DP World Backs Out

DP World has announced that it will “give up its stake in U.S. ports.” I assume that means that it will spin off U.S. operations to a new company that will be American-owned.
This should end the ports controversy, but it won’t. From now until November, we’ll hear about the “deal,” how badly it was handled by the administration, etc. What we won’t hear about, is whether there was ever any substance to the claim that DP World’s involvement in managing port terminals posed any security risk. Nor will we hear about the other port facilities that are already being managed by foreign companies, unless a way can be found to spin that fact against the administration.
Via Power Line News.


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