Tried to buy US steel from Japanese steel.
image text translation
“Biden will soon officially announce the acquisition of US Stem by Japanese Steel.”
YouTube
Yonhap News Economy TV
0.55
4 days ago
[News Now] Biden prepares to announce ‘unfortunate’ acquisition of US Stem by Japan Steel
YouTube
KBS News
“144
Preparing to present ‘Nanghi’”
Rumors of my request must be shut down.
2024.
9. 5.
Japan Steel struggles to acquire US Stem.
US media “Biden; Preparing to block sale”
YouTube
YTN
Shortly after the acquisition
2.23
‘Prepare to block takeover
2024.
9. 6.
However, politicians and Biden oppose
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150-year-old Thompson Steel Works
US Steel was once number one in the world.
A company created by steel magnates Carnegie and JP Morgan.
The world’s first and largest company to exceed $1 billion in capital
A symbol of American industrialization and economic development
But those times have passed and we have been overtaken by Korea, China, and Japan.
Currently only 24th in the world
The number of employees has also decreased to 1/20 of what it used to be when things were going well.
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The main reason for the collapse is said to be ‘American sentiment’.
Some people see it as similar to selling the Statue of Liberty for no money.