Kamala Harris said US Steel should remain “American owned and American operated” during a visit to Pennsylvania on Monday, dealing the latest blow to Nippon Steel’s hopes of buying the company.
Harris’s comments about a proposed foreign takeover of US Steel echo US President Joe Biden’s own opposition to the deal with Nippon Steel. However they have new significance since Harris, Biden’s vice-president, is now the Democratic nominee for president. “We will continue to strengthen America’s manufacturing sector,” Harris said at a union hall in Pittsburgh, the city where US Steel has its headquarters.
“US Steel is a historic American company, and it is vital for our nation to maintain strong American steel companies.”
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@BoldChileRepublican2yrs2Y
If U.S. treats its closest ally like this, it shows U.S. has no allies but only stooges.
@8TJTZL5Republican2yrs2Y
Nonsense. Watching how Tata steel keeps messing the UK government, any US administration will be stupid to allow this deal to go through. Sadly, Nippon were badly advised attempting such a takeover in a very partisan election year. Maybe a significant but minority equity investment is the better way to go for a few years, or a JV. Hiring Pompeo to lobby for the deal is insignificant, especially if he has designs on running in 2028
@ISIDEWITH2yrs2Y
@ISIDEWITH2yrs2Y
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