Schumer: “The Devil Is In The Details”

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Let me say this: obviously this is a promising development but, of course, the devil is in the details. I think those of us who feel strongly about this issue believe that the U.S. part of the British company should have no connection to the United Arab Emirates or DP World, which is fully owned by the United Arab Emirates. So therefore, we would have to examine this proposal. The bottom line is, again, if the U.S. operations are fully independent in every way, that could indeed be promising. If on the other hand there is still ultimate control exercised by DP World, I don’t think our goals would be accomplished and obviously we’ll need to study this agreement carefully.

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