Free Republic

Growing up in San Bernardino, California in the 1980s was an experience that shaped me in many ways. One of the highlights of those years was playing high school football, and one of our fiercest rivals was Fontana High School. Fontana was known for having one of the toughest football teams in San Bernardino County, and our games against them were always intense and hard-fought. But Fontana was more than just a football rival. It was a town with a long and proud history of steel production. The Kaiser steel production facility, a major employer in the area, closed its...

Former President Trump vowed to block the sale of U.S. Steel to the Japanese Nippon Steel Corporation if he secures a second term in the White House. “I would block it, I think it’s a horrible thing. When Japan buys U.S. Steel, I would block it instantaneously. Absolutely,” he told reporters Wednesday after meeting with the Teamsters union in Washington. Trump did not say how he planned to block the deal between U.S. Steel and Nippon Steel. “We saved the steel industry. Now, U.S. Steel is being bought by Japan. So terrible. But yeah, we want to bring jobs back...

President Joe Biden believes “serious scrutiny” is warranted for the planned acquisition of U.S. Steel by Japan’s Nippon Steel, the White House said Thursday after days of silence on a transaction that has drawn alarm from the steelworkers union.Lael Brainard, the director of National Economic Council, indicated the deal would be reviewed by the secretive Committee on Foreign Investment in the United States, which includes economic and national security agency representatives to investigate national security risks from foreign investments in American firms. She said in a statement that Biden “believes the purchase of this iconic American-owned company by a foreign...

Sen. John Fetterman (D-Pa.) vowed Monday to work to block the $14.9 billion sale of U.S. Steel Corp. to Japanese steelmaker Nippon Steel, which he described as an “outrageous” move. The deal was announced Monday, prompting the stock prices of U.S. Steel to jump up 25 percent. Fetterman criticized the sale, saying in a post on X, the platform formerly known as Twitter, that the move was “wrong for workers and wrong for Pennsylvania.”