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How greater scrutiny of Chinese investments in the US is impacting a terminal acquisition at the Ports of Long Beach




Container ship Cosco Development, registered and sailing under the flag of Hong Kong, with capacity for more than 13,000 containers, is seen at the Agua Clara locks in Colon, 90 km from Panama City on May 2, 2017.
Container ship Cosco Development, registered and sailing under the flag of Hong Kong, with capacity for more than 13,000 containers, is seen at the Agua Clara locks in Colon, 90 km from Panama City on May 2, 2017.
RODRIGO ARANGUA/AFP/Getty Images

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A US national-security review has raised concerns over Chinese state-run shipping giant COSCO taking control of a large container terminal at the Port of Long Beach in California, one of the biggest gateways for imports into the US.

The terminal is part of COSCO’s proposed $6.3 billion purchase of an Asian shipping rival, which holds a long-term concession to operate the facility in Long Beach, according to reports. The review, by the Committee on Foreign Investment in the US, a secretive federal panel that vets foreign purchases of American companies, comes at a tense time between the US and China, with both leaders threatening to impose new tariffs and regulators.

As the tension intensifies, we take a look at the future of Chinese acquisitions and investments in American companies that seem to be facing increasing scrutiny from the Trump administration.

Guests:

Costas Paris, global shipping and trade finance senior reporter for the Wall Street Journal who has been covering the story; he tweets @CostasParis

Elias Groll, reporter for Foreign Policy magazine who wrote about Washington’s strike back against Chinese investment; he tweets @EliasGroll