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The Committee on Foreign Investment in the United States – better known as CFIUS – is supposed to prevent foreigners from making national security-threatening investments in this country. Unfortunately, it is run by the Treasury Department, which has the responsibility for promoting such cash infusions from overseas and rarely sees one it dislikes.

Take the $43 billion transaction CFIUS just approved. A Communist Chinese state-owned chemical company is now one step closer to buying Switzerland’s Syngenta, a leading manufacturer of pesticides, herbicides and other agribusiness products. Syngenta has plants in the United States that involve the handling of hazardous chemicals and directly impact our food supply.

What could possibly go wrong?

The short answer is a lot. China is increasingly aggressive and there is a distinct possibility of conflict. This is no time to be giving it control of potential time-bombs in this country.

Frank Gaffney, Jr.
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