US Steel taken over by JAPAN

The primary steel industry left the US years ago. China, India, and Japan already are all ahead of the US in steel production. The effects of losing US Steel may be negligible.

Hi, Jamin 👋

"The sky is falling, the sky is falling, the sky is falling..." - Jamin

Also, it's not Japan that's buying US Steel, you nitwit. It's Nippon Steel that is buying US Steel.

But...but...capitalism and free markets. Investors taking a risk. Mergers bring efficiencies. This is good for the shareholders. Blah. Blah. Blah.

Yea? Do you think American companies treat employees great or something?

These employees may be better off with new owners

What’s the damn difference?

We are not a manufacturing economy anymore. We are a service and tech economy.

The US has Apple, Amazon, Tesla, Meta, Alphabet, Microsoft, etc. The US will be fine.

It's not owned by the Japanese government. Are you that obtuse?

Re "America's done": When it comes to foreign trade, I'd say we were "done" right around the time that Trump started claiming "I charged tariffs to China", and people actually believed him.

TLDR: Tariffs are NOT a tax that you can charge to other countries. Full stop. Literally not a thing. There is no mechanism to charge taxes to other countries, and China did NOT pay the US money, let alone "billions and billions of dollars, believe me". Tariffs are a tax on American companies.

Japanese companies are typically better run, IMO. I wonder why 🤔

As others have mentioned, US Steel is being taking over by Nippon Steel, a Japanese company, not by a country.

US Steel has done an underwhelming job at keeping up with advances in steel production over the last half century - all the people who work (and will continue to work) at plants inside the U.S.A. will hopefully get to be a part of improvements at their facilities.

The fact that Nippon saw enough value in US Steel to buy it is better than many might have expected based on how the steel industry in the U.S.A. has fared over the last 40-50 years.

I was surprised that there was a US Steel to buy...

Wall Street and London bankers financed the Bolshevik’s.

Corporatism is the transexual sibling to your beloved socialism/communism.

Nippon could not afford Pittsburgh Steelers, went with PlanB.

Well, almost everything in Japan is owned by the Bank of Japan. Sooo…

Didn’t it used to be owned by the Russians?

You say that as if you are saying something to brag about.

How do nations grow at a rate greater than than the global growth rate? Net exporters or net banking deposits.

Service? It's time to gradually diminish expectations and gradually allow U.S. to shrink if you think service is the answer.

No more inexpensive real estate purchases. See Louisiana Purchase. I don't know if Alaska is worth it. A lot of money is needed to maintain and protect Alaska.

You stated we, U.S. are not a manufacturing nation then you listed a couple of manufacturing companies.

"Michael, We're bigger than US Steel"