Trump vows to tank $15B buyout of US Steel by Japan’s Nippon

[@nonenone1680]

I am glad the Steel workers who voted for Trump got what they voted for.

[@steverogers7601]

They were too busy hating immigrants, women, and minorities to listen to what Dems have been saying all along. They are NOT smart people.

[@warfarenotwarfair5655]

Oh no, Trump will block union members trying to sell out to a foreign corporation.

[@bobmister250]

Lol, unemployment?

[@pandibbarman]

Unemployment 😂

[@TracyLindop]

He's going to tank the country

[@dirge8982]

Great now where's the US Steel that's going to fill the gap of the lost Japanese steel? The US steel industry is gutted. The industrial economy of the 19th and 20th century has been dead since the 1990's. Now you're going to be paying more for steel, because it's more expensive to get it from domestic producers than it is to import it from foreign producers. With a population of 330 million and growing the demand for steel for housing and construction is the highest in decades. This would be economic suicide.

[@TravisHouts]

You think your opinion is smarter than Trump’s and Elon Musk’s? You have one hell of an ego.

[@dirge8982]

@TravisHouts Yeah okay. They're economic geniuses. That's why they've ensured their followers are also economic geniuses. Like tariffs for instance. Tariffs are a tax on US importers of foreign goods, AKA, every major retailer in America. They pay the tariff. But they didn't bother to tell you people that. So you expect prices to go down, inflation to magically dissappear, when businesses are paying a 60% tax on imports, and taxes have been slashed, so revenue goals won't be met by the IRS, meaning less money to pay down the deficit, meaning higher inflation. And there is no way and hell they will cut enough government expenditures to match the loss of revenue from the tax cuts, meaning the US will have to borrow more, further devaluation of the dollar. But you're the geniuses lol.

[@TravisHouts]

@@dirge8982 I never said I was a genius, but I believe Mr Trump and Elon Musk are and will do a fantastic job. Trump is a billionaire and Elon Musk is the richest man on earth and the real life Tony Stark, Im sure Trump’s team is a-lot smarter on this topic than anyone typing a comment on youtube.

[@dirge8982]

@TravisHouts Okay well the policy is economically incompetent. The numbers aren't matching your expected results. And because they have money they're right? I mean most nazi policy was influenced by the wealthiest industrialists in Germany, who insisted that supplies of oil and raw materials would outlast the drive into the Soviet Union, they were wrong. And their economy was outstandingly mismanaged. Money means nothing in the face of the economic reality lol

[@TravisHouts]

@@dirge8982 are you even American?

[@bobmister250]

Hope US Steel workers like layoffs because without the cash from Nippon, they're losing their jobs. US Steel isn't viable on its own. It has sunk too far. It needs a buyer.

[@blubu68]

Trump 2024!!!

[@TheGor54]

We need our steel plants HERE! FTW!

[@bobmister250]

@@TheGor54 They won't be US Steel plants because US Steel can't compete. Maybe Nippon Steel will just build steel plants in the non-union south but the people in PA will likely lose their jobs over this.

[@drfrisker]

It simply means Nippon ( as well as other buyers) will be able to buy some assets via a middleman (hedgefunds / vulture capitalism)

[@EdWard-ju2gh]

Well how about the 8-10 % of the wealthest fuckers on the planet create a coop and buy it or float it. Oh that's right the RIO isn't enough we'll have to bring workers from 3rd world countries to do the work instead of paying a fair an honest wage.

[@GhoulSoulToll]

The entire point of Nippon Steel investing in USS steel would be to help the company and the country produce more steel. They were never a threat and wanted to make sure that they can invest in a secure place where they would have helped this dying company and keep the workers on. Absolutely asinine decisions by Trump

[@ranbo9390]

These are the same people the United States dropped 2 nukes on I wouldn’t trust them

[@jeremymartis]

If US steel was so important, why did it become so weak?

[@johnWick-lu3ev]

if it so weak why there's a buyer?

[@garyt-of6yb]

YOU MEAN LIKE AMERICA IS WHEN THE DEMOCRATS ARE IN CHARGE! THE LAST FOUR WONDERFUL YEARS OF PROSPERITY! STRENGTH IS COMMING!

[@Ap_twsh]

@@johnWick-lu3ev good point john wick

[@FiFo911]

Because Chinese make stuff without regulation, using cheap labor.

[@BeagleBob-zw7wg]

NAFTA, and every other offshoring effort like reducing tarriffs, so the elite can use slave labor

[@uniniversalstar1974]

For all you Steel workers who voted for Trump 😂😂😂That’s what you all get

[@gamerrowedy6614]

Cry harder libtard

[@EdWard-ju2gh]

Why to keep that division train moving right along...

[@steverogers7601]

@@EdWard-ju2gh the division train that republicans and trump supporters have been pushing all along, hating women, immigrants and minorities. Dems have not been behind the division.

[@lukask.7488]

Cause one side tries to divide us for years? And the other side won't suddenly buckle down because a clown got releceted. "The goverment you elect, is the goverment you deserve." And I'm all here for the conservative suffering the next 4 years :)

[@dylanhnh]

@@EdWard-ju2gh they still voted for someone who was obviously against their interests

[@Red-Check-Mark]

Companies can do what they want. If Japan wants to buy it, they should. Free market.

[@KibaWolfbane]

Funny you mention that, should the deal have been US Steel buying Nippon Steel, the Japanese government would've blocked it. Theyre highly protective of their companies. I don't see why we shouldn't do the same.

[@EdWard-ju2gh]

So in that case if China openly backed North Korea for the money and you had the power and desire you' d sell to North Korea? Nice.....

[@steverogers7601]

Yep! So when a company blocks a person from spreading hate, it’s not “being cancelled” It’s just as you said, companies can do what they want.

[@djuiop]

@@KibaWolfbane The Japanese government has never been involved in corporate acquisitions.

[@bobmister250]

@@KibaWolfbane It's unlikely that Japan would block the purchase of Nippon Steel if US Steel had wanted to (and could afford it). Japan has been pretty eager to get FDI since they get so little. That being said, Nippon wouldn't get bought by US Steel since Nippon is more than 2X the size. US Steel couldn't afford it.

[@SkidzTheSlayer]

Honestly Japan isn’t the threat here.

[@whittenbarger9145]

Another job trump wants to end

[@gerard4441]

Its not a matter of trust. No independent country, let alone a global superpower like the USA, should rely on another country to produce essential products, most especially steel.

[@yooyoo-jt4ox]

As a result, they were forced to manage their business so severely that they wanted other countries to buy them out

[@saltymonke3682]

USS isn't the only steel producer in the US and they're not even the biggest

[@danf1862]

@@saltymonke3682 that’s obvious. It doesn’t change anything. We lose the competitive edge every time some globalist chin wagger sells US manufacturing to a foreign entity. Have some F-ing pride and a backbone.

[@emikomina]

typical comments from people who know nothing about the steel industry. Even if Nippon Steel buys out US Steel, America isn't going to reliant on other countries for steel simply because US Steel has fallen a lot and it isn't even the biggest supplier of steel of any domestically owned steel company.

[@drfrisker]

Steel in america was big when they could burn coal and old growth forests as cheap production fuel for furnaces and smelters back in the day. now that electric arc furnaces are new fashion, execs can't make enough margin and recycling isn't exactly lucrative. It's no wonder a US company is willing to bow out when they can no longer exploit the environment or anyone (employees a la union, consumers, etc)

[@ronbelanger4113]

Ha, you did elect a toddler.

[@michaelellringer5600]

Trump is a Gemini. Gemini is dubbed the Eternal Teenager!

[@greenearthblueskies8556]

Nope, a fetus

[@EdWard-ju2gh]

at least a toddler can grow you fuckin idiots voted a cadaver congrats though you pulled it off. So Obama actually had 3 terms....

[@steverogers7601]

HAHAHAHAHA!!! Hey, Trump supporters; you reap what you sow!

[@Master-AGN]

Japan does high-end steel production (like oil rig pipes etc) the US doesn’t. So for cheaper access for US companies the deal make sense.

[@StevenSeagalGenius]

Yeah or the US could just do it too right

[@bobmister250]

@@StevenSeagalGenius Wrong. It's a lot of R&D & CapEx which costs a lot of money, which US Steel doesn't have.

[@stratman103]

You want to save USS? Make it non union. Here’s some steel companies no longer in business due to unions: Bethlehem Steel. Republic Steel. LTV Steel. RTI. Weirton Steel. All out of business thanks to the union label. And that is by no means an exhaustive list.

[@tllt4983]

So now it's the unions, not environmental regulations? Stop licking boots please.

[@ben5073]

​@@tllt4983next it'll be child labor laws.

[@crush9197]

Sounds like corporate non sense

[@blubu68]

A race to the bottom for the the orange man. Are you prepared to pick the cotton fields?

[@GhoulSoulToll]

The company's failures weren't because of a union. They failed to make any headway on sales and started dying with steel in the US. Nippon Steel was going to upgrade those facilities and bridge clients. For every one union company that has failed there are 1000 more non unions that failed.

[@steverogers7601]

Welp! You got what you voted for!!

[@RealMan-q9r]

Say goodbye to the world...

[@steverogers7601]

Blame trump supporters. They voted for their tangerine savior. See what you geniuses have done. Too focused on being angry and hateful towards women, immigrants and minorities.

[@saltymonke3682]

USS is sinking by its own employees. Too much compensation for simple jobs.

[@StevenSeagalGenius]

And too little compensation for all necessary jobs

[@ChillWill-q5x]

Sounds like the government

[@saltymonke3682]

@ChillWill-q5x a career in USS, was deemed like that back then in the ironbelt cities and towns due to its stability. Until the 1980s.

[@Fr3elancerflorida]

So US Steel wants to... pay tariffs by being owned by a JP company?

[@bobmister250]

I'm not sure you understand tariffs. Tariffs are taxes paid when goods enter the US. If Nippon bought US Steel, they would have made more steel in the US. The whole business case was to purchase the outdated American mills and upgrade them to make them profitable. Steel made in the US is not subject to US tariffs.

[@Fr3elancerflorida]

@@bobmister250 That's why I asked. For clarification.

[@greenearthblueskies8556]

"Trump is our hero" - US Steel workers 😂

[@Gardener7]

The US could buy iron ore and coal from Australia. Australia would rather sell its iron ore and coal to the US to make steel than China.

[@Ap_twsh]

yes good idea but need to be self relient before using imports its for national security. nothing against foreign countries.

[@josephwallis8965]

🙏🙏Australia's own Steel Production company is struggling due to cheap import, also they don't have the technology South Korea and Japan and USA have? Electric Arc ?

[@Gardener7]

@josephwallis8965 Australia is run by woke idiots who believe that steel manufacturing in Australia will ruin the climate, but if done in China is fine. So there are terrible laws on this in Australia making in not viable. However we do have plenty of iron ore to sell.

[@warfarenotwarfair5655]

America does all of the fighting, it can't have long supply lines.

[@NO50D1]

Um yeah... this seems like a no brainer. 15b? That a joke

[@reynaldodizon6563]

They shall also examine the buying of agri business like land, poultry and processing plant by foreign nationals.

[@EdWard-ju2gh]

Examine hell, it's already happening......All you mentioned and now it's moved into housing/rental market...

[@randyross5630]

Well, it seems Japan wanted to get into the US Steel Manufacuring Market because they wanted to Invest in it for their Own Strategic Interests, Making Sure would Could Produce more Steel, enough where they can make sure they get some, which is their Fear, if Tensions Really Escalate, we won't have enough Steel to Give Them, so their Hearts in the Right Place when it comes to Investing in our Steel Manufacuring... I Agree with Wilbur Ross! And Liked the Deal as Soon as I heard of it years back... I think Trump should let it happen, and Spend his Efforts trying to Get Different Steel Plants Open, Not Stop the Japanese from making this one Make more Steel for the Both of us/US!

[@djuiop]

too many misunderstandings Nippon Steel's management is moving toward acquisitions simply because they want to make U.S. Steel the number one steel company in the world. The purpose of the contract is to ``reorganize the management of US Steel,'' which will result in the company being managed separately from Nippon Steel. “All members of the board of directors will be American nationals.” “Maintaining the status quo of employees” “The factory will not be closed.” “Japanese steel technology support” Even if the acquisition goes ahead, it will not affect Japan, and even if the acquisition fails, the Japanese people will not suffer.

[@johnwashingtoncountyor4954]

We used to be a God fearing and self-sufficient nation. It's time to head back in that direction.

[@TravisHouts]

Absolutely

[@barbarashaffer8486]

man the next generation can hardly cook let alone work a full time job. i was thinking about that the other day. so many of our youth rely on door dash or someone else to eat their meals. then you see them in the work place and they have never held a broom before. our future really is bleak, i dont think we get back. we went to far the wrong way.

[@YuNherd]

@@barbarashaffer8486 make social upbringing uptight again

[@ronbelanger4113]

Ha which "god"?

[@shawnglassee7187]

God ain't got sh*t to do what's going on in this nation or the world! It's good ole man himself!

[@luffyland4996]

Good luck America 😂

[@ranbo9390]

It’s in United States it should be owned by American company

[@chaz3345]

What the fuck is actually going on?!

[@TracyLindop]

Trump wants to ruin America

[@pinkostv]

If this deal fails US steel will close there blast furnaces in favor of electric arc furnaces

[@Goku65027]

USA buying by Japan 🇯🇵 What a good days….

[@johnbrennan9584]

We have seen a lot of foreign dumping on the United States steel market.

[@larryolsen4422]

Thats great..!!?😊MAGA

[@AlexisDavis16]

Is anyone in the comments a US steel worker? How do you feel about this?

[@markm3.16]

It would seem wrong to me to sell a US company to a foreign nation, albeit a friendly nation, then, in essence, buy the products from that nation. Of course I don't have all the information but that's just the way I see it.

[@djuiop]

Even if it is acquired, it will still be a US company. This is not a business integration.

[@darrellgrant7615]

They may fly F35s but they’re not flying the same ones we are. We always sell jets to foreign countries without some of the latest electronics, radars, etc.

[@dianacunningham6984]

YES! Thank you President Trump!

[@greenearthblueskies8556]

😂

[@anonymoushuman8443]

MAKE STEEL GREAT AGAIN

[@Kerfew]

Companies who move their company overseas to avoid their fair share of taxes is traitorous yo me and not very loyale or patriotic to your country!

[@djuiop]

There is no talk of relocating over seas. management is not integrated. The sole purpose is to rebuild U.S. Steel.　 This is a rescue acquisition to keep us an American company.

[@ronwade2206]

Only if he gets paid in the process, greedy bastard. Germany January March and November 1933.

[@Heather.-1991]

No he isn’t . Liars

[@MirzaAhmed89]

I thought Musk was influencing policy, and Musk is a libertarian.

[@Kerfew]

Biden wont do it and neither will the tangerine savior 😂😂 dam Pennsylvania who's cheerios did yall piss in.😂😂

[@Js-gs4ti]

Biden shouldn’t help, they voted for the other guy.

[@greenearthblueskies8556]

Biden can't do it, he has "DEMENTIA" according to them. So let them keep that same disrespectful energy .😂🤣😂🤣

[@eddiekulp1241]

Truth is if we ever had a war like WW2 we couldnt build enough weapons , ships , vehicles , planes to win it .

[@randyross5630]

Not Exactly...

[@JB-lp9xr]

And yet by supplying a mere 4% of our annual weapons budget to Ukraine, we have allowed Ukraine to destroy over half of the Russian military. Trust me, we are just fine.

[@Buck_Bentley]

Thank you for saving the economy Mr.47 this is great news and people who are mad are woke

[@bobmister250]

Lol. Great news for the steelworkers about to get laid off.

[@Buck_Bentley]

@ hey the average Pennsylvanian votes based on oil drilling and steal manufacturing jobs. Two industries that only 0.012% of their population are employed in (that number has also been on the decline for decades lol). Makes sense that they vote for a man who wants to cut jobs, and whose job rate pre-Covid went down his last term. I love the 47! Pennsylvanians are not the brightest crayons on the box. They deserve this and the Eagles are frauds. Go Cowboys!!

[@DonKeecocked]

God damn I love this guy!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!11

[@jjrod2988]

What ever happened to that free market you people always cry about?

[@cdes68]

Grok Bot.

[@DonKeecocked]

@@jjrod2988 Free markets are important b/c it fosters competition. However competition is the ONLY important factor. National Security is more important. Try to think things through before posting silly comments like this. OK?

[@DonKeecocked]

@@cdes68 The name "Grok" originates from Robert A. Heinlein's 1961 science-fiction novel "Stranger in a Strange Land," where it means to understand something intuitively or deeply. I take that as a compliment. Thank you.

[@yooyoo-jt4ox]

@@DonKeecocked In the first place, Nippon Steel and USS had signed a win-win agreement by mutual consent. In fact, USS was in financial trouble and wanted to acquire USS in order to receive Nippon Steel's support. Now, mere emotionalism is about to blow this opportunity away. In addition to emotionalism, there is the issue of “national security. Japan is a strong ally of the US, and the US is a strong ally of Japan. Where on earth is the issue of national security? If that pride is bent, can we fire our working employees? Well, if the US government directly and successfully supports the USS, it won't be much of a problem. ......

[@LoveableLincoln32]

I hope it gets blocked. Weird the most promotion president of our lives did t block this deal. Also that total ham of a guy saying we trust them with weapons why not our most vital resource companies is absolutely ludicrous! I agree with the unions

[@rockon8174]

Majority (90 percent) of pharmeceuticals and vaccines sold in the USA are made in China. 😑

[@luffyland4996]

U just don’t want US property to be owned by foreign. You know this deal would be best, u and your country are so greedy

[@C-141B_FE]

All of this WINNING is overwhelming. More WINNING please thank you come again.

[@Silica_Packer]

America. This is what you voted for. This is what you wanted! Welcome to your own drama show. Lol your a spectacle! Shine Idiots! SHINE !

[@AN-nl9pu]

Same thing happened in Britain. India bought British Steel and then destroyed it. NOT in our country.

[@horriblespaghetti]

I think Japan is considered by most of the world to be a better run country than India is.

[@StevenSeagalGenius]

Yeah but you India you lose

[@elijahwojik1327]

😂🤣🥲…FAFO!

[@Mutlap]

US manufacturing was run off to foreign countries through tax rates and regulations. Then, people thought companies left because of greed.

[@MathWiz-k6c]

And that’s why they went to third world where there virtually no worker protection as US Anyone they can exploit Even a Fetus

[@mikewallace8087]

Clinton NAFTA then the PTA , CEO's will shave material from a product to make one penny more profit.

[@fookutube501]

Are you winning

[@Cucumberflavoredmustard]

All products vital to national security should be made here. metals, chips, composites, fuels, and rubber. We need to seriously think about repurposing some land in northern Florida for rubber plantations.

[@andrewva26]

now he needs to block the Remington deal with Czechoslovak Group

[@Jazzie654]

❤❤❤❤❤❤❤❤❤👍🏻🦶🏻

[@AntonioRandazzo-c3p]

GREAT REPORTING THANK YOU MISS

[@Richard-vk2vq]

Elon should buy it..!

[@713devereux]

Maybe you should buy it

[@greenearthblueskies8556]

​@@713devereuxOr your Mom 😂...from her social security

[@JB-lp9xr]

Why not Trump himself? Oh right, nobody pretends he’s an actual billionaire anymore.

[@greenearthblueskies8556]

@JB-lp9xr 😂

[@KiryuKazuma4u]

Okay maybe you gave 100 million in church

[@vincegaddy]

nippon steel will close all union plants when are contract is up . all they want is all the new plants down south

[@somaday2595]

Does that really make sense? NS is paying a premium for the overall US Steel assets, not just Big River I & II. NS could duplicate the Arkansas assets for less than half its total offer. It would be reasonable to believe NS will use its COURSE50 H2 injection tech in the blast furnaces, reducing the need for expensive coke on an iron tonnage basis and reducing the CO2 per ton of iron, too. That could also be a reason NS wants full ownership, not just a 49/ 51% deal and compromise its technology.

[@Mando_Trucker]

Profits over national security is nothing new.

[@JuanMoreno-pv2yf]

Ohh no cause of my own actions of trump supporters oh no lol you love it when you see it

[@JohnD6280]

No american steel, NO AMERICA! Elon, just write a check please!

[@StevenSeagalGenius]

Yeah it would just be steel

[@LigmaNutz-u7c]

Yes good us steel is meant to be in the US god bless trump

[@garyt-of6yb]

PLEASE OPEN YOUR EYES! FORGIVING THEM AND MAKING THEM PAY FOR HAWAII IS ONE THING! THEIR ARE PLENTY OF OTHER WAYS TO TAKE US OVER!

[@LorisSawmill]

Stop shouting. You're being rude! Turn OFF your Caps Lock! Writing in all capital letters ("all caps") is often interpreted as shouting, and is therefore discouraged. Learn Internet etiquette.

[@garyt-of6yb]

@LorisSawmill WHO THE HELL ARE YOU! GET LOST! I WILL ALWAYS USE CAPS LOCK THANKS TO IDIOTS THAT THINK THEY TELL YOU WHAT TO DO! GO BOSS SOMEONE WHO WILL LISTEN!

[@warfarenotwarfair5655]

Union workers were trying to sell US Steel to a foreign corporation with no union? Trump can easily bailout the company and create fair trade for US steel but we have whiny union members whining that they are not allowed to sell out to foreign corporations 😂

[@johnkeviljr9625]

Why is USS so f-ed up? Who can fix it? Ahhhh. I know who - Elon can do it.

[@Kerfew]

TRUUUMP!😂😂😂😂😂

[@Tomoraphor]

The Chinese tried and failed during the bush jr era

[@hush___gaming5598]

lol hmm trump didn’t own steel businesses and I’m not sure why anyone thinks he can order businesses who to sell to and who not too. That’s crazy lol

[@StevenSeagalGenius]

But Trump used steel to build skyscrapers

[@michaeljohnson7945]

​@@StevenSeagalGenius Trump bought steel from China for his skyscrapers.

[@joseortega584]

Yes..America first 🇺🇸