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'Limited Avenues Moving Forward' for US Steel, Nippon Steel After Biden Scuttles Deal
The USA has approved the sale of advanced air-to-air Missiles to Japan, with a potential amount reaching 3.64 billion USD.
The United States has approved a potential Trade to sell air-to-air Missiles produced by RTX Corp to Japan, amounting to up to 3.64 billion USD. Despite the fact that on Friday, President Joe Biden blocked the acquisition of United States Steel by Japan Steel for 14.1 billion USD on National Security grounds, the statement approving this Weapon Trade underscores the long-standing alliance between the two countries. The U.S. State Department stated in a release that the military sale aligns with U.S. foreign policy and National Security, and helps Japan protect its territory and U.S. personnel stationed in Japan. The statement noted that the Japanese government proposed to purchase up to 1,200 AIM-120D-3.
Dow Gains; U.S. Steel Stock Drops -- WSJ
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LittleSoldier : Yeah I have mixed feelings on the issue, while I suspect it was a good offer I’m not totally on board with handing over the largest steel corp to a foreign entity. I realize they are our allies, things change. With the Government blocking the sale, I suspect there will be some kind of bailout in the works. Trump wants to reignite manufacturing in the USA and there is the auto industry as well not to mention a boarder wall that needs to be finished, not to mention Biden’s dumb ass selling the steel for pennies on the dollar. Bringing Us steel back to its former self would mean hundreds of thousands new jobs not dependent of foreign interest. America has lots of allies that don’t always play in Americas interest!
Stock_Drift OP LittleSoldier : $Cleveland-Cliffs (CLF.US)$ wants to buy $United States Steel (X.US)$ too but for much less.
吸猫西施 : Just waiting for Trump to come to the rescue, back to 40.