The potential acquisition of U.S. Steel by Nippon Steel has sparked debate. Critics argue that the Biden administration's industrial policies have made U.S. Steel an attractive target, and that opposition to the deal is driven by protectionism. However, proponents believe there are no national-security concerns and that foreign investment should be welcomed. They argue that the plants will remain in the U.S., making any potential takeover in times of war feasible.
Japan’s Nippon Steel should be applauded for betting big on America, the Editorial Board writes. What’s not in the national interest is mindless resistance to foreign investment. https://t.co/XkMN5LKxXk
If I were a protectionist, I’d simply ignore the economics when talking to learned people because there’s no reasonable case. If pressed on it, I’d admit protectionism makes us poorer but it’s important for [fill in nationalist phrase here]. Why do protectionists even bother?
There are no meaningful national-security concerns raised by Nippon Steel's acquisition. Even if you set aside that Japan is our ally, the plants will (obviously) remain in the U.S. So in the unlikely event we need to take them over in time of war, we'll be able to do that. https://t.co/OO0KqR8zV4
The irony of ironies: Much criticism of Nippon Steel’s bid emanates from those who support the industrial policies that made U.S. Steel an attractive takeover target in the first place. https://t.co/2PjnuYyWV2
Today’s editorial: Why there’s no reason to worry about the Japanese takeover of U.S. Steel https://t.co/2PjnuYyWV2
"Protectionists claim to be speaking for the national interest, but the knee-jerk opposition to a Nippon Steel-U.S. Steel tie-up is one more reminder that the real goal of protectionism is always to serve parochial political interests." 🔥 https://t.co/qve6WnMMqI
From the Editorial Board: Why there’s no reason to worry about the Japanese takeover of U.S. Steel https://t.co/E127Lj9BXI
"Biden’s Foolish Snub of Nippon Steel" by @WillRevenge https://t.co/VTXxWNCAn6 via @WSJopinion "The irony is that the Biden administration’s industrial policies prompted the deal" https://t.co/RmHdduczps