And how is this free market capitalism? If company approves the sale and Japan is willing to buy it, why there's a government intervention. Late stage capitalism 🤡
Fleecing of USA 🇺🇸 RAW MATERIALS MANUFACTURING IS WHY USA 🇺🇸 IS IN THE MESS WE'RE IN NOW‼️ ANTI-AMERICAN CEOs SELLING THE AMERICAN DREAMS OUT FROM UNDER OUR VERY USA 🇺🇸 COMMUNITIES FEET FOR RIDICULOUSLY HIGHER PROFITS 📈 💵💰🤑 TO RESELL BACK TO USA 🇺🇸 FOR EVEN HIGHER PROFITS 📈 💰💰💰🇺🇸🔝1%🤑
@@ImOnGearSoWhat I agree that good management and liquidity are important factors, to which they have been having problems with, but those two factors are only part of the problem. There are many factors that have larger impacts. Japan buying the company will not solve this. Japan says it will not export steel produced but with their economy at a 10 year high for importing steel, that can't be trusted. It would make sense that instead of buying steel from China, they would ship steel from the company purchase to strengthen their economy. I did a ton of reading and learned a lot of things that I didn't know. Because of all the reading I see the much larger picture. One thing is certain though. If the sale goes through, the CEO and stock holders will get filthy rich.
Are we supposed to feel sorry for the steel workers union? This is who they wanted, but didn't get a plan... just "concepts of a plan." Trusting a felon, fraud and liar is not how you go about business.
Because we blocked the acquisition of a steel plant from Japan?! ( Which is a national security interest by the way ) Seems a bit dramatic of you in my opinion. Also without the US where is your navy army and air force going to get their parts and chips required for production and maintenance without the US? Good luck trying to get China and Russia to help your military…
Japanese here. As an ally, this would be a win win project. We are wondering why. If American-based big company can save American Steel, that would be fine, though.🤔
The real reason is the upcoming war with China. The CIA reported that China is most likely to attack Taiwan between 2027 and 2035. Steel is a critical industry during war, so the federal government wants it to be domestically owned.
I agree... Japan is a STRONG ally and this is ridiculous. We have regulations on foreign ownership, and as long as Nippon follows them (and of course they are) this should be no problem at all. Unfortunately, America is going through a stupid period so we'll need a few years to sort it out ¯\_(ツ)_/¯
Hi person in Japan, I'm Canadian, we have great steel. As a matter of fact we produce, the US's weapons grade steel. We might be looking for different arrangements soon 🙂
The ones I feel most sorry for are the factory workers who got caught up in this political mess. Sadly, no matter the time or place, it’s always the hardworking people on the ground who take the hit first. It breaks my heart to think they might be going hungry.
I've seen an article from pittsburgh quoting the local unions and local politicians as being very supportive of the deal. The national union and state/federal politicians are more concerned about optics than principles.
Pittsburgher with many relatives that worked for U.S. Steel/Carnegie Steel here, we missed our opportunity to save U.S. Steel 50 years ago. Dumping tariffs on foreign steel will not work because we are ten years behind China and Japan in terms of infrastructure and technology when in comes to steel making. Only thing we have a chance of competing in right now is specialty steels like surgical grade stainless. Truth is that the government got blinded by greed when they saw all the tax dollars coming in from U.S. Steel, they left the workers unions to fight for better wages and benefits and spent no time analyzing how our product became less and less desirable in the world market. If the government slowly increased wages while counteracting increased labor costs with tariffs that probably would’ve saved the company. Too little too late, Americans love their inefficient unions too much and despise any government control over business.
You are correct about specialty steels as that is the focus across the board as countries are competing in the same game. US Steel moving away from coal foundries to electric to reduce carbon emissions did not make them pioneers as other countries did the same thing. China over producing steel to supply their ever growing economy, tied in with huge subsidies to their steel producers, they ended up with a huge surplus in steel to which they started selling at a lower rate instead of taking a full loss. That drove down steel prices across the globe causing steel companies to try to compete. With the industrial sector making up almost half of China's GDP that also is the greatest downfall for them. The union members lost their arbitration case trying to stop the sale. The crazy thing is that the news, left wing news, reports that the union members were in support of this and that is far from true. The stock holders are and so is the CEO Burritt because they will get wealthy. People have completely stupid. Being a sheep is much easier than being the sheepdog.
Good if such mergers are blocked. On one hand, Americans complain that their manufacturing industry is dead, but on the other hand, they support foreign competitors taking over their manufacturing companies. I work in a chemical firm, which was acquired by a British chemical conglomerate in 2019. The business man is now selling us to a private equity firm even though our company is growing and thriving. Private equity firms should not be allowed to acquire companies. They treat companies like a cash cow only to make it fragile from inside and decimate the company within a few years. Lots of people lose their jobs because of such unwanted mergers and acquisitions. It kills the economy.
as a japanese Nissan is in danger of going bankrupt if they do nothing in this recession. So a Taiwanese company wants to buy it, but Japan has complicated feelings about it. So I can understand Trump's feelings.
Apparently NS has a tech advantage. Why no one in the USA wants to buy USS, esp for $800+/yearly ton of capacity? Consider USS share have returned less than 1.5% yearly stock appreciation + dividend over the last 20 years. Biden wants to stop this sweetheart deal, and Trump thinks that he can magically improve USS profitability at the cost to USA taxpayers. Trump does not know the steel industry. Trump should talk with his former Secretary of Commerce Wilbur Ross, who purchased the bankrupt assets of Bethlehem, LTV and Acme, and flipped them by selling his ISG to Mittal. If integrated steel was so profitable, why did he sell?
US Steel is located in Fairfield, Alabama just a few minutes away from downtown Birmingham, AL( known as the Magic City).I live in the metro area just a short drive down the road from Fairfield. Bessemer,Ala(The Marvel City) and I've had many relatives and friends who have worked their many,many years ago and some of them even Retired from US Steel . my Uncle Randolph Bowden Sr.(Did 40 or morer years of service up until he wasn't able to continue to work one of.my Best friend's husband did at least over 30 years there as well.I said that to say this it should be handled over to be remembered and reminded as one of the biggest manufacturing steel industry in the US.and to continues to prersevere for the future of the United States Steel Workers of America. and for the future of Fairfield, Alabama. and theirCitizens.
Nippon Steel would put serious money into modernizing US Steel plants. Japan is an ally now. Nippon Steel knows how to make quality steel. Why not let them buy it.
Honestly as much as I'd prefer an American company too buy it if a foreign one can be as or more efficient than fine. Far more concerned with Private equity owning single family homes and foreign companies (and private citizens) owning way too much farm land
No, if it's that important then the government needs to 'entice' them to upgrade their infrastructure to be more efficient and more competitive instead of just continuing to dump tax money into the pockets of the owners/investors. A company WILL make their own choice to become more efficient, and thus more competitive, if the only alternative available to them is to go out of business if they don't upgrade. Investors are not going to spend money unless they are faced with losing their entire investment if they don't fix the problems.
Let the still company go under!! Steel companies never did innovation to upgrade. All these oil Europe union updated for the last 40 years. If your business can’t compete in the world market your fault as a business. American business are so shortsighted. Then they want help from the government. It creates a co-dependency. If more businesses were left to fail new ones will figure out how to make it work.
@ trump isn’t going to let them buy it. The steel industry in America has done nothing to upgrade their factories. They have done minimum upgrades at the most. Europe has done 30 to 50 years of upgrades. Last time they put tariffs on the steel industry from Europe because American companies didn’t invest in the future and couldn’t keep up. It’s a world market and companies in America need to invest in the future not just take the money and run and then beg for help from the government.
@@RKabasaC - Agreed. President elect Trump is not going to do what is best for our country as it relates to the global market or to our future (forced upgrades so US Steel can compete on the world market or close down). Instead he is going to do what is best to his wealthy US Steel shareholders/friends and just shovel some more of our taxpayer dollars into their pockets to keep an inefficient, non-competitive, and 'old school' way of operation barely alive - ditto for our USPS (Postal 'Service').
1. Japan is not same as China, regardless of your opinion or context. Asia has more than one country. 2. It would be manufactured here in US, ie its not going somewhere else. 3. Unions need to start solid voting with the side of the aisle that is actually in favor of protecting the small people.
I know it’s wrong but I can’t help laughing at those steel workers voting for Donnie only for him to immediately throw them under the bus. So long, suckers😂
Nippon Steel Buyout of US Steel => Macro Economic Arguments Never Considered? * The difference between the Nippon Steel offer that was approved by 99+ % of US Steel shareholders in Apr-24, and the highest Cleveland Cliffs offer would provide $790+ million in capital gains tax to the Fed Treasury. (In reality, far more in taxes, because the CC offer was shares & cash, not the all-cash NS offer, and because now, any CC offers would be thwarted on competition grounds and any CC offer would be revised to a much lower value.) * The Nippon Steel offer is all cash financed using money from Japan, not the USA. $14+ billion dollars would thus be injected into the US economy, enough money to easily create 14,000+ new jobs. If that money were to be raised from within the USA, that money from any buyout would not create any new jobs. (Note that the new jobs could be created would not be restricted to those related to the steel industry.) Those against the Nippon Steel buyout say it would be wrong because the profits will flow out of the USA and to Japan. Consider this: A share of X, (i.e., US Steel share), bought 20 years ago and sold at the $55/sh offered by NS, will have returned less than a 1.5% yearly interest rate including dividend. Trump has stated he will provide some sort of government assistance to prop up US Steel, at the cost of the USA Taxpayer, and make it "great again"....And get 1.5% return on that investment. Does this sound like a good deal, or a waste of Taxpayer dollars?
It's a very complex issue???? USA Can't renationalise it? even partially ?? de unionise it ?? Reduce wages like what Elon Musk like to do ?? Subsidize but control it ?? Raise more tariff on Chinese steel ?? Reduce Japanese steel tariff ?? Joint venture with Japanese??
I work at US steel Mon valley works and nobody who actually works there is against the sale. The condition these mills are in are terrible and need investment. Barely can run anything with out breaking down. Trying to run on 1930s original machinery
Saudi Arabia was able to buy the largest oil refinery in Texas under Trump's presidency. I wonder why his son-in-law was given two billion by Saudi Arabia?
@@samueladams4421 - I can understand that. I used to work at Los Angeles Ladder Company which was the premier ladder company in the US for producing the really large hydraulically-driven ladders used on fire trucks throughout the world. Company owners only wanted the profits and refused to invest in modernizing anything. Our machine shop (where I worked) spent most of our time just fabricating replacement parts for our broken-down production machinery (from World War II era), all of which were no longer being manufactured. Eventually the company went out of business because they simply could not compete with the newer more efficient companies from overseas. Greed bankrupt a company and put a lot of people with specialized skills out of work.
Sooo USA 🇺🇸 FUND MILITARY BILLIONS EACH YEAR BUT WON'T RESCUE KEY USA 🇺🇸 RAW MATERIALS MANUFACTURING INDUSTRIES IS WHY 💲FLEECING OF USA 🇺🇸 KEY ASSETS ARE UNDERMINING OUR USA 🇺🇸 NATIONAL SECURITY AND USA 🇺🇸 INFLATION RATES ETC ... TRUMP'S CABINET WE PRAY 🙏 CAN GUIDE USA 🇺🇸 INTO A SHREWD CONSERVATIVE USA 🇺🇸 BUSINESS MODEL COURSES TO MAKE AMERICA GREAT AGAIN 🇺🇸🥳🥰🎇👨👩👧👦🎆
We must keep, advance and purchase only from industry in the US at all costs. Fellow Americans cannot give up now! We are now finally seeing Americans move forward as one. We have to start somewhere! Get to work!
Another options is for USA 🇺🇸 TO BUY TAIWAN 🇹🇼 and JAPAN🇯🇵 and SOUTH KOREA 🇰🇷 MAKE THEM USA 🇺🇸 52, 53, 54TH STATES WITH THEIR OWN CULTURAL GOVTS TO PRESERVE ANCESTORY HERITAGES ... IT WOULD OPEN MANY DOORS OF TRADE OPPORTUNITIES WITH THE EAST AND SAVE ON USA 🇺🇸 IMPORT SHIPPING COSTS TO 🚢🛫🛩🛬 🚛🏭🚛🏢🚛 MARKETPLACE OUTLETS ‼️
you cant "buy" countries. secondly, a sum of money that big would most likely be equivalent to several quadrillion dollars. to put that into perspective, the entire world only has $80,000,000,000 if all money was converted to USD
And how is this free market capitalism? If company approves the sale and Japan is willing to buy it, why there's a government intervention. Late stage capitalism 🤡
Fleecing of USA 🇺🇸 RAW MATERIALS MANUFACTURING IS WHY USA 🇺🇸 IS IN THE MESS WE'RE IN NOW‼️ ANTI-AMERICAN CEOs SELLING THE AMERICAN DREAMS OUT FROM UNDER OUR VERY USA 🇺🇸 COMMUNITIES FEET FOR RIDICULOUSLY HIGHER PROFITS 📈 💵💰🤑 TO RESELL BACK TO USA 🇺🇸 FOR EVEN HIGHER PROFITS 📈 💰💰💰🇺🇸🔝1%🤑
Lol. It's a national security issue
It's a national security
And U.S. steel asking Nippon Steel for $800 million in penalties is ridiculous.
@@Kyle-xd4ep bro CHINA has been buying land near US missile silos THAT is a security issue. Not a NATO company purchasing land.
Tbh japan managing us steel isn’t too bad. their culture of management can benfit the us economy
Really? How so? Do you think this is all about management?
@@Zerozombie77 Good Management and cash. Both of those that US steel lack.
@@ImOnGearSoWhat I agree that good management and liquidity are important factors, to which they have been having problems with, but those two factors are only part of the problem. There are many factors that have larger impacts. Japan buying the company will not solve this. Japan says it will not export steel produced but with their economy at a 10 year high for importing steel, that can't be trusted. It would make sense that instead of buying steel from China, they would ship steel from the company purchase to strengthen their economy. I did a ton of reading and learned a lot of things that I didn't know. Because of all the reading I see the much larger picture. One thing is certain though. If the sale goes through, the CEO and stock holders will get filthy rich.
Like how he closed down multiple manufacturing jobs starting 2017?
How did he close down manufacturing jobs and what were those companies? I want to read what you have to say.
Are we supposed to feel sorry for the steel workers union? This is who they wanted, but didn't get a plan... just "concepts of a plan." Trusting a felon, fraud and liar is not how you go about business.
This is for the adults go live in imaginary land with Joe and kamala
Not at all lol
soon America will have no aliies
Correctamundo!
Trump's allies are The Saudi royal family, Netanyahu, Putin, Victor Oban, and Kim Jong Il.
Yup, they voted for this soo.. suck to be them
Because we blocked the acquisition of a steel plant from Japan?! ( Which is a national security interest by the way ) Seems a bit dramatic of you in my opinion. Also without the US where is your navy army and air force going to get their parts and chips required for production and maintenance without the US? Good luck trying to get China and Russia to help your military…
Japanese here. As an ally, this would be a win win project. We are wondering why. If American-based big company can save American Steel, that would be fine, though.🤔
The real reason is the upcoming war with China.
The CIA reported that China is most likely to attack Taiwan between 2027 and 2035.
Steel is a critical industry during war, so the federal government wants it to be domestically owned.
I agree... Japan is a STRONG ally and this is ridiculous. We have regulations on foreign ownership, and as long as Nippon follows them (and of course they are) this should be no problem at all. Unfortunately, America is going through a stupid period so we'll need a few years to sort it out ¯\_(ツ)_/¯
Hi person in Japan, I'm Canadian, we have great steel. As a matter of fact we produce, the US's weapons grade steel. We might be looking for different arrangements soon 🙂
Because Trump.
The ones I feel most sorry for are the factory workers who got caught up in this political mess. Sadly, no matter the time or place, it’s always the hardworking people on the ground who take the hit first. It breaks my heart to think they might be going hungry.
U.S. Steel is in too deep. The deal has to go through. Hey local 2227, trust your fearless, honest leader. FAFO!
I've seen an article from pittsburgh quoting the local unions and local politicians as being very supportive of the deal. The national union and state/federal politicians are more concerned about optics than principles.
@@Joe-ij6of if US steel closes production , the profit margin for existing steel makers will be enormous,. more inflation more profit.
The company was failing. There should not be corporate welfare. So where does the company get the financing required to stay afloat?
Pittsburgher with many relatives that worked for U.S. Steel/Carnegie Steel here, we missed our opportunity to save U.S. Steel 50 years ago. Dumping tariffs on foreign steel will not work because we are ten years behind China and Japan in terms of infrastructure and technology when in comes to steel making. Only thing we have a chance of competing in right now is specialty steels like surgical grade stainless. Truth is that the government got blinded by greed when they saw all the tax dollars coming in from U.S. Steel, they left the workers unions to fight for better wages and benefits and spent no time analyzing how our product became less and less desirable in the world market. If the government slowly increased wages while counteracting increased labor costs with tariffs that probably would’ve saved the company. Too little too late, Americans love their inefficient unions too much and despise any government control over business.
You are correct about specialty steels as that is the focus across the board as countries are competing in the same game. US Steel moving away from coal foundries to electric to reduce carbon emissions did not make them pioneers as other countries did the same thing. China over producing steel to supply their ever growing economy, tied in with huge subsidies to their steel producers, they ended up with a huge surplus in steel to which they started selling at a lower rate instead of taking a full loss. That drove down steel prices across the globe causing steel companies to try to compete. With the industrial sector making up almost half of China's GDP that also is the greatest downfall for them. The union members lost their arbitration case trying to stop the sale. The crazy thing is that the news, left wing news, reports that the union members were in support of this and that is far from true. The stock holders are and so is the CEO Burritt because they will get wealthy. People have completely stupid. Being a sheep is much easier than being the sheepdog.
Not even in office and the 1 man wrecking crew is already wrecking 🚧
Biden is actually leaving office and has been there for 4 years, so the wrekring is about to be over
If any workers end up being affected, sorry for the Non-Trumpers....the rest....No Comment!
I have a comment. You got exactly what you wanted, don't cry now.
Fix the US steel industry and do it fast. Make it profitable. As a Canadian its embarrassing to me America would sell out to Japan
Let’s make America great. Again. #FAFO
It's only controversial because of politicians. When the plant shutters it's doors, then what.
The guy that wants to build in Russia
Imagine all others countries having same attitude towards US companies😂
So Japan can own land here, but we can't buy land in Japan? So what's your point, we are doing what they already do.
That's America s fault😂@@j-crancranford2153
@@j-crancranford2153 False, you can buy lands there. Restrictions don’t even exist.
Good if such mergers are blocked. On one hand, Americans complain that their manufacturing industry is dead, but on the other hand, they support foreign competitors taking over their manufacturing companies. I work in a chemical firm, which was acquired by a British chemical conglomerate in 2019. The business man is now selling us to a private equity firm even though our company is growing and thriving. Private equity firms should not be allowed to acquire companies. They treat companies like a cash cow only to make it fragile from inside and decimate the company within a few years. Lots of people lose their jobs because of such unwanted mergers and acquisitions. It kills the economy.
He gonna buy it!?!?
Private prisons are gonna make money .
as a japanese
Nissan is in danger of going bankrupt if they do nothing in this recession. So a Taiwanese company wants to buy it, but Japan has complicated feelings about it. So I can understand Trump's feelings.
Biden was already doing that. Another thing Trump will try to take credit for
Japan wants to modernize the plant to preserve jobs. Without this deal the plant will close and thousands of jobs will be lost.
There are so many Americans billionaires industrialist can buy the USS ? Why nixcon.?
Clueless! Just utterly clueless.
@ clueless ?
Private prisons.
Apparently NS has a tech advantage.
Why no one in the USA wants to buy USS, esp for $800+/yearly ton of capacity? Consider USS share have returned less than 1.5% yearly stock appreciation + dividend over the last 20 years. Biden wants to stop this sweetheart deal, and Trump thinks that he can magically improve USS profitability at the cost to USA taxpayers. Trump does not know the steel industry. Trump should talk with his former Secretary of Commerce Wilbur Ross, who purchased the bankrupt assets of Bethlehem, LTV and Acme, and flipped them by selling his ISG to Mittal. If integrated steel was so profitable, why did he sell?
US crap steel
I want to feel sorry for the steel workers. But, my laughter speaks louder.
US Steel is located in Fairfield, Alabama just a few minutes away from downtown Birmingham, AL( known as the Magic City).I live in the metro area just a short drive down the road from Fairfield. Bessemer,Ala(The Marvel City) and I've had many relatives and friends who have worked their many,many years ago and some of them even Retired from US Steel . my Uncle Randolph Bowden Sr.(Did 40 or morer years of service up until he wasn't able to continue to work one of.my Best friend's husband did at least over 30 years there as well.I said that to say this it should be handled over to be remembered and reminded as one of the biggest manufacturing steel industry in the US.and to continues to prersevere for the future of the United States Steel Workers of America. and for the future of Fairfield, Alabama. and theirCitizens.
Nippon Steel would put serious money into modernizing US Steel plants. Japan is an ally now. Nippon Steel knows how to make quality steel. Why not let them buy it.
I am team MAGA but he does not understand d huge economic shift since he left office.
Honestly as much as I'd prefer an American company too buy it if a foreign one can be as or more efficient than fine. Far more concerned with Private equity owning single family homes and foreign companies (and private citizens) owning way too much farm land
If it's that important then the government need to bail them out.
No, if it's that important then the government needs to 'entice' them to upgrade their infrastructure to be more efficient and more competitive instead of just continuing to dump tax money into the pockets of the owners/investors. A company WILL make their own choice to become more efficient, and thus more competitive, if the only alternative available to them is to go out of business if they don't upgrade. Investors are not going to spend money unless they are faced with losing their entire investment if they don't fix the problems.
Let the still company go under!! Steel companies never did innovation to upgrade. All these oil Europe union updated for the last 40 years. If your business can’t compete in the world market your fault as a business. American business are so shortsighted. Then they want help from the government. It creates a co-dependency. If more businesses were left to fail new ones will figure out how to make it work.
@@RKabasaC Huh? why would you let them go under when there's a willing buyer right now?
@ trump isn’t going to let them buy it. The steel industry in America has done nothing to upgrade their factories. They have done minimum upgrades at the most. Europe has done 30 to 50 years of upgrades. Last time they put tariffs on the steel industry from Europe because American companies didn’t invest in the future and couldn’t keep up. It’s a world market and companies in America need to invest in the future not just take the money and run and then beg for help from the government.
@@RKabasaC - Agreed. President elect Trump is not going to do what is best for our country as it relates to the global market or to our future (forced upgrades so US Steel can compete on the world market or close down). Instead he is going to do what is best to his wealthy US Steel shareholders/friends and just shovel some more of our taxpayer dollars into their pockets to keep an inefficient, non-competitive, and 'old school' way of operation barely alive - ditto for our USPS (Postal 'Service').
** TAX INCENTIVES WILL ADD TO THE $37 TRILLION DEFICIT AND TARIFFS TO DEMISS OF FIAT DOLLAR!
They voted for him so take it
1. Japan is not same as China, regardless of your opinion or context. Asia has more than one country. 2. It would be manufactured here in US, ie its not going somewhere else. 3. Unions need to start solid voting with the side of the aisle that is actually in favor of protecting the small people.
So another industry he's gonna poorly manage and bankrupt. Elect a clown, expect a circus🤣
I heard that the head of the steel union is apparently really upset over this. 😂 but why? Isn’t this what you voted for? #Thoughts&Tariffs
Steel workers feel "Gut punched". FAFO
I know it’s wrong but I can’t help laughing at those steel workers voting for Donnie only for him to immediately throw them under the bus. So long, suckers😂
Nippon Steel Buyout of US Steel => Macro Economic Arguments Never Considered?
* The difference between the Nippon Steel offer that was approved by 99+ % of US Steel shareholders in Apr-24, and the highest Cleveland Cliffs offer would provide $790+ million in capital gains tax to the Fed Treasury. (In reality, far more in taxes, because the CC offer was shares & cash, not the all-cash NS offer, and because now, any CC offers would be thwarted on competition grounds and any CC offer would be revised to a much lower value.)
* The Nippon Steel offer is all cash financed using money from Japan, not the USA. $14+ billion dollars would thus be injected into the US economy, enough money to easily create 14,000+ new jobs. If that money were to be raised from within the USA, that money from any buyout would not create any new jobs. (Note that the new jobs could be created would not be restricted to those related to the steel industry.)
Those against the Nippon Steel buyout say it would be wrong because the profits will flow out of the USA and to Japan. Consider this: A share of X, (i.e., US Steel share), bought 20 years ago and sold at the $55/sh offered by NS, will have returned less than a 1.5% yearly interest rate including dividend. Trump has stated he will provide some sort of government assistance to prop up US Steel, at the cost of the USA Taxpayer, and make it "great again"....And get 1.5% return on that investment. Does this sound like a good deal, or a waste of Taxpayer dollars?
will us dollars value be worthless? brics going to de dollarization of us dollars trump. should i call cramer
なんだこいつらまじで
It's a very complex issue???? USA Can't renationalise it? even partially ?? de unionise it ??
Reduce wages like what Elon Musk like to do ?? Subsidize but control it ?? Raise more tariff on Chinese steel ?? Reduce Japanese steel tariff ?? Joint venture with Japanese??
Take away the union and hell lose the midterms in that state.
No he won't, trump supporters love lower wages.
😂,🤣😂🤣😂
Win for Trump voters.
What are they winning?
Thats my hometown of Braddock, PA ❤
I totally agree, keep U.S. Steel American owned!!
I work at US steel Mon valley works and nobody who actually works there is against the sale. The condition these mills are in are terrible and need investment. Barely can run anything with out breaking down. Trying to run on 1930s original machinery
Saudi Arabia was able to buy the largest oil refinery in Texas under Trump's presidency. I wonder why his son-in-law was given two billion by Saudi Arabia?
@@samueladams4421 - I can understand that. I used to work at Los Angeles Ladder Company which was the premier ladder company in the US for producing the really large hydraulically-driven ladders used on fire trucks throughout the world. Company owners only wanted the profits and refused to invest in modernizing anything. Our machine shop (where I worked) spent most of our time just fabricating replacement parts for our broken-down production machinery (from World War II era), all of which were no longer being manufactured. Eventually the company went out of business because they simply could not compete with the newer more efficient companies from overseas. Greed bankrupt a company and put a lot of people with specialized skills out of work.
Under Trump we sold the largest oil refinery in Texas to Saudi Arabia.
@@samueladams4421 even worse without technology transfers old production is doomed
Sooo USA 🇺🇸 FUND MILITARY BILLIONS EACH YEAR BUT WON'T RESCUE KEY USA 🇺🇸 RAW MATERIALS MANUFACTURING INDUSTRIES IS WHY 💲FLEECING OF USA 🇺🇸 KEY ASSETS ARE UNDERMINING OUR USA 🇺🇸 NATIONAL SECURITY AND USA 🇺🇸 INFLATION RATES ETC ...
TRUMP'S CABINET WE PRAY 🙏 CAN GUIDE USA 🇺🇸 INTO A SHREWD CONSERVATIVE USA 🇺🇸 BUSINESS MODEL COURSES TO MAKE AMERICA GREAT AGAIN 🇺🇸🥳🥰🎇👨👩👧👦🎆
We must keep, advance and purchase only from industry in the US at all costs. Fellow Americans cannot give up now! We are now finally seeing Americans move forward as one. We have to start somewhere! Get to work!
Without this deal there won’t be much of a steel industry in the US to buy from.
Another options is for USA 🇺🇸 TO BUY TAIWAN 🇹🇼 and JAPAN🇯🇵 and SOUTH KOREA 🇰🇷 MAKE THEM USA 🇺🇸 52, 53, 54TH STATES WITH THEIR OWN CULTURAL GOVTS TO PRESERVE ANCESTORY HERITAGES ...
IT WOULD OPEN MANY DOORS OF TRADE OPPORTUNITIES WITH THE EAST AND SAVE ON USA 🇺🇸 IMPORT SHIPPING COSTS TO 🚢🛫🛩🛬 🚛🏭🚛🏢🚛 MARKETPLACE OUTLETS ‼️
you cant "buy" countries. secondly, a sum of money that big would most likely be equivalent to several quadrillion dollars. to put that into perspective, the entire world only has $80,000,000,000 if all money was converted to USD
@@harryjvoughtiii9835 oof..good idea on paper though.
I guess you forgot USA is in debt to China by billions
アメリカ人になるとか勘弁してくれ
Stock manipulation at its finest, crash it down to $5 again then you're a genius. 😮😊😊
It would be worthwhile to know what stock trades Goncalves and McCall have made in the last 13 months.
Hahahahahahahahahhahahahahahhahaha … you his who yall voted for lmao and he got y’all ahh and I mean you lose a job it’s just a job