This is the consequence of US steel tariffs: Former commerce secretary

Former U.S. Commerce Secretary Wilbur Ross reacts to bipartisan opposition to Nippon Steel acquiring U.S. Steel for over $14 billion on 'Kudlow.'
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[@marceporcello2825]

One day soon, we will be totally dependent on others to provide all of our daily needs and Americans will be poor

[@user-qf7ud5de9h]

It's already here you are either wealthy or poor right now

[@jdjsi3j3u3urhhy]

You will own nothing and be happy world econimic forum

[@Outrunninaround.]

I live in Pittsburgh, neighbors worked for Irvin works. Crap management (young college) wrecked it. Big push for electric furnaces killed it..

[@proteusaugustus]

This is The American Republic. Steel is national security.

[@peterponcedeleon3368]

If that is true, the government could forcefully take the steel that you own away from you. And even force you to work at a steel mill. Are you willing to give up your steel And are you willing to go to work in steel mill? Or are you a typical American, expecting others to do the job for you?

[@proteusaugustus]

@@peterponcedeleon3368 In a time of war we will. Dummy.

[@user-iy3dx1zl9q]

We just want healthcare pensions and morality without major inflation. We trust people just thats the issue of our time.

[@FucNo-f7y]

If its such a great company and moneymaker, why hasn't warren buffet shown interest? The company is a dog and they are trying to force down stock prices before a u.s. company makes a move and you are parroting what the elites want. 😂😂😂😂😂😂😂😂😂😂😂

[@OneWildTurkey]

This sounds like a circular argument. The steel being made in the same mills is fine. Where do the profits go?

[@paulrevere5197]

Not crazy about all the 'mixing' of resource owners, deals like this seem to be more about 'you let our billionaires do business in your nation and we'll let your billionaires do business here'. Yet another part of the 'one world order' that many are starting to learn about.

[@razorsedge7100]

Worked for USS at Braddock Plant (ET) for 47 years 1974-2021.Shitty jobs at first. Got better in the rolling mill as senority acquried. Shut down rolling mill in July. of 1992. Opened continuous caster Aug. 1 1992. For 20 years things were mostly steady cept for 2008. I got out with a pension I hope my younger compadres do the same.

[@oldgoat50]

I went in 2000 with 30 at USSteel Sheet &Tin. I got a question for all to see. When I started in 69 was making $2.25 in 1-1-2000 was making $13.60. Will you post what you made when you retired?😊

[@razorsedge7100]

I really don't know the exact figure but my estimate would be between 18 and 20 dollars an hour.@@oldgoat50

[@user-qf7ud5de9h]

Why do you think they would want to buy it? Do they pay US taxes, they own a different steel company in the US already?

[@lindagraham9991]

No other country should be allowed to own even our steel.

[@user-zp7jp1vk2i]

where to you think all that ore comes from to make US steel?? every hear of the Wreck of the Edmond Fitzgerald?? how about Sudbury nicke to make that steel hard? how about ........

[@rayrussell6258]

This is a national defense issue, our government should declare steel producers as a protected national defense industry, and deny the foreign acquisition of US Steel. Not long ago, when China attempted to acquire US oil companies, Federal regulators stepped in and denied approval of the acquisition. This should be handled the same way.

[@jefflassle6994]

All the US government has to do is confiscate the plants owned by Japan in case of a national emergency. National Security issue? Please.

[@user-xq1wz3tp5z]

I would argue that Honda is/(has been) a very positive contribution to the US auto industry and industrial base. I tend to expect similar results from the acquisition of US Steel. In return for access to US markets, Japanese management can offer good stewardship and investment in technology upgrades. Wilbur Ross owned American steel mfg assets and kept them viable during the GFC....

[@rayrussell6258]

@@user-xq1wz3tp5z it's a bad idea to allow any foreign entities to purchase assets required for our National defense, steel production is one of those assets. Management of those assets is lost by our country, and they can be removed and sent to their own foreign home country at any time. The Honda auto example does not fit this situation at all ..... there remain many US-owned auto company facilities in the US besides Honda.

[@damham5689]

If the government is so concerned in whats in the best interest of America and Americans why not be as worried about how US agriculture businesses sell much needed food to other countries, causing hunger for millions of Americans with shortages at home and higher prices ? America first only seems to be a political slogan thesedays.

[@jizzstain4458]

This is a massive security risk. The government should not allow them to sell. Bad deals.

[@renereed3023]

There goes our boats. Goodby navy. Dam the luck.

[@GH-ub7qz]

the Navy left in 1946

[@foxsmith5718]

Biden done gave away everything American, and vexed Americans-

[@WalterHildahl]

Not having control over manufacture of out own steel company is setting us up for trouble in the future . Political winds change suddenly!!!!!

[@paulcollins557]

If the physical assets stay in country, it doesn't matter. If however they remove them to cheaper locale there's a problem.

[@GH-ub7qz]

yeah...use existing locales, save shipping cost, avoid tariffs, modernize

[@paulcollins557]

@@GH-ub7qz You said it all when you say modernize because that means new skills transferable to other industries.

[@rayrussell6258]

you can't be partially pregnant, you either are, or are not. If you let an entity outside the US buy the steel mill, it's theirs to do as they please after that. They can take the production equipment to Japan and leave an empty building here if they want. We can't make steel here then, and that means we can't make equipment to defend the country. We become beggars to get steel, and that won't work. Japan could attack us again. Then what? To allow this corporate acquisition to go forward anywhere in any form, the barn door is about to close long after the horse escaped.

[@evan448]

in this case we are the cheaper locale than japan

[@GH-ub7qz]

@@evan448 yes 2d world country in most urban areas and poor rural...keep giving the government more riles and 3d is on the way

[@williamandrews781]

The good thing about a democracy is that the majority of voters get exactly what they deserve. The tragic thing about the "united" states is that it is impossible for normal Americans to have good government.

[@derricktapia2098]

Shouldnt he be in court? .... hes fired.

[@GodsOath_com]

Opposition because it's our only producer

[@Charles-ix5jc]

Why don't you just sell all of our companies to the foreigners and maybe we can beg for a check every month

[@ksjdfovck]

That’s racist. We buy foreign companies all the time.

[@Pj36663]

Wilbur needs to retire. Stay American ownership. Stop selling out

[@fleetwoodmacandcheese]

Tariffs work!

[@skins4410]

As a lifelong master machinist, watching what happened to steel ind over course of my lifetime,the worry goes to china. Weve been paying back loans with mineral rights thinking we were giving them useless property being as its NOT FARMLAND, this tactic backfires and we will be sending ore to china to turn around and buy it back! This WILL push manufacturing out of america buy driving steel thru roof, its pretty much common sense if you know manufacturing

[@user-gh7go3nx9i]

America likes "Free Trade" but does not like Nippon buying US Steel :) from JAPAN

[@charrin9086]

Try selling your American made products in Japan...I lived this world in the auto business- there are models like Mustang and Corvette that would do well there- the government obstruction in Japan and China would blow your mind.

[@user-gh7go3nx9i]

@@charrin9086 American cars aren't crap like they used to be, but still trail relative to competitors.

[@darkdan3379]

Capitalism is a me 1st ideology correct?

[@briancoughlin6732]

Capitalism is for family first support my family and having enough money in the end

[@jonmunch3298]

And socialism makes everyone equally poor

[@henryblicharz5556]

Good discussion , But No Defense Guarantee is Still on the Table ! Can you really trust anyone anymore ? NO !

[@prescottmotley5225]

This is greatest example whats more important America or the free market. If you believe in America first then veto the deal but I don’t want to hear about free market bs and the other is if free markets is the most important then you have to let it past then I don’t want to hear about your america first

[@marceporcello2825]

Steel tariffs aren’t anything new, so stop with this idiocy. Greed is the root of this evil

[@0013619511]

Japan just wants the Iron Ore and coal there is only one Iron ore range left in the USA

[@dianascrimger284]

We americans cannot allow dr bob suzuki ex president of cal poly pomona win! He wiuld not help americans get jobs?

[@lm5085]

Time of conflict when we need steel. Who else we have make steel for the war machine?

[@user-nb2xm1kh9t]

No! So flick of the switch?

[@sewerrat883]

Congratulations Japanese for buying US STEEL 👏 🎉👍

[@AlexRad312]

Poor Wilbur……. 😭 ….. does anyone here think china, or Japan would ever let their top industry leaders within their industry ever be sold to a foreign entity? Let that settle in America

[@johnzoumpoulidis3279]

cleveland cliffs the largest tin mill in the country shuting down april 15 do to imports one mill after another good luck america

[@user-rl8mg2nw2s]

"car talks" were in the 1980's....

[@robertghorne8607]

Its been going ob sence the 70s on buy up steel companies

[@iammaximus614]

… another 10% to Comrade BigGuy For bowing to 🇨🇳🐲💵🐻🇷🇺

[@axulhijo]

Don't sell out our country!!! This man has one foot in the grave and the other on a thousand banana peels?! He is so out-of-date with reality!!!

[@criticaltheories5222]

If America goes to war in the near future, can we have it back, please?

[@rebeccastallard5366]

Rothschild Rockefeller

[@jeffreyrudolph5061]

A 99 year lease within the operating states , which is subservient to the war powers . All labor , safety & environmental laws are upheld against unfair labor practices via existing tariffs at the nation level .

[@SM-gp2xh]

The irony is ridiculous, once tariffs are in place, now the company is a target for foreign investment buyouts. So I thought the tariffs were a bad idea for business, hint: they aren't. So yes lets sell our US owned corps to multinational corps so that they can do what they please closing sites down and possibly reducing output. Its a security risk plain and simple, it is also not a good look.

[@jefflassle6994]

Tariffs are never good. The USTR 232 tariffs were supposed to save 26,000 US jobs. Instead, the tariffs accounted for the loss of 500,000 jobs all across American industry.

[@SM-gp2xh]

@@jefflassle6994 You think you know what you are talking about, you don't. Before 1999 China did not have preferential trade status and most tariffs were 40%. When Bill Clinton signed into law PNTR with China 3.7 million jobs in manufacturing were lost and still counting, not to mention support jobs that spin off of manufacturing that account for almost 11 million lost jobs since 1999 in the rust belt. Check out the house select committee on the CCP, they have done detailed studies on where our jobs have actually gone, the evidence is irrefutable. I suggest not listening to think tanks that have the backing of lobby groups. This also was a major factor in contributing to the 2008 crash.

[@jefflassle6994]

@SM-gp2xh yeah those politicians on the House Committee really know more than we who have dealt with international trade for 3 decades. I gave testimony btw to that committee on where they have gone wrong. China bought as much from the US as a percentage of their GDP as the US buys from China as a percent of our GDP. Guess how much that is. 2%. A moot point.

[@mikebierman4906]

what is the name of this music?

[@user-in8vv7ko5s]

We get our oil from our friends ". Like Venezuela , russia etc. So, at least japan is a friend!!

[@johnzoumpoulidis3279]

how bout the are going to bring still importing from japan on the prosesing plans us

[@michaellammert8084]

This

[@USA_C0ck_BIackedRaw_534]

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[@EllieMaes-Grandad]

spamming scammer

[@jeffsturm6221]

Old man sounds confused

[@hwy9nightkid]

another trogledyte , thanks so much Ross!

[@ThorDean-ly2bv]

Trump did that when he was president.

[@JonnyHolms]

Not another lefttard..

[@55points]

wtf are you talking about? They are doing it now. you guys blame trump for stuff your eff up poor excuse for a President does. well it dont work pal. joe bidens eff ups are his not trumps.

[@xtzarsenal]

Not to say I don’t agree with more partnership with Japanese companies they are one of our top ally’s in the world. But what do we export and produce anymore as a country? Speculation?💁🏾‍♂️😂🤣😂🤣💁🏾‍♂️🤣💯✊🏾⚡️💯

[@jrculbertson7463]

Wilbur IT'S TIME FOR YOU TO RETIRE!

[@edshep6600]

Trump put Tariffs on these companies and you said nothing Larry

[@diannethomas7057]

Listening to this guy is like watching paint dry. Hohum.

[@USA_C0ck_BIackedRaw_534]

Recognizing the talent, time, and hard work behind content creation, I extend thanks to the Achillesmon best rescue team for their exceptional work. Your dedication brings greater meaning, friendship, significance, and hope. We appreciate your commitment, and as viewers, we salute your professional and articulate coverage. Providing crucial, recent, and relevant information, you are credible and intelligent journalists. Your fair and unbiased reporting is truly commendable. The comprehensive and informative reports, along with crystal clear and profound analysis, contribute to real peace.

[@EllieMaes-Grandad]

spamming scammer

[@diegojines-us9pc]

FOX should change their name to FORMER since thats who they keep on the screen.

[@jefflassle6994]

Two people Ross and Kudlow who haven't a clue about international trade and tariffs. Tariffs are always a bad policy anywhere and goes against everything that is capitalism. To think that these two people know more about business than the captains of industry is just foolish. Ross is right on the Nippon issue coming to the US and the far-right should just go hide in a corner over their conspiracy theories and xenophobia.

[@jefflassle6994]

@@GarbagePlateROC if you say so. LOL