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Kamala Harris clarifies her opposition to a U.S. Steel sale to Japan's Nippon
Pittsburgh Post-Gazette ^ | Evan Robinson-Johnson

Posted on 09/26/2024 1:02:14 PM PDT by Miami Rebel

Kamala Harris was greeted on the tarmac outside Pittsburgh Wednesday not by executives of U.S. Steel but by union leaders.

"It’s most important that we maintain America’s ability to have American manufacturing of steel by American workers,” she told MSNBC host Stephanie Ruhle.

Ms. Ruhle had compared U.S. Steel leaving Pittsburgh to Philadelphia losing the Liberty Bell to Newark.

The iconic Pittsburgh steelmaker has been trying to finalize a sale to Japan’s Nippon Steel for nearly a year, including a robust public relations campaign to convince politicians and workers that the $14.9 billion transaction is the best path forward.

Vice President Harris has voiced her opposition to the deal before, joining the ranks of Joe Biden and Donald Trump. But her remarks Wednesday offered the most detailed rationale to date.

"There is not a new industry that I can imagine that is not going to require steel,” Ms. Harris said. "And having American workers in an American company manufacturing that steel for those new industries is going to be critically important, not only in terms of our economy, but also in the context of national security.”

Her remarks come just weeks after U.S. Steel CEO David Burritt said the company may move out of Pittsburgh if a sale to Nippon Steel is blocked by the government.

Without foreign investment, U.S. Steel could be forced to close manufacturing centers in the region around Pittsburgh, Mr. Burritt said — a move that would put thousands of workers out of work.

The USW called the threats “reckless.” Politicians including Sen. John Fetterman accused the company of bluffing. But analysts and investors said the threats were likely legitimate. “They’d be out of there in a nanosecond,” said one investor speaking on condition of anonymity to discuss a private matter.

(Excerpt) Read more at post-gazette.com ...


TOPICS: Business/Economy; Front Page News; Government; Japan; Politics/Elections
KEYWORDS: harris; japan; kamala; nipponsteel; sale; steel; ussteel
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Both presidential candidates oppose this deal, and that makes zero sense.

Japan is one of our closest strategic allies, and at any rate Nippon isn't going to shutter steel plants in Pennsylvania and ship them to Japan.

Nippon is the only steel company in the world with the financial capacity to revive US production and secure US jobs. I can only guess that the unions (and the governor) are playing political chicken to get Nippon to sweeten the deal.

Both presidential candidates should keep out of this. (Full disclosure: I'm long X shares and options.)

1 posted on 09/26/2024 1:02:14 PM PDT by Miami Rebel
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To: Miami Rebel

Manufacturing steel requires ENERGY and LOTS OF IT.

Windmills & solar panels ain’t gonna cut it..........


2 posted on 09/26/2024 1:05:17 PM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: Miami Rebel

“Nippon isn’t going to shutter steel plants in Pennsylvania and ship them to Japan.”

Just about every trick in the book has been attempted in the effort to preserve American heavy industry, from selling off to foreign companies to employee ownership. Everything has failed, except the ONE SOLUTION to the problem that has the best chance of working, jettisoning the unions, which, sadly, will likely never be done.


3 posted on 09/26/2024 1:07:49 PM PDT by BobL
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To: Red Badger

Kamala wouldn’t understand that. She’s full of ‘magical thinking’ about almost everything.


4 posted on 09/26/2024 1:08:30 PM PDT by Jamestown1630 ("A Republic, if you can keep it.")
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To: Miami Rebel

Harris:

“Nippon ain’t chinese.”

/s


5 posted on 09/26/2024 1:08:40 PM PDT by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
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To: Miami Rebel

“Allow me to clarify my opposition about the clarification I oppose.”


6 posted on 09/26/2024 1:11:34 PM PDT by albie (U)
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To: albie

She had to check out the hacked Trump campaign documents that Iran sent her in order to pick Trump’s position on the issue and claim it as her own


7 posted on 09/26/2024 1:13:56 PM PDT by Sarah Barracuda
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To: Red Badger; thinden; RitaOK
.
8 posted on 09/26/2024 1:14:36 PM PDT by Cletus.D.Yokel (When I say "We" I speak of, -not for-, "We the People")
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To: Miami Rebel

Uh, klownmala and clarifies can not be in the same sentence. Just sayin’. 😂👍


9 posted on 09/26/2024 1:15:55 PM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉! 🇮🇱👍!)
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To: logi_cal869

Harris is signaling to Nippon that she hasn’t received her bribery check.


10 posted on 09/26/2024 1:16:16 PM PDT by Tell It Right (1 Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: Miami Rebel

so from cowgirl to reverse cowgirl??


11 posted on 09/26/2024 1:16:46 PM PDT by BigFreakinToad (just remember the Harris algorithm runs at 3 am.)
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To: Tell It Right

If she took Japanese $$, she might as well cut & run because she’d be done.


12 posted on 09/26/2024 1:18:18 PM PDT by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
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To: Miami Rebel

The local governments (city, county, etc) played this game and lost before. Trump got US Steel to do a billion dollar investment in the Pittsburgh area. The local governments wasted time, tried to squeeze more money - the usual nonsense. US Steel finally had enough cancelled the plans…..did a $1.5B investment in Arkansas instead.


13 posted on 09/26/2024 1:18:43 PM PDT by Repeat Offender (While the wicked stand confounded, call me with Thy saints surrounded.)
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To: Miami Rebel

Japan was our “ally” in the early 1920s.


14 posted on 09/26/2024 1:19:33 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: Cletus.D.Yokel

What is ‘U1’?

There is a special IC called the Apple U1:

What is Apple U1 Chip?
U1 is a chip-based technology developed by Apple, specifically designed for Ultra-Wideband (UWB) communication. UWB is a short-range radio technology that enables accurate distance measurement and location tracking between devices with the U1 chip.

Key Features:

Location Accuracy: U1 uses high-frequency, low-range radio signals and a time-of-flight system to quickly locate other U1-enabled devices, providing a more accurate positioning than traditional GPS or Bluetooth.
Proximity Detection: The U1 chip can detect the proximity of other U1-enabled devices, allowing for features like:
AirDrop file sharing by pointing one phone at another.
Precise directions to lost items with AirTags.
Seamless music transfer between iPhone and HomePod Mini.
Integration: U1 is integrated into various Apple devices, including:
iPhone 11 and newer (except iPhone SE series).
Apple Watch Series 6 and newer.
AirTags.
HomePod Mini.
Nearby Interactions: The U1 chip enables Apple’s Nearby Interactions feature, allowing devices to communicate with each other and trigger actions without the need for manual setup or pairing. This technology has potential applications in smart home automation, simplifying the connection of devices and reducing unintended triggers.

In summary, U1 is Apple’s Ultra-Wideband technology, enabling accurate location tracking, proximity detection, and seamless interactions between compatible devices.


15 posted on 09/26/2024 1:22:53 PM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: Red Badger; thinden; RitaOK

Happy to answer.
In the context of “America for sale”, U1 refers to the Uranium One sale to Russia (the ostensible proxy for Iran...).
American (on CONUS) Uranium mining concern.
Arranged by HRC and approved by greenie, Lurch.


16 posted on 09/26/2024 1:29:58 PM PDT by Cletus.D.Yokel (When I say "We" I speak of, -not for-, "We the People")
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To: Red Badger

Timeline may be wrong
May have been both arranged/approved by HRC


17 posted on 09/26/2024 1:31:10 PM PDT by Cletus.D.Yokel (When I say "We" I speak of, -not for-, "We the People")
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To: Miami Rebel; All

There is a difference between being against this as a policy and being against it as a political reaction. Policy wise: Is there a reason to ensure that there is a strong steel manufacturing base in the country, absolutely. What you do to ensure that happens is critical. Harris and Bidem created an environment that does not allow for a steel manufacturing company to thrive in America. Based on that environment the company was sold and after thoae facts were enshrined Harris and Biden came out against the same that they themselves made inevitable.


18 posted on 09/26/2024 1:34:22 PM PDT by wiseprince (Me)
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To: Miami Rebel

Kamala Harris clarifies her opposition to a U.S. Steel sale to Japan’s Nippon.

Because we still have plastic................................


19 posted on 09/26/2024 1:40:59 PM PDT by Vaduz
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To: Red Badger

WAIT UNTIL SOMEONE TELLS HER THAT ONLY FOSSIL FUELS CAN PRODUCE THE TEMPS REQUIRED TO MAKE STEEL......


20 posted on 09/26/2024 1:43:59 PM PDT by ridesthemiles (not giving up on TRUMP---EVER)
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