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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: 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: Miami Rebel

Uh, klownmala and clarifies can not be in the same sentence. Just sayin’. ๐Ÿ˜‚๐Ÿ‘


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 this๐Ÿ’ฉ? ๐Ÿšซ๐Ÿ’‰! ๐Ÿ‡ฎ๐Ÿ‡ฑ๐Ÿ‘!)
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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: 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 plansโ€ฆ..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: 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: Miami Rebel

She wants the state to take over it.


26 posted on 09/26/2024 2:03:59 PM PDT by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: Miami Rebel

It will die. Nippon will get it for cents, sans union.

US Steelsan.


28 posted on 09/26/2024 2:16:50 PM PDT by If You Want It Fixed - Fix It
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To: Miami Rebel
It should be clear by now that she doesn't *know* anything about anything. She babbles in vague language and uses a lot of words but doesn't say anything.

Behold the Potemkin candidate. She's a whole lot of nothing.

29 posted on 09/26/2024 2:19:12 PM PDT by Lizavetta
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To: Miami Rebel
It should be clear by now that she doesn't *know* anything about anything. She babbles in vague language and uses a lot of words but doesn't say anything.

Behold the Potemkin candidate. She's a whole lot of nothing.

30 posted on 09/26/2024 2:19:14 PM PDT by Lizavetta
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To: Miami Rebel

I can understand misgivings about a Japanese company owning a major steel plant in the US. If China does a lightning-fast invasion of Japan, to get even with them for the Marco Polo Bridge and the Rape of Nanking, that would give them control over the steel mills, at least on paper.


31 posted on 09/26/2024 2:23:11 PM PDT by Eleutheria5 (Every Goliath has his David. Child in need of a CGM system. https://gofund.me/6452dbf1. )
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To: Miami Rebel
The iconic Pittsburgh steelmaker raised prices when the Trump administration tried to help them out by raising tariffs on imported steel. They are a poorly managed company which is shedding market share mostly to China.

That might change if Nippon Steel takes them over and actually wants to grow market share.

34 posted on 09/26/2024 2:53:30 PM PDT by Vigilanteman (The politicized state destroys aspects of civil society, human kindness and private charity.)
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To: Miami Rebel

>>”Both presidential candidates should keep out of this.”

Keep out of this? You’re kidding, right? This is exactly the sort of thing Presidents are supposed to care about. Whether or not it’s ultimately approved, it shouldn’t just be rubber stamped without the executive branch taking a hard look at it to see whether or not it compromises jobs or national security in any way.


36 posted on 09/26/2024 3:03:32 PM PDT by mbrfl
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To: Miami Rebel
Trump is a knee jerk protectionist.
I like him better than any Democrat, but he's wrong about this.

Harris is playing "me too" and it's anybody's guess what would happen if she's elected.

37 posted on 09/26/2024 3:34:14 PM PDT by Salman (It's not a slippery slope if it was part of the program all along. )
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