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Outrage after US Steel agrees to sale to Japanese company
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- Опубліковано 18 гру 2023
- Nippon Steel Corporation, Japan’s largest steelmaker, said it will acquire U.S. Steel for $14.1 billion.
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#business #steel #ussteel #japan #gma
If they become a part of Nippon they will be a part of one of the worlds top steel companies and will be able to compete with the Chinese.
Who’s to say they don’t sell out to china in the end? Nobody thinks about the future anymore everyone just wants to make a quick buck and to hell with the consequences……
This is how Canadians felt when tim Hortons was bought by burger king lol
And Burger King is owned by a Canadian company
Back in the 1980s Nippon bought National Steel. They were doing well until the late 1990s when they hired away an executive from US steel to be their CEO. He then hired away more executives from US Steel, and a few years later National Steel went through scandals caused by the CEO and executives, and went bankrupt.
Its kind of Ironic US steel if failing and Nippon is buying them. I hope this time Nippon is smarter and dont keep the US Steel executives. They seem to have a talent of driving companies into the ground.
They or any other company should not be allowed to be sold to an overseas company.
Japan is your vassal state. So it's just a sale among family members.
The market is free until X ententy buys it
Nothing competes with Japanese quality, not even Germany.
Actually, It is a good news for Japanese people, because Japan is not a place to get tons of irons. And, There is not a big risk for American people, because Japan doesn’t have a military.
American firm can own assets in other nations but other nations can not own assets is America, give me a beak.
As it should be. We're America. We need to stop our companies from selling out for profit as if they dont profit extravagantly anyways. Plus there goes my #1 stock. Well #2 behind Nvidia.
@@jonny-b4954 then by your logic, foreign companies should do the same and block any US companies. US accuse others of xenophobia when they are no different.
We do own assets in other nations
Military bases
There is a Japanese green tea company owned by coke
Tim Hortons (bought out by Burger King)
@@joshuadunford3171Yeah, just feels weird to care about being hypocritical on this. Humans are hypocritical sometimes. And like I said, we're America and they're not. To act like we're not in charge in financial and economic matters (at least, for now) is kind of silly when there's an 800 lb elephant in the room. Our military, haha. I think it's just letting the system we've built, that's benefited us so much, get a wee bit out of control. We're back to monopolies, but they're not truly monopolies, they're conglomerates. And have agreements between the top 2 or 3 companies that is all that's left in most industries, to basically act as one.
Americans want to own everything
If they didnt before, they certainly got us by the balls.
I worked there for three years in management. That place lives and dies in the accounting department. The only reason I believe US steel would sell is because better that than go bankrupt and everyone loses everything.
They aren't going bankrupt you're AI or Chinese operative trying to influence the uninformed in America. Not real person or real opinion it wasn't at risk of bankruptcy and if they filed for bankruptcy the company would be bailed out and no one would lose Jobs so makes no sense
The Steel industry has been being sold out for the last 50 years and this is the final punch. Shame on the greedy CEOs who could not complete in a global market in a fair way. Their way of competing was how to pack their pockets with more millions on top of the millions they already have.
NO!..don't do it! I remember what happen to my Granddad and uncles who worked at sparrows point ship and steel yards in the 70's in Maryland..the Board members have been promised millions and they are selling us out......don't allow it
Work for US Steel Gary Works for 31 years and I've been retired for 24 years thanks to Local 1014. The good times are really over and job security and union presentation is out the door. I give it four years down the road and a soup line will stretch up and down Broadway
Corporate and investor greed and Automation will be the cause of soup lines. And then after a few years when so many are under and unemployed that they cant buy products, corporations and investors will demand governments bail them out, with a good profit to boot.
thats my worthless steel workers union for ya!
It’s a public company, no? The moment you sell shares of the business in the open market you already allowed yourself to be bought. If the US government cared that much they should have become a major shareholder but god forbid the US government buying up companies.
Hey, how come Germany, France, or England did not offer to buy it? If so, you would not be seeing this video. Harley Davidson is owned by Hindus. Who owns Budweiser?
😂😂😂😂 This is your Democratic party
This shows the ignorance of maga
Even under Bush and Trump American companies have been bought out by foreign companies. It’s part of having a capitalist free market. Want a government where all business are American owned and the us government keeps control of them all? That’s socialism. As much as I don’t entirely like or trust the deal, the Owner of US steel has the right of a capitalist to sell his company to whoever he sees fit. So no this isn’t just the Democratic Party but the free market in action
Yeah the union workers are outraged because they won't be able to sit around and drink alcohol and do drugs on the job anymore.
What?? We get to drink and do drugs while at work?? I must be at the wrong plant.
@@rayelj2433 Granite city Il.
What's the outrage for, it's business.
The plant looks wore out ! JS
joe for unions,lol, Ask railroad unions when he forced them to not strike.
Then went and got a better deal than they were striking for. If you are going to tell a story, tell the whole story.
what mills will Nippon shut down? Pittsburgh Gary' Fairless?
Japan will end up selling U.S steel to the Chinese for 30 billion 😂
Bigly sad!
Trump came the closest to stopping all this. We strangled our own revenue stream. RIP US Steel.
Trump dont give a fuck about anything but pandering. Dude to next to nothing with his power. Status quo besides his disgusting language.
See: ua-cam.com/video/e5xUXOxabPw/v-deo.html Americans are happy to sell US assets abroad. Japanese are close allies in Asia, and
tend to be good stewards of manufacturing facilities, even investing in newer technology (which American owners generally don't do).
It still will exist. Just under a parent company. Burger King still exist even though they moved to Canada
For once Fetterman is right.
It won't be sold to a Japanese company, china has set up a company in japan as a front.
I knew a MAGAt RepubliKKKan like you will drag China into the conversation.
Show me gov statements where I can read this
@@logicalgoblin454 follow the money
We learned nothing from Covid
Wtf LMAOO. Actual racist
Soon to be:
* Tokyo Steelers.
* Rising Sun Stadium.
* Kamikaze Terrible Towels.
* Tokyo Rose's Great, Great, Great (Great?) Granddaughter as Commentator of all Games.
Not Possible, a month ago would you think a Japanese Steel Company could buy US Steel!?!?
Well Biden voters what did you expect ? You got what you voted for 🤷🏻♀️
LMAO lets go biden
Remember Pearl Harbor.
That's the problem most people don't. Those who don't learn from history are doomed to repeat it. This time our country is in a weak place. And with millions of illegal immigrants coming in through the southern border I have a feeling bad times are just around the corner.
Evidence know it was a false flag to make Americans join the war .
What a pearl harbor? 😅
Our most eastern ally. Calm down, so much over reacting. It was gonna go belly up anyway.
STOP THIS!!!
That is a mistake, literally getting rid of our own resources
Why can't they see that? We don't have much else left.
Well, FJB, let’s go Brandon….Brandonomics at work🇨🇳🐑