China making ‘concerted effort’ to dominate critical US port equipment


Source: cnbc.com cnbc.com

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SUZHOU, CHINA - FEBRUARY 27: A gantry crane hoists vehicles for export at Taicang Port's International Container Terminal on February 27, 2024 in Suzhou, Jiangsu Province of China. (Photo by VCG/VCG via Getty Images) A top trade official at the Department of Homeland Security said in Capitol Hill testimony on Thursday that the Biden administration is concerned about the extent of Chinese manufacturing presence in critical U.S. port operations. During a House hearing that centered on cranes operating at the ports in the United States, 80% of which are manufactured in China, representatives pressed Homeland Security and Coast Guard officials...