Sounds like a decent compromise to me. Of course, there will always be naysayers that will reject anything that Trump suggests because, you know, they are full of hatred for the orange man. I don't particularly like him as a president and never voted for him, but he is what he is and when something sounds OK I won't reject it just because he offers it.
Let's think about it, buying stocks of a company is called "investing" no ? When you "invest" enough and become the majority shareholders, you now own the company no ? That's literally capitalism 101.
But, if Trump prefers the term "invest", we'll play along!
LOL. Mate Canada and Mexico have already sign on the dotted line with China. Both Canada and Mexico will be the dumping grounds for China steel and with that 25% tariff and the inadequate steel production in the USA China steel will still be cheaper than the locally produce steel. With LA needing to rebuild, steel supplies were scarce before the fires. USS steel is on life support and now Fanta Fascist non support for a buyout. It would be lunacy to invest. Just ask Deepseek, LOL.
Donald Trump is not an industrialist so I am ambivalent about this suggestion.
He also thinks Spain is in BRICs and Jordan is a "very rich country", which presumably noone who's been there would agree with. We've been to Egypt and that was clearly not a very rich country in the early 2000s.
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TaiwanIsNotChina
Until we have huge tariffs on China, it is going to be tough to reshore manufacturing. Economists told us "sure there would be no problem...".
JeffLee
The US still has huge tariffs on China dating, of course, from the first Trump administration:
-Section 301 on $360 billion of goods, such as steel, aluminum, machinery, electronics, and consumer goods.
-imported solar panels and washing machines under Section 201
The US economy has boomed ever since despite the neolib globalists' predictions of doom. AKA. "the e-wrongimists" LOL.
commanteer
Sounds like they came up with a face-saving and politically expedient solution. Good for US Steel and good for the US.
Peter Neil
and just how do you know that this wasn’t isihiba’s idea and not trumps idea?
YeahRight
Sounds like a decent compromise to me. Of course, there will always be naysayers that will reject anything that Trump suggests because, you know, they are full of hatred for the orange man. I don't particularly like him as a president and never voted for him, but he is what he is and when something sounds OK I won't reject it just because he offers it.
Speed
Don't do it. Don't invest money in a sinking company that you can't control to make it profitable. This'll be throwing money.
kibousha
Let's think about it, buying stocks of a company is called "investing" no ? When you "invest" enough and become the majority shareholders, you now own the company no ? That's literally capitalism 101.
But, if Trump prefers the term "invest", we'll play along!
John-San
LOL. Mate Canada and Mexico have already sign on the dotted line with China. Both Canada and Mexico will be the dumping grounds for China steel and with that 25% tariff and the inadequate steel production in the USA China steel will still be cheaper than the locally produce steel. With LA needing to rebuild, steel supplies were scarce before the fires. USS steel is on life support and now Fanta Fascist non support for a buyout. It would be lunacy to invest. Just ask Deepseek, LOL.
kohakuebisu
Donald Trump is not an industrialist so I am ambivalent about this suggestion.
He also thinks Spain is in BRICs and Jordan is a "very rich country", which presumably noone who's been there would agree with. We've been to Egypt and that was clearly not a very rich country in the early 2000s.
garypen
A 51% and higher stake is still technically an investment.