Ok, just to be clear… you sold it to the Japanese, right?
glasshalfbeer on
Wasn’t this the Nippon’s plan from the start?
ShogunMyrnn on
So instead of buying US steel, they invested in US Steel. So what does nippon get from it? Shared profit?
What?
Dagger1901 on
In summary, US steel shareholders will get $14 billion, and there will be no new jobs.
Upbeat_Literature483 on
A small step for man, a giant leap for a narss
ctguy54 on
Tump takes credit for the sun coming up.
MossIsking on
And steel prices went up 5% the last 2 months… #winnning
Swimming-Tutor2729 on
Why do we need steel seems n likeness for trumps corrupt program
slashinvestor on
My guess this is Japan’s ability to get past the tariffs…
TXDobber on
Shoutout to all those steelworkers and unions who backed Trump over Biden, when Biden was blocking the deal and yet Trump green lights it. Fell for it again!
Even tho this benefits them, Nippon Steel have said and shown that the jobs aren’t going anywhere, in fact they want to invest more so Japan relies less on Chinese steel.
TlalocVirgie on
Why are you having a rally when you’re the sitting president?
GzrGldGeo on
Trump claims a lot of crazy shit.
DougDHead4044 on
When he’s saying 14B to the US economy, he’s actually saying 14B to the few healthy people!!
Miiirob on
Any little deal needs to be blown up like a bigly event because they need good news that badly. On another note, American owned companies are being individually targeted by POTUS with excess tax amounts. So Japan companies good, American companies bad.
Skittishmonk on
US steel currently has about 20,000 employees. They’re going to go to 90,000 employees? That seems a little unlikely. Total US steel industry employs only 140k total. Does anybody fact check the stuff he says?
iom2222 on
If it happens at all it would take 10 years. Meanwhile pay the tariff tax on anything using steel. It’s time to call them for what they are: tariffs are taxes.
UpperCardiologist523 on
Are the jobs in the US in the room with us right now?
Reynor247 on
This was the original deal from when Biden first paused it lol. Funny thing to take credit for, just lifting your own objections.
CringeDaddy-69 on
So just to clarify, all that happened was the buyout of US Steel by Nippon fell through? So this won’t create any jobs or money, we just won’t lose jobs. Is that right?
Rabo_Karabek on
Remember the Carrier Plant in Indianapolis that he bragged about keeping open during his first campaign in 2016? It was gone by 2018. Which was about the schedule it was set for anyway.
He will always do a short term cooking of the numbers, then crickets or lies.
lifeisahighway2023 on
I know this much: you can’t build a new steel mill in 18 months. More like 3-5 years. So I think that there is a lot of malarky in this little Trumpism.
Zippier92 on
So profits fly to Japan?
I guess this is why CLF went down today.
Nissan musta bought a bunch of trump crypto.
Elevatedspiral on
Great, we got Steel manufacturing back. But you got rid of all the regulation so the steel is going to be as bad as it was coming from China.
23 Comments
Ok, just to be clear… you sold it to the Japanese, right?
Wasn’t this the Nippon’s plan from the start?
So instead of buying US steel, they invested in US Steel. So what does nippon get from it? Shared profit?
What?
In summary, US steel shareholders will get $14 billion, and there will be no new jobs.
A small step for man, a giant leap for a narss
Tump takes credit for the sun coming up.
And steel prices went up 5% the last 2 months… #winnning
Why do we need steel seems n likeness for trumps corrupt program
My guess this is Japan’s ability to get past the tariffs…
Shoutout to all those steelworkers and unions who backed Trump over Biden, when Biden was blocking the deal and yet Trump green lights it. Fell for it again!
Even tho this benefits them, Nippon Steel have said and shown that the jobs aren’t going anywhere, in fact they want to invest more so Japan relies less on Chinese steel.
Why are you having a rally when you’re the sitting president?
Trump claims a lot of crazy shit.
When he’s saying 14B to the US economy, he’s actually saying 14B to the few healthy people!!
Any little deal needs to be blown up like a bigly event because they need good news that badly. On another note, American owned companies are being individually targeted by POTUS with excess tax amounts. So Japan companies good, American companies bad.
US steel currently has about 20,000 employees. They’re going to go to 90,000 employees? That seems a little unlikely. Total US steel industry employs only 140k total. Does anybody fact check the stuff he says?
If it happens at all it would take 10 years. Meanwhile pay the tariff tax on anything using steel. It’s time to call them for what they are: tariffs are taxes.
Are the jobs in the US in the room with us right now?
This was the original deal from when Biden first paused it lol. Funny thing to take credit for, just lifting your own objections.
So just to clarify, all that happened was the buyout of US Steel by Nippon fell through? So this won’t create any jobs or money, we just won’t lose jobs. Is that right?
Remember the Carrier Plant in Indianapolis that he bragged about keeping open during his first campaign in 2016? It was gone by 2018. Which was about the schedule it was set for anyway.
He will always do a short term cooking of the numbers, then crickets or lies.
I know this much: you can’t build a new steel mill in 18 months. More like 3-5 years. So I think that there is a lot of malarky in this little Trumpism.
So profits fly to Japan?
I guess this is why CLF went down today.
Nissan musta bought a bunch of trump crypto.
Great, we got Steel manufacturing back. But you got rid of all the regulation so the steel is going to be as bad as it was coming from China.