I come to many of the same conclusions in an essay published a few months ago — not only is the bipartisan pushback against the deal a poor attempt at showing solidarity with a handful of voters critical to election success in swing states, but it also greatly hinders more important goals like competing with China and strengthening relations with Japan. I also predicted in a note a few weeks back that the Harris-Walz campaign would ultimately take a negative stance on the deal.
Great read. And ya, the idea that Nippon would be worse than CLF makes little sense to me. We aren’t talking about putting steel mills on a boat to Japan, there isn’t really any strategic or national security risks there. Combo with CLF just makes a dangerous monopoly with ‘too big to fail’ elements.
Nice article Roger. Hope it persuades
I come to many of the same conclusions in an essay published a few months ago — not only is the bipartisan pushback against the deal a poor attempt at showing solidarity with a handful of voters critical to election success in swing states, but it also greatly hinders more important goals like competing with China and strengthening relations with Japan. I also predicted in a note a few weeks back that the Harris-Walz campaign would ultimately take a negative stance on the deal.
https://open.substack.com/pub/thestupideconomy/p/a-protectionist-mountain-out-of-a?r=i7v1h&utm_medium=ios
Excellent article. This needs to be widely distributed. The answer is clear that Nippon Steel is the best deal.
Great read. And ya, the idea that Nippon would be worse than CLF makes little sense to me. We aren’t talking about putting steel mills on a boat to Japan, there isn’t really any strategic or national security risks there. Combo with CLF just makes a dangerous monopoly with ‘too big to fail’ elements.
Hope they listen to ya!
Very good, well-researched article Roger!