Should Trump allow Japan to buy the U. S. Steel Corporation?

[Douglas1180]

The founding of the U. S. Steel Corporation was the beginning of an American industrial boom. At its peak, they employed 340,000 Americans. They put food on American tables and shaped American skylines. It's been around since 1901 and was America's first billion dollar company.

But underinvestment in Americans by Americans has taken its toll—U. S. Steel now employs only 22,000 people.

Now, Nippon Steel—a Japanese steel company—has proposed to acquire U. S. Steel for $14 billion. The Trump administration is giving the deal a fresh look, with a full national security review underway.

Supporters argue that Japan would inject billions of dollars, modernize operations, and revitalize the industry. Critics warn about foreign ownership of a critical U. S. asset and the implications for national security, not to mention the whole deal just seems, well, un-American.

Pretend you're one of President Trump's cabinet members or senior advisors—should the U. S. approve the Nippon Steel acquisition of U. S. Steel?

[AviatorTom]

Yes, but only on the condition that USSteel production remains in the US with no loss of jobs for at least 5 years.

[Douglas1180]

Thank you, Secretary of Commerce. 😁

[AviatorTom]

@douglas1180 You are very welcome. FYI, 5 years is chosen so, if there's any issue, the next administration will have to deal with it. 🙄

[BarryLiverstone]

I didn’t know a country can buy a company. An investor from that country can

[PavlovsCogk]

You didn't know that questions have a description underneath, where, sometimes, "Nippon Steel - A Japanese Company", is specified. IQ through the roof 👏👍

[BarryLiverstone]

If you didn’t know questions have descriptions then now you know

[BarryLiverstone]

The original question asked about Japan as a country. I was at my nephews baseball game between innings so didn’t read the entire details below the main q

[BarryLiverstone]

Ty for the complement on my iq

[Douglas1180]

@pavlovscogk I'm surprised the woke mobsters like @Abbycado haven't chimed in. Maybe this question is to high brow for them, too. But I'd think they have an opinion on whether or not the steel would still be American steel, once it's owned by Japan. She seems to think that German steel isn't American once an American buys it to make a knife.

[Douglas1180]

Or maybe big gape @Agape93 has an opinion. Do you think American steel would still be American once a Japanese company buys it, since you think that German steel isn't German when an American buys it to make a kitchen knife?

[Douglas1180]

*German steel is still German steel when an American buys it, sorry

[Agape93]

And why tf you tagging me when we aren't friends, Schweinesauger?

[Avicenna]

Only if there is done ironclad way to ensure that the acquired operations in the US can’t be shut down after the purchase closes.

[pacificopete]

Hell no!