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#trade

65 posts20 participants14 posts today

Why is an American-led international consortium buying up dozens of ports - many in Panama - and how may this become a prime battleground in the U.S.-China rivalry? Beijing is lobbying hard against the giant port deal, under which a Hong Kong-based firm would sell its interest in 43 ports worldwide to an international consortium led by the American asset manager BlackRock Inc. #China #Panama #Trade

csmonitor.com/World/Asia-Pacif

Posted into Business/Economy Page @business-economy-page-csmonitor

The Christian Science Monitor · How a 43-port business deal threatens China’s global powerBy Ann Scott Tyson

"That could impact soybean farmers in particular, who are already facing tariffs on shipments to China, increased competition from Brazil and higher production costs, Wobensmith said. Added port fees would make US soy “uncompetitive in the world market, so their exports will come almost to a grinding halt,” he said."

bloomberg.com/news/articles/20