Eurasia Review on Nostr: Domestic Politics Not Security Or Economics Sabotage US Steel’s Japan Deal – ...
Domestic Politics Not Security Or Economics Sabotage US Steel’s Japan Deal – Analysis
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Outgoing President Joe Biden and President-elect Donald Trump oppose Nippon Steel's purchase of US Steel to protect jobs and national security; Nippon Steel offers technology transfer and investment for upgrades; Nippon Steel's withdrawal from partnership with Baoshan Steel strengthens US-Japan ties; US Steel was once the world's first billion-dollar company in 1901; US phased out 46 million metric tons of steel capacity from 1978 to 1988; Nippon Steel is 4th in global production with 44 million metric tons, while US Steel ranks 23rd with 16 million metric tons; US steel industry faced deindustrialization and job losses despite protectionist measures; US maintains leverage over multinationals; a thoughtful industrial policy is needed for long-term competitiveness.
#UsSteel #NipponSteel #Biden #Trump #Deindustrialization #SteelIndustry #Japan #Politics #Economics #Globalization
https://www.eurasiareview.com/19012025-domestic-politics-not-security-or-economics-sabotage-us-steels-japan-deal-analysis/
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Outgoing President Joe Biden and President-elect Donald Trump oppose Nippon Steel's purchase of US Steel to protect jobs and national security; Nippon Steel offers technology transfer and investment for upgrades; Nippon Steel's withdrawal from partnership with Baoshan Steel strengthens US-Japan ties; US Steel was once the world's first billion-dollar company in 1901; US phased out 46 million metric tons of steel capacity from 1978 to 1988; Nippon Steel is 4th in global production with 44 million metric tons, while US Steel ranks 23rd with 16 million metric tons; US steel industry faced deindustrialization and job losses despite protectionist measures; US maintains leverage over multinationals; a thoughtful industrial policy is needed for long-term competitiveness.
#UsSteel #NipponSteel #Biden #Trump #Deindustrialization #SteelIndustry #Japan #Politics #Economics #Globalization
https://www.eurasiareview.com/19012025-domestic-politics-not-security-or-economics-sabotage-us-steels-japan-deal-analysis/