The coalition negotiating on behalf of employers in the ongoing dockers’ strike also includes a Beijing-based shipping company, raising concerns over China’s potential economic and political influence. is increasing.
Thousands of longshoremen at 14 major ports along the East Coast and Gulf Coast went on strike just after midnight Thursday, a move experts say will wreak havoc on U.S. supply chains and threaten the U.S. economy. They claim that it could cause losses of up to $5 billion per day. China Ocean Shipping Company (COSCO) membership Members of the United States Maritime Alliance (USMX), the group responsible for forging agreements with longshoremen, believe China could wield significant influence over labor negotiations, according to experts who spoke with the Daily Caller News Foundation. It is said that it means having sex. (Related: Exclusive: Republican lawmaker unveils plan to save bankrupt US farmers from China’s economic attack)
“The general election is just a month away, and the Chinese Communist Party will play a major role in every election.” [People’s Republic of China] Steve Yates, senior fellow for China and national security policy at the Heritage Foundation, told DCNF. “Economic interests suggest that they want all exports from China to flow smoothly into the U.S. market for the year-end holiday season, but sometimes politics takes control in Beijing. Sometimes.”
Two giant blue Malacca Max gantry cranes delivered by Chinese company Shanghai Zhenhua Heavy Industries (ZPMC) (Photo by CLEMENT MAHOUDEAU/AFP/Getty)
COSCO — World 4th largest Container shipping company — account It accounts for over 10% of the world’s shipping, with holdings ranging from: e-commerce warehouse Transferred shares in Savannah, Georgia, to shares in a major port terminal in Hamburg, Germany. Shipping giants serve as instruments of economic repression for China, and their extensive asset holdings, high market shares, and state-owned nature provide China with the ability to influence global flows of goods. 2023) study Found from the Atlantic Council.
“Any organization that is ensnared by the influence of the Chinese Communist Party is a danger to the United States,” Nick Iacobella, senior vice president of public affairs and communications at Alliance for the Prosperous America, told DCNF.
parliamentary investigation released found on September 12 that U.S. ports are “dangerously dependent” on Chinese cargo cranes, stating that approximately 80% of U.S. port cranes are made by the Chinese company ZPMC and therefore are not accessible to the Chinese Communist Party. reported that it is possible.
“COSCO, China’s largest shipping company, has an agent.”[resentative] on USMX, the maritime group negotiating on behalf of our port operators,” said Republican Florida Rep. Mike Walz. I wrote X Tuesday. “Also, a dangerous number of our largest ports are being operated with Chinese-made cranes and Chinese-made software.”
USMX is mainly made up of giant companies from Asia and Europe. include french CMA CGMand Danish maersk. The shipping industry is more broadly dominated by foreign companies, with the world’s top 10 shipping companies all being foreign companies. control It accounts for almost 80% of the world’s shipments.
“I urge USMX, which represents a group of foreign airlines, to come to the table and ensure that International Longshoremen’s Association workers are properly compensated for their valuable contributions. We asked them to present their proposals,” President Joe said. Mr. Biden said: statement Tuesday. “Ocean carriers have made record profits since the pandemic, with profits in some cases increasing by more than 800 percent compared to pre-pandemic profits. We will monitor any price gouging activity that benefits foreign ocean carriers, including the USMX Board. ”
A prolonged strike could put upward pressure on consumers already weary of Biden-era inflation, with more than 80% of registered voters saying the economy will be “very important to their vote.” This could have politically disastrous consequences for Democrats’ electoral chances. According to A poll conducted by the Pew Research Center in September. At the same time, if Mr. Biden intervene To end the strike, he would risk alienating the organized labor wing of the Democratic Party.
“It’s the consumers who will feel the impact,” George Kochanowski, CEO of logistics company Staxson, told DCNF.
USMX, COSCO, CMA CGM and Maersk did not respond to requests for comment.
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