trump should send them some free Costco hotdogs as a troll.


COSCO... not Costco

Chinese Overseas Shipping Company

Now I want hot dogs... Thanks man!
zephyr88
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US Navy should take operational control of both ends.

Until we take it back, we'll continue having issues with foreigners like China.
An L of an Ag
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Costco pizza >> Costco hot dogs
K2-HMFIC
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aggie93 said:

Screw that. They are testing Trump here, let's see how this goes.

China theatens to block Panama Ports deal over Cosco's exclusion


Quote:


Per reports, Chinese officials have directly told BlackRock, CK Hutchison, and MSC that they will block the sale if Cosco is not included as a partner. The Wall Street Journal, citing unnamed sources, reported that Beijing is pushing for Cosco to become a shareholder in both the Panama ports and the other terminals included in the deal.


Quote:

U.S. President Donald Trump has also taken an interest in the deal. He has publicly supported the sale to BlackRock and MSC, calling it a step towards "reclaiming" the Panama Canal and reducing China's influence in the region. He views the transaction as a national security victory for the U.S.

Sources also told the Wall Street Journal that Chinese authorities have instructed their state-owned companies to halt any new business dealings with CK Hutchison or other firms linked to Li Ka-shing, the billionaire founder of the Hong Kong conglomerate, unless Cosco is included in the sale.

The final terms of the deal are still being negotiated, with the companies facing a July 27 deadline for exclusive talks. If no agreement is reached by then, Cosco could be added to the deal. Per reports, BlackRock, MSC, and Hutchison are all open to including Cosco as a partner to move the deal forward.





This is all the more reason why PRC linked firms shouldn't be involved.
aggie93
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Pumpkinhead said:

Just a comment that this deal involves 40 ports world-wide as stated in the OP's article. It is about a lot more than just the 2 ports in Panama. And note that Blackrock is handling the financing while the deal would transfer the terminal rights to MSC which is a Shipping company headquartered in Switzerland that is owned by a wealthy Italian family. So still a foreign shipping company managing the ports. Just a European based one instead of Hutchinson out of Hong Kong.

Sure, but the Panama Canal is the big rub. Some of the others are important of course but Panama is the line in the sand both strategically and politically. No way Trump can allow China to have any presence there.
"The most terrifying words in the English language are: I'm from the government and I'm here to help."

Ronald Reagan
MagnumLoad
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We never should have given it away. What dumbass did that?
I hate tu. It's in my blood.
Highway6
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MagnumLoad said:

We never should have given it away. What dumbass did that?

Just one of his many great accomplishments
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