The ongoing debate surrounds President Joe Biden's decision to block the acquisition of US Steel Corporation by Nippon Steel, a move criticized as bad policy by various commentators. Concerns include jeopardizing relationships with allies, providing leverage to China, and impacting the US steel industry negatively.
If President Biden were concerned about the vitality of US Steel, as well as the US steel industry and the US economy more broadly, he’d quietly let Nippon Steel’s bid to acquire the company proceed. https://t.co/gnd481yMuw #CatoTrade https://t.co/LqDYTbgvqY
Doing bad things for good reasons is the oldest trap in politics. How many more unwise policies will Joe Biden adopt in the hope of winning over swing-state voters? America’s president should beware lest he end up poisoning his own victory https://t.co/J4tBw7iQe0 👇
Ohio-based Cleveland Cliffs dominates the electrical steel market. Sadly, the Biden Admin is actively working ban American uniform-grain electrical steel in favor of European and Chinese amorphous steel. It shouldn’t take legislation to stop this madness, nevertheless HR7171-> https://t.co/kwaBGPNeDq
Trying to block the U.S. Steel merger not only imperils a relationship with a crucial ally but also provides an increasingly belligerent #China with another means of leverage, writes Heino Klinck. https://t.co/2w7vE5AGDA
Blocking the acquisition of the private steel company US Steel Corporation by a private company Nippon Steel in Japan—a strong ally—is bad policy, no matter the politics. The government having the power to stop transactions of private sector companies, even allies in different… https://t.co/0Irb2PheNx
In a knife-edge campaign—such as that being fought by Joe Biden—claims about ends and means can be used to justify pretty much any policy, however bad. We argue that the president is wrong to block the acquisition of US Steel https://t.co/RmQp3D6Jg7 Photo: AP https://t.co/36qaLaUrZK
"Doing bad things for good reasons is the oldest trap in politics. How many more arbitrary and unwise policies will Mr Biden adopt in the hope of winning over this or that group of swing-state voters?" 🔥 https://t.co/A7qzP0T1KS https://t.co/Ft9tqQu9WA
In a knife-edge campaign—such as that being fought by Joe Biden—claims about ends and means can be used to justify pretty much any policy, however bad. We argue that the president is wrong to block the US Steel acquisition: https://t.co/IvIffgP4Gv 👇