U.S. to Invest Billions to Replace China-Made Cranes at Nation’s Ports

U.S. to Invest Billions to Replace China-Made Cranes at Nation’s Ports

Administration officials said more than $20 billion would be invested in port security, including domestic cargo-crane production, over the next five years. The money, tapped from the $1 trillion bipartisan infrastructure bill passed in 2021, would support a U.S. subsidiary of Mitsui, a Japanese company, to produce the cranes, which officials said would be the first time in 30 years that they would be built domestically.

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South Korea’s new president playing dangerous game with Pyongyang

by Ahmed Adel, Cairo-based geopolitics and political economy researcher

The resumption of full-scale joint military exercises between the US and South Korea will increase tensions on the Korean Peninsula. After South Korean President Yoon Suk-yeol came to power on March 22, pressure on North Korea increased, and in reaction, Pyongyang may react harshly to the strengthening of military ties between Seoul and Washington.

South Korea’s new president playing dangerous game with Pyongyang