Where are the subsidies for US Steel? This seems like a critical input for national defense and industry. Even though the Japanese are allies, we should always have a domestic iron in the fire.
U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel
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Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel
#12https://www.construction-physics.com/p/no-inventions-no-inno...
Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel
#13Crazy that congress is fighting over ownership of TikTok, but letting a critical piece of US manufacturing be foreign owned with hardly a word.
I think the critical difference is that Japan is an ally and China is not.
I am pretty sure that at one point China was an ally and Japan an enemy. I think.
Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel
#14Crazy that congress is fighting over ownership of TikTok, but letting a critical piece of US manufacturing be foreign owned with hardly a word.
Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel
#15Earlier quoted context omitted.
I think the critical difference is that Japan is an ally and China is not.
For now? I am pretty sure that at one point China was an ally and Japan an enemy. I think.
Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel
#16Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel
#17Earlier quoted context omitted.
I think the critical difference is that Japan is an ally and China is not.
For now? I am pretty sure that at one point China was an ally and Japan an enemy. I think.
Now, the fear/hate is aimed at China, same reason.
Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel
#18There are not many industries like that anymore - steel still is, oil, and some industrial chemicals. But even Pharma has slightly different cost structures.
The big remining one is chip making - I wonder if “data centres” counts too?
Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel
#19Earlier quoted context omitted.
For now? I am pretty sure that at one point China was an ally and Japan an enemy. I think.
In the 80s and 90s there was a lot of hostility to Japan, because they looked like they might surpass us economically. They were even the villain of some Tom Clancy books. Now, the fear/hate is aimed at China, same reason.
Let's also not forget the reciprocity of the hostilities.