The Rising Influence of Rising Affluence

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Biden is coming out in opposition to plans to sell US Steel to a Japanese company
https://www.msn.com/en-us/news/politics/biden-is-coming-out-in-opposition-to-plans-to-sell-us-steel-to-a-japanese-company/ar-BB1jSsN6

The Democratic president has a big megaphone to weigh in on the matter, but he is not intervening in the review process or formally blocking the deal, according to a person familiar with deliberations who insisted on anonymity to discuss the situation.


Trump said earlier this year after meeting with the Teamsters union that he would stop the U.S. Steel acquisition: “I would block it. I think it’s a horrible thing, when Japan buys U.S. Steel. I would block it instantaneously."