Tom BurtonCo-Founder, COO and CTO of LeadSmart Technologies

How do we deal with the Chinese maritime threat? #supplychain

Name: How do we deal with the Chinese maritime threat? #supplychain
Uploaded: 2024-08-14T14:27:14+00:00
Duration: 53 s
Channel: Tom Burton
Description: Snippet from a YouTube video in which the speaker discusses bipartisan U.S. legislative efforts (Senators Scott and Rubio) to address a perceived Chinese…

14 Aug 2024 · 1 min

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Snippet from a YouTube video in which the speaker discusses bipartisan U.S. legislative efforts (Senators Scott and Rubio) to address a perceived Chinese maritime threat. The speaker highlights that Chinese-government-controlled shipping companies hold large land leases at major U.S. ports and are buying land elsewhere, linking this to broader supply-chain and onshoring concerns including tariff circumvention via Mexico.

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Is interesting. This came from both Senator Scott and Senator Rubios, both who had been their parties, potential parties, vice president candidates came together introducing legislation to stop the Chinese maritime threat. And the idea behind what they're talking about there is, if you were to look at any of our large ports in the U.S. some of the largest land lease holders there are shipping companies that are controlled by the Chinese government, and they're even buying up land in other places where they're able to. And this ties right into that Latin America piece of onshoring is we've talked a number of times recently about, you know, the Chinese looking to get around steel tariffs by bringing in steel through other companies and through Mexico and so forth. So this is something we're going to need to pay attention to. This article is kind of interesting. They.