Gordon Chang

And so we had to assume from a national security point of view that CK Hutchison would close the port, the canal zone, if given an order to do that. And clearly, the Chinese military and Chinese operatives, Ministry of State Security, were based in the canal zone, probably at those two port operations. So, it was really important to get them back.

And it's important to continue to eject China from the canal zone, because there's still a dozen ways that China can block that canal. Right.

And it's important to continue to eject China from the canal zone, because there's still a dozen ways that China can block that canal. Right.

And it's important to continue to eject China from the canal zone, because there's still a dozen ways that China can block that canal. Right.

Yes. And President Trump has opened up an office of shipbuilding in the White House itself, which shows you that it is a priority. American shipbuilding has withered away. And there are a couple of things that President Trump has done. So for instance, go back a week, The U.S.

Yes. And President Trump has opened up an office of shipbuilding in the White House itself, which shows you that it is a priority. American shipbuilding has withered away. And there are a couple of things that President Trump has done. So for instance, go back a week, The U.S.

Yes. And President Trump has opened up an office of shipbuilding in the White House itself, which shows you that it is a priority. American shipbuilding has withered away. And there are a couple of things that President Trump has done. So for instance, go back a week, The U.S.

trade representative announced that it was imposing million-dollar-plus fees on Chinese-built ships and Chinese-owned ships that entered U.S. ports. That gives all sorts of people incentives to build ships elsewhere. And that's a good thing to get it out of the People's Republic of China. But it also incentives for American shipbuilding.

trade representative announced that it was imposing million-dollar-plus fees on Chinese-built ships and Chinese-owned ships that entered U.S. ports. That gives all sorts of people incentives to build ships elsewhere. And that's a good thing to get it out of the People's Republic of China. But it also incentives for American shipbuilding.

trade representative announced that it was imposing million-dollar-plus fees on Chinese-built ships and Chinese-owned ships that entered U.S. ports. That gives all sorts of people incentives to build ships elsewhere. And that's a good thing to get it out of the People's Republic of China. But it also incentives for American shipbuilding.

And we need to do this, not just for the Navy, which is woefully doesn't have the shipbuilding capacity anymore, but also just regular commercial ships, which are really important. It's the lifeblood of trade. So this is, again, great news.

And we need to do this, not just for the Navy, which is woefully doesn't have the shipbuilding capacity anymore, but also just regular commercial ships, which are really important. It's the lifeblood of trade. So this is, again, great news.

And we need to do this, not just for the Navy, which is woefully doesn't have the shipbuilding capacity anymore, but also just regular commercial ships, which are really important. It's the lifeblood of trade. So this is, again, great news.

By far, by far. They're well ahead of South Korea, which I think is in second place. But China makes something, and correct me if I'm wrong, something like over 50% of the world's ships.

By far, by far. They're well ahead of South Korea, which I think is in second place. But China makes something, and correct me if I'm wrong, something like over 50% of the world's ships.

By far, by far. They're well ahead of South Korea, which I think is in second place. But China makes something, and correct me if I'm wrong, something like over 50% of the world's ships.

That I don't know, Mike. But if you said 15th, I would say that's really high. Would have been, my guess, even lower than that. But one other thing. South Korea, which is a US treaty ally, is going through a political crisis. And it's not inconceivable that within three months, they could have basically a communist as president. This is really serious stuff.

That I don't know, Mike. But if you said 15th, I would say that's really high. Would have been, my guess, even lower than that. But one other thing. South Korea, which is a US treaty ally, is going through a political crisis. And it's not inconceivable that within three months, they could have basically a communist as president. This is really serious stuff.

That I don't know, Mike. But if you said 15th, I would say that's really high. Would have been, my guess, even lower than that. But one other thing. South Korea, which is a US treaty ally, is going through a political crisis. And it's not inconceivable that within three months, they could have basically a communist as president. This is really serious stuff.

So that means number one and number two, shipbuilder would basically be in Beijing's orbit.