Biden blocks $15B Nippon-U.S. Steel deal; Gary mayor warns of possible job losses

[@mikaelesmith475]

Your loss then! No other company or nation would made the generous offer and promise made by Nippon. No job losses for US steel workers, No relocation of HQ, 1 billion operation restructure for profitability, continuation of current US management and more. Now what Biden?

[@leroyj11]

I work there, they didn't promise no job loses, they promised nothing would change up until our contract which is next year

[@LetsFeelAllRight]

Apparently, factory closings, mass layoffs, declining international competitiveness, and ghost towns are not "national security" issues.

[@ByoUng-g4c]

USS should have tried investing in themself instead of just jerking off shareholders for 20 years

[@ri-no-6699]

USスチールはアメリカ政府が救済するって事ですね。

[@mikaelesmith475]

And the debt to be absorbed and paid by Americans for years to come. 😢

[@LetsFeelAllRight]

アメリカ「賠償金が尽きたらまた交渉させるだけ」

[@touka5217]

トランプ大統領がイーロンマスクにusスチールを買収されるのでしょう。

[@SevenMacEleven]

The fact that the Americans act like Japan is a strong ally but reality is that America sees Japan as a thorn in chinas side to manipulate

[@creekcherish878]

FJB

[@funkya1840]

Well. folks lets enjoy watch it go bankrupt

[@mauricemcgary10]

can someone tell me what all this means because it sounds like Gary Mayor is wrong

[@fjk8072]

Nippon guaranteed that they will invest for upgrade and expansion of the current US steel. After the rejection, there is no other buyer that will buy US steel as a whole company. Cleveland cliff was the other alternative but it is not sure if they will buy the whole US steel or just a small part of it. If the later options happens there will be a lay off for US steel and some of it might downsize

[@andyn2249]

China is like an ATM where withdrawals are impossible-you can’t send your money back to your home bank account. Now, the US feels like an ATM that takes your money away, because ‘what’s American is for Americans, and what’s yours is also for Americans.’

[@arvelia]

All fun and games until it goes bankrup hahaha

[@mnm2007]

Next "The American Way" Private Equity !

[@jogana6909]

US's "national security" is the most important.

[@AndrewDeLano]

What this decision tells the Japanese is that they are not an ally of the US.

[@funkya1840]

Correct. Putting Debt to the US tax payer is not important.

[@LetsFeelAllRight]

Apparently, factory closings, mass layoffs, declining international competitiveness, and ghost towns are not "national security" issues.

[@AlialiBinladen]

He wants his cut 😂

[@Wakeupdizzyhead]

No offer to extend our contract from Nippon. No Deal.

[@jjteam9102]

Greed

[@seymorefact4333]

🇺🇸 taxpayer will pay trillions to keep Uss open via Tarp, grants, subsidies. Plus, higher prices for consumer products.

[@andyn2249]

good for Americans

[@seymorefact4333]

@@andyn2249 No one is rich enough or dumb enough to buy a rust bucket corp and old triggered union workers. Except the US gov forcing taxpayers to bailout USS!

[@steveridge1564]

nucor could buy and kick out usw. or just go bankrupt. or nippon buys. only 3 options.

[@CarrieOKing]

America first!

[@P.90.603]

Americans first to lose jobs. Dumb!

[@kelincibodoh]

yes America first, no company can't buy great US steel but they will go bankrupt and their jobs will be lost but America first. This is funniest American.

[@LGVRhin-Rhone]

If you were really America first then you would support Nippon Steel's merger, as it would stop US Steel from going bankrupt. Remember, Japan is out no.1 ally and is NOT a threat.

[@JDMSwervo2001]

@LGVRhin-RhoneAmerica is not competitive

[@LetsFeelAllRight]

American First will reduce international competitiveness, factories will close, mass layoffs will occur, and ghost towns will be created. It is China that will be pleased with American First, which ignores market principles.

[@MrNorris121]

Make America Great Again , no sell off to overseas companies..

[@mms04270]

So you want it die? What a great idea

[@LetsFeelAllRight]

The future that awaits us in that decision is a decline in international competitiveness, deteriorating relations with allies, plant closings, mass layoffs, and ghost towns.

[@AndrewDeLano]

Elon Musk can buy US Steel.

[@andyn2249]

He can but he won’t because he does not need garbage

[@ShohTann]

right, and he can also replace all current workers with ai, robots, and computers.

[@LetsFeelAllRight]

If Elon Musk were to buy the company, the union members who were critical of the deal would be the first to be fired. Nippon Steel Corporation would have guaranteed their jobs as well.

[@randybutternub031]

All they have to do is wait for Trump 😂 Biden is just butthurt he didn’t make this deal!

[@maydate86]

He going to cancel it as well as he promised

[@Teeveepicksures]

Trump already said he'd block before Biden did.

[@Gocubsgo1958]

No more sales of our companies to foreign countries. If u.s steel had better management they would not need japan..do it on your own

[@Johnson-y4w]

And Western side steel production amounts will decrease. Congratulations you guys give big advantage to China

[@mms04270]

"If u.s steel had better management..." Well, they don't

[@Gocubsgo1958]

@mms04270 well they better get it fast and stop crying

[@mms04270]

@@Gocubsgo1958 Would you say the same thing if I had a tons of debt? lol Yeah they'd better get it fast so magically their company would go well! Wow, you just solved every problem that every company has! You deserve the Nobel Prize in Economics!!

[@Gocubsgo1958]

@mms04270 why don't you apply