Political News and Conservative Analysis About Congress, the President, and the Federal Government
Blocking the deal will endanger, not save, American jobs. The almost certain result of the Biden-Harris fake nod to “made in America” values is that thousands of Pennsylvanians will lose their livelihoods. It’s far better to have Japanese corporate owners support American jobs than to have U.S. corporate owners cut jobs while ordinary American stockholders and pension fundsfrom their savings.
That’s where Nippon Steel, the world’s third-largest steel producer, came in. On Dec. 18, 2023, it agreed to purchase U.S. Steel for $14.1 billion, and since then, it has pledged to execute binding contracts to invest $2.4 billion in upgrades to U.S. Steel facilities nationwide, including at least $1 billion in the Pittsburgh area. That’s one reason why, despite union opposition,Nippon already operates smaller steel operations elsewhere in the U.S.
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