Chao family's business, which she and Mitch receive millions of income yearly, is shipping. The company, named Foremost, is in direct competition with USA steel.
...Foremost (click here) has received hundreds of millions of dollars in loan commitments from a bank run by the Chinese government, whose policies have been labeled by the Trump administratio as threats to American security. The company’s primary business — delivering China’s iron ore and coal — is intertwined with industries caught up in a trade war with the United States. That dispute stems in part from the White House’s complaints that China is flooding the world with subsidized steel, undermining American producers.
Foremost, though a relatively small company in its sector, is responsible for a large portion of orders at one of China’s biggest state-funded shipyards, and has secured long-term charters with a Chinese state-owned steel maker as well as global commodity companies that guarantee it steady revenues....
I don't care what she has to say. Her actions in CUTTING OUT competition with her family business is PRE CORRUPTION. It isn't that Choa's family has exclusive shipping from China to the USA for INGREDIENTS of steel.
...Since Elaine Chao became transportation secretary, records show, the agency budget has repeatedly called to cut programs intended to stabilize the financially troubled maritime industry in the United States, moving to cut new funding for federal grants to small commercial shipyards and federal loan guarantees to domestic shipbuilders....
This is a huge breech in USA national security. Set aside the coal and iron from China which is to produce steel. The fact China has an active interest in the USA shipping because it's companies are thriving at the cost of the USA. It serves China's best interest to maintain an active interest, such as campaign funding, no different than Russia.
Chao has proven she will use her power within the cabinet to end the competition with her family's business. Mitch McConnell needs to be removed from office. He is looking the other way to benefit his wife and the couples' wealth. Russian oil and gas are not permitted in the USA, so what is it doing here?
Moscow Mitch's Russian oligarch for Kentucky is directly involved in the steel industry. There is no getting away from the corrupt priorities of Moscow Mitch. He allows a communist oligarch from Russia to run a steel plant in Kentucky, while his wife imports everything needed to produce steel from China. The personal wealth dividend these two people carry into their own agenda is benefitting not only the McConnells/Chao, but, Russia and China as well.
Got that part? Chao is assisting Chinese students to staff the family shipping business, BUT, when it comes to allowing competition in the USA of smaller companies there is no such thing!
Understand Moscow Mitch is importing coal from China to make steel within the Russian steel rolling plant in Kentucky while stating he is protecting coal jobs in the USA. Kentuckians cannot look the other way or turn the other cheek when it comes to sending this deeply corrupt Senator and wife back to Congress.
Don't do it.
As the majority leader of the US Senate, he is controlling enormous power that is benefitting China and Russia and NOT his own constituents, yet alone the country.
