“the four most prominent politicians in the country (sorry, Tim Walz) agree: U.S. Steel, a private company, should not be allowed to conduct a transaction with another private company unless the federal government agrees.<\/p>\n\n\n\n
This is absurd\u2014particularly because the deal is obviously in the best interest of U.S. Steel.<\/em><\/p>\n\n\n\n “We’ll admit that the competition for the dumbest economic policy is fierce these days\u2014with prices controls on food, a 10% across-the-board tariff, and national rent control on the table,” opined<\/a> The Wall Street Journal<\/em>‘s editorial board this week. “<\/em>But opposition to the Nippon deal deserves careful consideration for this distinct dishonor given the deal’s manifest benefits and nonexistent harm.”<\/p>\n\n\n\n Indeed, Nippon’s plan to buy U.S. Steel gives the legacy steelmaker<\/a> something that Trump’s tariffs and Biden’s blather about blue-collar jobs never could: A chance to actually become more competitive in the global marketplace. Among other things, Nippon has promised to invest $2.7 billion in revamping U.S. Steel’s plants.”<\/p>\n\n\n\n