Harris opposes sale of U.S. Steel to Nippon Steel at Pennsylvania event

Harris “is expected to say that U.S. Steel should remain domestically owned and operated and stress her commitment to always have the backs of American steel workers,” her campaign says.

How on earth will keeping US STEEL in the hands of Wall Streeters protect American jobs?

It's called Capitalism, Not Workerism!

I think these opponents are letting nationalism get in the way of reality. If Nippon Steel doesn't buy them, some private equity vulture capitalists will. They will promptly run up debt, lay people off, strip off the good assets and sell them, pocket the "earnings" then leave a picked apart husk for the bankruptcy judge to liquidate.

Moderator: Thanks for your contribution. Your comment has been featured in the latest episode of Japan This Week. Tune in to hear it!

This is today's USA, the global leader in trade sanctions, investment restrictions and tariffs.

"Everywhere I go I tell people, ‘Look, you may not be a union member, you’d better thank a union member,” Harris said, noting that collective bargaining by organized labor helped secure the five-day work week, sick-pay and other key benefits and solidify safer working conditions.

All true though looking back.

The GOP has continuously been an enemy of labor and Trump is no different.

https://www.theguardian.com/us-news/article/2024/aug/04/project-2025-trump-unions-overtime-pay

“When unions are strong, America is strong,” she said.

I hope it is not just rhetoric. Like it surely is with the GOP.

I wonder if the company name was anything else would this be such an issue. Desert Tortoise, I agree with you 100%. A Japanese owner would be much more likely to keep the jobs and try to curry favor, as compared to anybody else.

This is today's USA, the global leader in trade sanctions, investment restrictions and tariffs.

Try buying a Chinese steel manufacturer and see how far you get /:

Optics over substance, every time, followed by the same luke warm and unimaginative rhetoric. The democrats ARE the party of the establishment, yet still talk like they are the party of the workers and trade unionism. That ship has sailed, long, long ago Kamala.

The reactions to this (on here) could be fun.

A: "She never puts forward any policies"

B: "She just did"

A: "Um er well, I bet it's anti-American, because she's a Marxist!"

B: "She actually proposed that US steel remain American-owned!"

A: "Gosh, she's so insular, does she even have a passport?"

Try buying a Japanese steel manufacturer and see how far you get.

Try buying a Chinese steel manufacturer and see how far you get

Japan is desperate to buy overseas , they know the domestic market is shrinking beyond all control .

If their business plan is sound why not sell to them ?

I disagree with Harris. But watch. The far-right will flip-flop and say she's wrong. Because she said it.

The reactions to this (on here) could be fun.

A: "She never puts forward any policies"

B: "She just did"

A: "Um er well, I bet it's anti-American, because she's a Marxist!"

B: "She actually proposed that US steel remain American-owned!"

A: "Gosh, she's so insular, does she even have a passport?"

A: And, and….she talks about unions and organized labour and 5-day week and sick-pay and benefits. I knew it! She’s a communist and marxist!

B: ………….

Nippon Steel has asked Nagatacho to place tariffs on low priced Chinese steel flooding the market - due to real estate property sluggishness in China - against which Nippon Steel can’t compete in Asia hence the North American market and U.S. Steel.

The Asian market is where Nippon Steel’s customers are but Chinese steel makers are grabbing market share from Nippon, and they’re afraid they’ll lose the Japanese domestic market itself cited as a reason to place tariffs on Chinese steel.

China has more access to energy from Russia required for the production of steel. Japan does not enjoy the same lower cost supply of energy being a faithful loyal ally of the US. The U.S. should let US Steel decide. It’s the least they can do on top of asking Japan not to sell semiconductor chips to China.

It is quite costly to wear the badge of a US ally. Are you for tariffs or do you support free market principles?

The GOP has continuously been an enemy of labor and Trump is no different.

Not according to small businesses by far.

https://www.cnbc.com/2020/02/20/trumps-approval-rating-among-small-biz-owners-hits-64percent-survey-shows.html

I hope it is not just rhetoric.

Rhetoric.

https://www.foxbusiness.com/politics/coal-miners-slam-biden-white-house-walks-back-shut-down-pledge-trying-destroy-country

A: "She never puts forward any policies"

B: "She just did"

A: And, and….she talks about unions and organized labour and 5-day week and sick-pay and benefits. I knew it! She’s a communist and marxist!

This childish comment designed to make others look foolish has no substance. Opposing the takeover by Nippon Steel to me is not putting forward policies.

She merely commented where she stands regarding a possible acquisition. What presidential candidate would not back union workers at a rally on Labor Day?

Sadly, a bad policy that’s politically necessary.

Trump would do the same thing.

Perhaps post-election when sentiment has cooled, a deal will get done.

A Nippon Steal takeover is most likely the best for both shareholders and workers.

Optics over substance, every time, followed by the same luke warm and unimaginative rhetoric. The democrats ARE the party of the establishment, yet still talk like they are the party of the workers and trade unionism. That ship has sailed, long, long ago Kamala.

I think you'd feel better if you just admitted that there is literally nothing Harris could do that you would approve of. She could put forward a policy which happens to coincide 100% with what Trump would say, and you'd still oppose it because she said it.

The GOP has continuously been an enemy of labor and Trump is no different.

https://www.theguardian.com/usnews/article/2024/aug/04/project-2025-trump-unions-overtime-pay

https://www.allsides.com/news-source/guardian

Next!

Not according to small businesses by far.

Not Nippon Steel. And not labor.

https://aflcio.org/press/releases/donald-trumps-catastrophic-and-devastating-anti-labor-track-record

And not according to the contractors she cheated ay his bankrupt biz.

https://www.northjersey.com/story/news/columnists/mike-kelly/2020/01/24/donald-trump-still-owes-money-to-contractors-who-built-taj-mahal-atlantic-city/4547037002/

She gonna be President of the US in January

I support Harris by all means but US really has to stop obsessing over this steal deal, let it go for the best.

As commentators above dwell on the need to protect US steel production, to preserve and maintain steel workers jobs, to guard against unscrupulous foreign actors, their deliberate over production/state subsidies.

The villain, the rascal, the rouge, the global highwayman is the government of China, armed with a array of market distorting infamous practices, a cynical stand and deliver mentality to undermine destabilase fair global pricing.

To then secure market share and harm the long term US steel production security.

It is essential that global partners support fair trading compliance.

So U.S, Nippon steel should form and partnership alliance, equal shares.

The role of the "politician" should be create then enacting the legislative framework, to enforce tiered punitive tariff's if necessary.....

Please view....the government of china are proven to be the global Dick Turpin out to hold up law based open fair trading.

The impact of China’s industrial subsidies on companies and the response of Japan, the united states, and the European union

https://www.mitsui.com/mgssi/en/report/detail/__icsFiles/afieldfile/2021/02/19/2101c_matano_e.pdf

What Harris said: “When unions are strong, America is strong,”

What she sounded like: Apes together strong

Trump would do the same thing. 

Perhaps post-election when sentiment has cooled, a deal will get done. 

I am sure that he will make the right call

A Nippon Steal takeover is most likely the best for both shareholders and workers.

The jury is out on that one.

Please politicians need to rise above the posturing 2024 electioneering and face the realities right in front of them.

Simply making irrational stump pledges promises, that will have severe detrimental affect to US treasury fiscal monetary med/long term economic policies and yes the jobs they are trying to protect.

To quote .....

Subsidies provided to the Chinese steel industry have ended in overproduction, which in turn has negatively affected companies in other countries, including the deteriorating conditions of the international market. Japan, the United States, and the European Union are leading the way in promoting the establishment of international rules to curb such situations, but exactly when that will happen is still up in the air. There is concern that the same situation will repeat itself in China’s other industries.

Pretty please wake up smell the coffee, enforced international rules based, defined in treaty law is the only answer solution.

A Nippon/US Steel unified international conglomerate, equal holdings I suggest is the way forward.

A Nippon Steal takeover is most likely the best for both shareholders and workers.........

No it isn't

A much more focused across the sector med/long term industrial policy safeguarding a rules based trading practices.

A smart solution is to share risk, a merger of sorts, take overs just stall the inevitable collapse, leading to "chapter 11" bankruptcies, job losses, unemployment.

Just when you think Trump can't make a more hysterical statement...

"Donald Trump has drawn ridicule and accusations of hypocrisy after accusing Kamala Harris of mistreating Mike Pence, the former vice-president who his supporters said should be hanged during the January 6 insurrection that he incited.

The Republican’s nominee’s comments came in an interview with Fox News, when he also singled out Harris’s 2018 cross-examination of Brett Kavanaugh during Senate confirmation hearings after Trump, then president, nominated him as a justice on the US supreme court.

“They say she has many deficiencies, but she’s a nasty person,” Trump told the interviewer, Mark Levin. “The way she treated Mike Pence was horrible.

https://www.yahoo.com/news/trump-ridiculed-accusing-kamala-harris-160145348.html

Trump complaining that Kamala treated Pence badly - when Trump urged on his MAGA-terrorists to "hang him and his family".... and purged him from MAGA-world....

Give that one a MAGA Gold Medal for hypocrisy....

Nothing new here. Trump has stated this before. Seems like Kamala is parroting Trump's policies. What's next? No tax on tips? Oh wait...

She gonna be President of the US in January

Of course, did you see the other guy? Anyone would be better than this... man even a naked gorilla would be better.

The Republican’s nominee’s comments came in an interview with Fox News, when he also singled out Harris’s 2018 cross-examination of Brett Kavanaugh during Senate confirmation hearings after Trump, then president, nominated him as a justice on the US supreme court.

I have to hand it to Trump on one point: if he's still willing to debate Harris having seen what she did to Beer Brett, he's either fearless or recklessly stupid.

The continuing Trump hate fest will not save US steel jobs, or provide respite for US steel industry, US Steel families livelihoods

Kamala Harris needs to fully cost an industrial policy, before simply becoming a political echo chamber that will mirror past failure to rise above short term electoral gibber jabber, "mirage" illusion for pollical gain.

Any CEO to maintain a medium size business requires three essential skills,

The ability to raise capital investment

To install an environment focused in maintaining customer confidence.

Most importantly, I insist the crucial element, is to empower, inspire reward your workforce loyalty.

Politicians job, function is to assist in the process, then step away.

US steel future cannot, must not, be left at the shallow empty hollow Harris campaign inflammatory toxic increasingly inciteful, bitter agenda to furnish create hateful belligerent political divide.

Harris is not my choice for POTUS. But, I have to agree with her on this matter. US steel needs to be left in the hands of America. There has to be a line. No matter how much US steel runs in the red or the black. There is no way this historic company should be sold. Ever. Its part of our history.

The continuing Trump hate fest will not save US steel jobs, or provide respite for US steel industry, US Steel families livelihoods

I don't see why it wouldn't be possible to hate Trump and do a good deal for steel workers. A good president / administration can multi-task.

Anyway, it's already obvious what the MAGA troglodytes are going to do / say.

Hypothetical: Harris wins, ensures that US steel remains US owned, US steel flourishes.

MAGA: "She's just doing what Trump would have done if the election wasn't stolen"

Hypothetical: Harris wins, ensures that US steel remains US owned. US steel suffers.

MAGA: "Trump would have sold it because he is a Great Businessman!"

Hypothetical: Trump wins, ensures US steel remains US owned, US steel flourishes

MAGA: "Trump is a Great Businessman, take that libs!"

Hypothetical: Trump wins, ensures that US steel remains US owned. US steel suffers

MAGA: "The democrats sabotaged US steel, so no matter what happens it was going to fail!"

Obviously, she has to oppose it. She'd be in danger of losing a critical swing state, and, on a connected note, if the situation were reversed, I seriously doubt Japan would approve of U.S. Steel buying Nippon Steel. It's a matter of national pride more than anything else. I agree with the decision and hope Harris has a plan in place to save U.S. Steel.

nippon steel expressly stated that they want to modernize u.s. steel and sell sheet steel to u.s. domestic car manufacturers. the external steel on cars.

japanese car companies employee over a million americans in all segments of the industry.

everybody is pandering to everybody for the next 9 weeks.

It’s not like nippon steel is buying them to replace all its workers with Japanese people in America. It’s become a talking point instead of business transaction of course so it doesn’t matter. It’s either going to go under which is why it’s willing to sell or be sold to a group that will brake it up and cut jobs to make the purchase worth it. Pick your poison situation

In the present unstable global environment on straight policy judgements, economy militarily Some dude

Devoid of judgment of to personalities, I would favour Donald Trump at the ballot box.

That is out of a choice between Harris Trump at the ballot box.

Kamala Harris could well rise above all republican doubts and expectations to become a true statemen.

However without fully presenting her nonaviation to harsh public independent public scrutiny.

Press conferences, combative interviews, can in all honestly the real Kamala Harris truly stand up ?

Kamala Harris could well rise above all republican doubts and expectations to become a true statemen.

However without fully presenting her nonaviation to harsh public independent public scrutiny.

Bit early to be drinking, isn't it?

Sorry that's nomination not nonaviation, as you rightly pointed out, before or after a boozy lunchtime sniffle, thank you for that.

You noticeably ignored/avoided the question though.

Can in all honestly the real Kamala Harris truly stand up?

I suggest the US electorate simply don't know.

NOW she does, anything for a vote

Can in all honestly the real Kamala Harris truly stand up?

Any politician is going to be perceived differently by different people, depending on their political affiliation, bias, prejudice, and many other factors.

So I'm not sure we can say there is a "real" Kamala Harris any more than there's a "real" Trump. Is he a heroic outsider who will shake the establishment and make America the greatest country in the world? I mean there are people who genuinely believe that. Or he is an incompetent criminal who has bankrupted dozens of business ventures and who might end up in jail? There are people who see him that way too.

So I'm not sure we can say there is a "real" Kamala Harris any more than there's a "real" Trump. Is he a heroic outsider who will shake the establishment and make America the greatest country in the world? I mean there are people who genuinely believe that. Or he is an incompetent criminal who has bankrupted dozens of business ventures and who might end up in jail? There are people who see him that way too.

and one side votes for their candidate because they like them rather than vote for a person because they hate and are obsessed with the other candidate.

she is....lost

Some dude, thank you

Trust in our political leadership is at an all time low, voters have never been more sceptical that those in high office are capable or even qualified for such a level of responsibility/leadership.

The dithering, the lack of credible policies, the ideological dogma, the blatant disingenuous duplicity.

November US election 2024 could be a pivotal historic moment, both candidates stir the most extreme toxic emotions.

Disgust, loathing, fear.

I have to hand it to Trump on one point: if he's still willing to debate Harris having seen what she did to Beer Brett,

You mean where he excoriated her?

he's either fearless or recklessly stupid.

Fearless

Nothing new here. Trump has stated this before. Seems like Kamala is parroting Trump's policies. What's next? No tax on tips? Oh wait...

Well, exactly, a prop puppet and nothing more.

I have to hand it to Trump on one point: if he's still willing to debate Harris having seen what she did to Beer Brett,

You mean where he excoriated her?

You know, I used to think you were rational enough; very Trump leaning, certainly, but at least somewhat rational. But there is no observable universe in which he "excoriated" her. You simply refuse to even consider the idea that she could be good at something. Anything.

“Can you think of any laws that give government the power to make decisions about the male body?” she asked.

Kavanaugh froze for several seconds before responding, “I'm happy to answer a more specific question.”

“Male versus female,” Harris replied.

After a back and forth, Kavanaugh told Harris, “I'm not thinking of any right now, senator.”

Explain how that is "excoriating".

Try buying a Chinese steel manufacturer and see how far you get /:

None are up for sale because unlike US Steel the Japanese steel mills are modern and fully up to date, so they are profitable.

Harris is not my choice for POTUS. But, I have to agree with her on this matter. US steel needs to be left in the hands of America. There has to be a line. No matter how much US steel runs in the red or the black. There is no way this historic company should be sold. Ever. Its part of our history.

There is no rational argument for propping up an inefficient company. All that does is reward laziness and lack of necessary innovation. In the long term it guarantees low quality, lack of ability to make modern products and high prices. A great example is what the Jones Act has done to the American maritime industry.

@DT Nice dodge of the whole issue of foreigners buying Japanese companies. See Toshida and the continued saga of Nissan/Renault.

CJK countries being so demographically and culturally homogeneous present high hurdles to any foreign investor.