President Joe Biden‘s administration is set to invest billions of dollars in the domestic production of cargo cranes to replace those made in China, citing potential national security risks. What Happened: The Biden administration is concerned that the widespread use of Chinese-made cranes with advanced software at U.S. ports could pose a national security threat, reported The Wall Street Journal on Wednesday. The administration is planning to invest over $20 billion in port security, including the domestic production of cargo cranes, over the next five years. This investment will be drawn fro…