I realize this is an upper draw crowd and therefore should not make ad hominem attacks or crude characterizations but I think Forest Gump said something like “stupid is what stupid does”? Anyhow turning down the U.S. Steel deal was stupid. It would have provided for over a billion in U.S. capital investment and global scale. It would increase job security because there is no security if the company fails. Look what happened when the Spirit Airlines merger was turned down? They went bankrupt! That sure served the public and the employees. Japan is a key ally in the eroding U.S. hegemonic financial system and in containment and defense viz China
He already lost Pa and the election. Who is this Tai person? What is her analysis?
Well-stated. You have a point of view but are fair-minded in your approach. As a result, at least for this reader, you provide much fodder for thought and reflection. Thank you.
By the way. This deal was supposed to be evaluated by CIFIUS on national security grounds. They punted but the deal as structured with binding representations was in fact not a security threat
We now have TikTok going before the SCOTUS appealing its banishment on security grounds and it clearly is a security threat as a means of gathering information on Americans and as a distribution vector of misinformation. If the SCOTUS gives them relief then we really are in an upside down world
Thanks for an excellent analysis. Although the category is a bit unsophisticated, it is difficult to escape ‘stupidity’ as the aptest characterisation of the essence of the Biden administration’s trade policy. The Nippon Steel case is the apotheosis of such stupidity: managing to do damage to the economy, and the American steel industry itself, while offending a key ally in the process is quite a feat, even by the standards of the administration.
I have the impression that liberally-minded commentators in the US have been far too timid in calling this out, presumably because of a misplaced fear of giving ammunition to Trump. Drezner’s world is a honorable exception. I am proud of being a Fletcher alumnus (although too old to have been one of prof. Drezner’s students).
Why did the Union oppose the deal? What is the case for the acquisition having a negligible impact on national security? I seem to recall this being a legitimate question not too many years ago. You dismiss the question entirely. Your analysis, frankly, seems stuck in an ism debate, globalism vs terrible, old, backwards, protectionism, without ever really dealing with real concerns that globalism screws labor, the environment, and undermines national security. I mean, you might be right in this case but what comes through here mostly is a sneering attitude about "protectionism." I don't think the US should cut itself off from global trade either but it should protect workers making living wages and protect the environment and protect our ability to produce steel for national security.
One thing I think we know about Trump--he doesn't like what Dems do (e.g. Obamacare). Is there any chance Trump will drop sanctions as part of an effort to undo what Biden did?
I realize this is an upper draw crowd and therefore should not make ad hominem attacks or crude characterizations but I think Forest Gump said something like “stupid is what stupid does”? Anyhow turning down the U.S. Steel deal was stupid. It would have provided for over a billion in U.S. capital investment and global scale. It would increase job security because there is no security if the company fails. Look what happened when the Spirit Airlines merger was turned down? They went bankrupt! That sure served the public and the employees. Japan is a key ally in the eroding U.S. hegemonic financial system and in containment and defense viz China
He already lost Pa and the election. Who is this Tai person? What is her analysis?
Dumb.
Not your article. Your article was great.
Well-stated. You have a point of view but are fair-minded in your approach. As a result, at least for this reader, you provide much fodder for thought and reflection. Thank you.
By the way. This deal was supposed to be evaluated by CIFIUS on national security grounds. They punted but the deal as structured with binding representations was in fact not a security threat
We now have TikTok going before the SCOTUS appealing its banishment on security grounds and it clearly is a security threat as a means of gathering information on Americans and as a distribution vector of misinformation. If the SCOTUS gives them relief then we really are in an upside down world
Thanks for an excellent analysis. Although the category is a bit unsophisticated, it is difficult to escape ‘stupidity’ as the aptest characterisation of the essence of the Biden administration’s trade policy. The Nippon Steel case is the apotheosis of such stupidity: managing to do damage to the economy, and the American steel industry itself, while offending a key ally in the process is quite a feat, even by the standards of the administration.
I have the impression that liberally-minded commentators in the US have been far too timid in calling this out, presumably because of a misplaced fear of giving ammunition to Trump. Drezner’s world is a honorable exception. I am proud of being a Fletcher alumnus (although too old to have been one of prof. Drezner’s students).
Why did the Union oppose the deal? What is the case for the acquisition having a negligible impact on national security? I seem to recall this being a legitimate question not too many years ago. You dismiss the question entirely. Your analysis, frankly, seems stuck in an ism debate, globalism vs terrible, old, backwards, protectionism, without ever really dealing with real concerns that globalism screws labor, the environment, and undermines national security. I mean, you might be right in this case but what comes through here mostly is a sneering attitude about "protectionism." I don't think the US should cut itself off from global trade either but it should protect workers making living wages and protect the environment and protect our ability to produce steel for national security.
When both sides support the same thing I get nervous.
One thing I think we know about Trump--he doesn't like what Dems do (e.g. Obamacare). Is there any chance Trump will drop sanctions as part of an effort to undo what Biden did?