Do you agree with U.S. President Joe Biden's decision to block Nippon Steel's proposed acquisition of U.S. Steel?

Free market. Let them fail or allow the sale. Stay out of it.

i expect USS to declare bankruptcy soon.

This company was up for sale due to the fact that they may go under along with all their workers. Biden may just have sunk thousands of jobs.

Japan isn't like China. We have a very cordial and unmalicious relationship with the US and the US should treat Japan with more trust.

pure political decision of worst president in US history.

No, but the Pakleds needs to be satisfied.

When can the US buy a major industry in Japan? Oh never? Well there's your answer.

This was a weaponise political decision. Which will see over a short time massive layoff in the steel, and auto industry on Trump watch.

Japan is a good friend and ally. Such an acquisition would help the U.S. more than it would hurt it. Besides, such a deal would also bring our two countries and economies more together. Nothing wrong with that.

No, I don't agree...the merger should occur...

But the outrage from our Japanese friends compared to their opposite outrage that the Canadians were trying to buy 7-11 is a little too much hypocrisy for me to handle...

But the outrage from our Japanese friends compared to their opposite outrage that the Canadians were trying to buy 7-11 is a little too much hypocrisy for me to handle...

Valid point.

SomeWeebToday  06:24 am JST

When can the US buy a major industry in Japan? Oh never? Well there's your answer.

Some examples:

Going back to the 1990s, GM acquired a stake in Isuzu Motors to collaborate on vehicle development and global sales.

Citigroup, a major U.S. financial institution, acquired Nikko Cordial in 2007, one of Japan's leading brokerage firms, for approximately $8 billion. This deal marked a significant move by a U.S. company into the Japanese financial sector.

In 2008 The U.S. pharmaceutical giant Bristol-Meyers Squibb fully acquired its joint venture with Japan's Kyowa Hakko Kogyo.

Walgrens bought a stake in Alliance Boots in 2012. Alliance Boots, a UK-based company, it had a joint venture with Japan's Matsumoto Kiyoshi, a major drugstore chain. Walgreens' acquisition of Alliance Boots indirectly brought them into the Japanese market.

When Oracle acquired MICROS Systems globally in 2014, it included its Japan operations. MICROS was a provider of software solutions for the hospitality industry.

In 2016 Kohlberg Kravis Roberts (KKR), a major U.S.-based private equity firm, acquired Calsonic Kansei, a Japanese automotive parts supplier and later merged it with Magneti Marelli, a Fiat Chrysler subsidiary, to create a global parts giant. In 2017, KKR also acquired Hitachi Kokusai Electric, a subsidiary of Hitachi, for approximately $2.3 billion.

In 2017 Starwood Capitals Group, a U.S.-based private equity firm, acquired several hotels under the Prince Hotels brand.

In 2017, Amazon acquired Souq.com's Japan operations. Amazon expanded its Japanese operations and network through targeted acquisitions and partnerships.

Tip of the iceberg.

Still waiting to hear the great alternative to the NSC/USS deal that will save US Steel, it's workers and plants without a government bail-out paid for by the US taxpayers.

Looking more and more like a short-sighted political move that will ultimately destroy US Steel in the face of Chinese competition.

Trump will pump in billions. What is so difficult to see

Clevland Cliffs helped block this. The right bribery in the US goes a long way. Such a corrupt country.

I agree because he's a democrat and only the democrats know what's best for USA.

It’s not about saving US Steel. It’s about not letting the Japanese get what they want. Whiners crying over spilt milk still don’t get it.

Not going to happen. Rather go bankrupt than have the Japanese take over an iconic US industry. Still don’t get it? Letting China corner the steel market is still better than being bought out by the Japanese.

This is a case where the incumbent and President Elect see completely eye to eye. If not Biden, Trump will kill the deal. Get over it already.

quercetumToday  05:22 pm JST

It’s not about saving US Steel. It’s about not letting the Japanese get what they want. Whiners crying over spilt milk still don’t get it.

Not going to happen. Rather go bankrupt than have the Japanese take over an iconic US industry. Still don’t get it? Letting China corner the steel market is still better than being bought out by the Japanese.

No, you're one not getting it. The US shares far more with Japan that are "security" issues. This was a political decision. And US Steel is not "the US Steel Industry". It's just one steel company out of 275,000.

Letting China, which uses it's economic power to fuel it's military power is out of the question for the U.S. Allowing China to "corner" any market is a recipe for disaster as China considers trade a weapon. Not a topic for wumaos.

I don't care either way, not being Japanese or American. But I have to ask, what would Japan do if the shoe were on the other foot?

Yanks see Japan as an ally and yet this sale is supposedly a national security issue, yet the yanks have troops all over Japan.... 2faced....let USS go under