Spyke
kbin.social

I am hoping that the opposition to this is ends up being political theater, because this protectionism is going to get in the way of higher-quality domestic steel production.

1
kbin.social

It's also an awful geopolitical own goal. From abroad, blocking this will look like 'a rule for thee and not for me' - American companies acquire foreign companies all the time with little fanfare, that's just capitalism, but this sort of nakedly xenophobic reaction to a company from one of the US's closest allies coming in will really undermine America (and by extension the US-led liberal economic order) in the wider world.

2

Exactly.

Unfortunately though, it fits squarely into the “America First” rhetoric that is resonating with a lot of America.

2

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Nippon Steel touts tech it can bring to US Steel, vows to push ahead with $14.1 billion acquisition: 'We have over 2,000 patents' | Spyke