U.S. targets China's grip on global ports in sweeping maritime mission [Yahoo! Finance Canada]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: Yahoo! Finance Canada
Gantry cranes stand near shipping containers as an Evergreen Marine Corp container ship, Ever Ace, is docked at Yangshan Port outside of Shanghai 9 min read In this article By Jonathan Saul LONDON (Reuters) -U.S. President Donald Trump's administration is on a mission to weaken China's global network of ports and bring more strategic terminals under Western control, according to three sources familiar with the plan. The drive is part of the most ambitious effort to expand U.S. maritime influence since the 1970s and is designed to address growing fears in Washington that it would be at a disadvantage to China in the event of a conflict. Trump administration officials believe the U.S. commercial shipping fleet is ill-equipped to provide logistical support for the military in time of war and Washington's dependence on foreign ships and ports is excessive, the people said. Options the White House is considering include supporting private U.S. or Western firms to buy Chinese
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