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@Alex_Armlovich
@aarmlovi
America's strongest Asian ally—a country whose constitution we wrote, whose military we control, and whose islands we have occupied with 55,000 troops & huge naval bases for 80 years—is a national security threat because they want to invest too much in saving our steel mills
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Scott Lincicome
@scottlincicome
Here's the Nippon Steel order: whitehouse.gov/briefing-room/ Gotta love the mysterious, unstated "credible evidence"... that nobody actually believes. Looking forward to the lawsuits.
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David Watson 🥑
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@Alex_Armlovich
@aarmlovi
This 👇✅ The newly dominant anti-trade people start their arguments with securing core US warfighting industries against the CCP ...and then ten seconds later they pivot to attacking Canadian lumber, EU/NATO agriculture, Korean cars, & Japanese FDI
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John Arnold
@JohnArnoldFndtn
It's one thing to ensure economic resilience from China, our biggest geopolitical rival. It's another to build an economic moat around the US that excludes even our closest allies for no strategic reason.
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@Alex_Armlovich
@aarmlovi
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Jason Furman
@jasonfurman
President Biden claiming Japan's investment in an American steel company is a threat to national security is a pathetic and craven cave to special interests that will make America less prosperous and safe. I'm sorry to see him betraying our allies while abusing the law.
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Eric Hogue
@EricHogue0
Absolutely delusional takes. The concern isn't that Nippon Steel will maliciously sabotage US Steel, the concern is that they'll cut production to maximize profits, thus leaving the United States more reliant on imports.
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@Alex_Armlovich
@aarmlovi
"Anti-profit" is an argument for nationalization, not for blocking one subsidiary Delaware corp from buying another Delaware corp. Regardless, Nippon Steel's global competitiveness suggests their management & operating practices bode well for US Steel
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Donpaul Stephens
@DonpaulStephens
Spot on There seemed no better technology partner / investor / parent company - in the world. Even combined, they'd be under 1/2 the scale of China's largest steel group. If not them... How to entice the steel suppliers to Tesla & SpaceX to expand in the USA? as US Steel
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Akool Inc
@AkoolInc
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TBoneRibman
@MountainReach
Which one of our allies is mostly responsible for the collapse of US Steel? That country produced cheap inferior steel and dumped it on the market with the expressed intent to bankrupt US Steel.
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stork
@cool_junk_1000
This because "ally" is just the American, PC word for "vassal". You are right, but good luck. :/
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Basel Musharbash
@musharbash_b
They’re not “investing” anything. They wanted to buy the company from its current shareholders. The money from that transaction would not have gone to the company, it would’ve gone to its shareholders.
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M🇺🇦
@b0n0myt1res
How’s British Steel doing after being sold out? I’ll spoil it. It was a disaster. So much so the British govt might have to renationalise it.
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Cathy Callahan #WeAreNotGoingBack
@CathyCa80116006
Doesn't diss Japan....just means that something essential to US security should probably be controlled by US interests and completely subject to US law. I am going to trust POTUS on this one..the fact you refer to "saving our steel mills" demonstrates that something is askew in
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NanoMax
@MaxWithNanos
Maybe we shouldn't do that and focus on America. Yearly spending on all those troops is enough to buy a steel mill every year
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"Doctor" Thunderdome
@DrThunderdome
Eh... I can see your point, but I also remember Japanese automotive and electronics companies basically hollowing out American manufacturing not that long ago.
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Tony Nieves
@ultimateshowdo5
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Ken Moriyasu
@kenmoriyasu
Oops. White House copy-and-pastes from a previous presidential order on a Chinese real estate transaction and uses it for the Nippon Steel announcement. And forgets to delete the title.
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1sthand
@1sthand2
Nobody believes anything American nowadays. When you cannot even treat your *ally decently...What do you expect
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Marv
@thompson_marv
They also attacked us too dip shit. How bout we leave critical industries in the hands of America?
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@timlihk
How can you be sure that Nippon steel is not somehow controlled by the Chinese? They funded and created Baosteel, after all. You can never be more careful
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Prescott Watson
@prescottwatson
Another embarrassing example of how democrats fail to resist the influence of unions and jeopardize America’s future. So stupid. We already lost the elections all we needed to do was precisely nothing on the Japanese rescuing our industries
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Aintropy 🔰
@Aintropy
Biden central planning is going really well. Instead of being acquired they just go bankrupt. Because that's what best for workers.
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