Biden blocks Nippon Steel purchase of U.S. Steel
Allies or not, putting major US steel production in foreign hands is unwise and creates a potential…
Here are the top political news stories for today.
Well, please explain it to us, then. Seriously. What are we missing?
@ChowderAutumnRepublican2yrs2Y
Japan is an ally. Nippon was the only taker. They will invest in arc furnaces as they are knowledgeable about them and USS only built their 1st arc furnace in 2019. Arc furnaces have replaced blast furnaces for the most part. This acquisition will help USS in the long run and save thousands of American jobs.
BOTH the Japanese AND the US steel industry folks *strongly* support this deal. We're not in a 1980s, "Rising Sun" Crichton novel here -- we're ALLIED with the Japanese, vs. massive Chinese subsidized steel 'dumping'. This is good for Japan AND America -- the knee-jerk "oh, we're selling out to (fill in the racial blank)!" is simplistic, uninformed, and actually CONTRARY to America's best interests.Because: everybody's got an opinion, and happy to voice it w/o actually knowing any facts.(AND: what if it were, say: a BRITISH steel company - i.e., other white, English-speaking people? There is a LOT of clear knee-jerk anti-"other-people" going on here --- as the comments clearly show.)thumb_up3replyReplyshareflag
removeCharlotte from Fresno7 hours ago
I would argue that perhaps - just PERHAPS - Biden, as president of the U.S., has VERY knowledgeable expertise advising him on this matter. And I suspect that the argument for OR against the deal isn’t quite as decisively one direction as YOUR *opinion* claims. This deal comes at a particularly sensitive time following the Biden administration’s push, virtually single-handedly, to turn the tide toward U.S. domestic output of manufacturing and labor after decades of outsourcing both - a great harm that had been perpetrated on the American people by greedy corporations and their alli… Read more
Join in on more popular conversations.
