In mid-March, the president of the United States shook the market when he publicly expressed his opposition to the Japanese company's operation, despite coming from a firm from an ally country that has offered $14.9 billion for the iconic American steel company with 22,000 workers.
A couple of months earlier, Republican Donald Trump said that, if he won the election and became president again, he would block the transaction immediately. Biden and Trump do not even agree on where the sun rises, but the offer that a foreign industrial giant made on a legendary U.S. manufacturing firm managed to align them, each in his own way; it is a sign of the times.
#economic-stimulus-packages #foreign-acquisitions #political-differences #american-industry #steel-manufacturing
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