r/neoliberal • u/Saltedline Hu Shih • Dec 03 '24

Trump vows to block Nippon Steel's planned purchase of US Steel News (Asia)

https://mainichi.jp/english/articles/20241203/p2g/00m/0bu/020000c

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u/brucebananaray YIMBY Dec 03 '24

So the jobs in those towns and cities will be gone because Trump is petty and America first.

Hey, I don't feel sad about those workers losing their jobs because they voted for this moron.

8

u/blewpah Dec 03 '24

Asking for clarification cause I'm not in the loop about the situation with this buyout - how would this purchase protect jobs?

Is this Japanese company planning/expected to keep US factories running as opposed to them otherwise being closed and those jobs moving overseas or is it something else? First I'm hearing about this.

3

u/SpaceSheperd To be a good human Dec 03 '24

US Steel is very poorly managed. Ostensibly, if it were acquired by a better managed competitor, it would be less likely to have to shut down plants