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
#2Crazy 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
#3Where 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.
Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel
#4Crazy 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.
Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel
#5Crazy that congress is fighting over ownership of TikTok, but letting a critical piece of US manufacturing be foreign owned with hardly a word.
Having an adversary control the psychological inputs to half of your population (including a majority of the youth) is clearly a bad idea. I actually commend congress for taking this action, no matter the rhetoric.
US steel is a separate issue that also probably shouldn’t be sold, but at least with Japan there’s some reciprocity in access to markets.
Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel
#6Crazy that congress is fighting over ownership of TikTok, but letting a critical piece of US manufacturing be foreign owned with hardly a word.
I'm surprised this is confusing. While one could talk in terms of what is just and right according to law and rules, but this is without a doubt a political deciison.
It's a question of US-opposed vs US-aligned country company ownership.
Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel
#7Where 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.
Nucor exists. US Steel is not #1, even in US.
Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel
#8Crazy that congress is fighting over ownership of TikTok, but letting a critical piece of US manufacturing be foreign owned with hardly a word.
There's obviously a difference between Japan, a US ally, ownership and China, a US enemy, ownership. Chinese 50 cents army hard at work here.
Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel
#9Crazy that congress is fighting over ownership of TikTok, but letting a critical piece of US manufacturing be foreign owned with hardly a word.
“Foreign” comprises both friends and foes. That is more the key issue. If TikTok were from the UK, there would be no hearings in Congress.
Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel
#10Crazy that congress is fighting over ownership of TikTok, but letting a critical piece of US manufacturing be foreign owned with hardly a word.
They didn't care an actual us adversary bought a major pork producer in the US....
Japan is at least an allied country, and they wouldn't be buying a failing company to just throw it away. The company that mainly opposed it, Cleveland cliffs wants to buy the remains to have a complete monopoly on automotive metal supply.