Trump signed an executive order saying the tie-up could move forward if the companies sign an agreement with the Treasury Department resolving national security concerns posed by the deal. The companies then announced they had signed the agreement, fulfilling the conditions of Trump’s directive and effectively garnering approval for the merger… the agreement includes $11 billion in new investments to be made by 2028 as well as governance, production and trade commitments. Nippon Steel will buy a 100% stake in U.S. Steel…some Nippon Steel investors are concerned about short-term financial pressure due to the scale of the additional investment commitment…
Such an unimportant, unstrategic resource that you can afford relying on other countries production!
So long as the steel mills and foundries are located in the US it doesn’t actually matter who owns them if it comes to war. Not everything is Hitler but he did lure in industry only to nationalize it and give it to his friends like many other dictators.
America first right?
Why the fuck is the president the one who approves this kind of thing
Another pump and dump done right out in the open.