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Reply to "US Steel sold to Nippon Steel"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Better than China. Japan makes excellent steel [/quote] LOL. They are not samurai swords here. Japan excels at recycling steel rather than make it from raw materials. They already closed a US Steel plant a few weeks ago. The Japanese buyers promised to honor the latest union contracts. Yeah sure. My fear is they will buy the plants and keep them on permanent standby which is something they do. They keep a skeleton crew. JMO but our farmlands shouldn't be held by foreigners. Our apartments and rental units shouldn't be owned by foreigners, our raw materials that are needed for national security should not be owned by foreigners. Two weeks ago: [url]https://www.msn.com/en-us/money/companies/us-steel-layoffs-2023-what-to-know-about-the-latest-us-steel-job-cuts/ar-AA1kJuPW[/url] Fetterman is right in this case: [url] https://www.msn.com/en-us/money/markets/fetterman-says-he-ll-work-to-block-absolutely-outrageous-us-steel-sale/ar-AA1lHfjk[/url][/quote] That's easily solved with targeted tariffs. Require American steel to call a car made in America. The nice thing about a massive trade imbalance with Japan is that they don't really have any US exports to target [/quote] This steel will still be made in America. They aren’t moving Pittsburgh to Japan. Just the corporate profits, if there are any. [/quote]
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