Trump receives an investment of $ 20 billion for shipping firm CMA CGM

The president of the United States, Donald Trump, said Thursday that the shipping firm based in France CMA CGM would invest $ 20 billion in the United States to build logistics and shipping terminals.

Trump told reporters that he would also announce a new program to build ships in the United States next week or the following week, including incentives.

CMA CGM is the third largest container shipping line in the world.

His CEO Rodolphe Saade, who joined Trump in the Oval office, confirmed the investment of $ 20 billion and said he was expected to create 10,000 jobs.

The shipping line industry faces uncertainty as Trump administration plans for import rates and port rates on ships built by the Chinese threaten to shake maritime trade.

The investment of $ 20 billion for four years would include the expansion of container ports and the creation of an air cargo center in Chicago with the support of five new Boeing Cargueros 777 flying by US pilots, CMA CGM said in a statement.

Saade, a French-book billionaire who controls the CGM of CMA with other family members, told Trump in the White House that his group was also looking for the construction of container ships construction and would make an announcement “in the coming weeks.”

The company also plans to raise its number of ships with an American flag to 30 of 10 currently, he added.

Performing naval capacity and construction compared to China has been a great concern for US officials. A White House Document Vista by Reuters showed that the Trump administration plans to impose rates on imports on Chinese manufacturing ships and offer tax credits to resurrect national naval construction.

CMA CGM operates port terminals in New York and Los Angeles that it acquired as part of the multimillion -dollar investments obtained on record gains obtained during a subsequent shipping boom to the cové.

Marseille -based firm is the largest load bearer for the US retail giant. UU. Walmart.

CMA CGM, which is also part of a boat exchange alliance with Asian lines, including COSCO of China, had warned last week that the United States port rates in ships built by China would have a great impact on all shipping companies.