Tom Burton discusses Nippon Steel's bid to buy U.S. Steel as Biden, Harris, and Trump all signal they might block it. U.S. Steel warns that blocking the deal could close plants in Pennsylvania, a swing state that matters for the election.
This is interesting, right? With the news that we're watching and listening to every day is that this is kind of bipartisan. It looks like Biden will look to squash this. Nippon Steel's acquisition of U.S. steel, that's.
A little.
It'S going to use the word protectionist, but I'm not sure that I'm qualified to say that, that that's what it is or not. But certainly they're looking for the unions to bolster them. Unions are concerned about the Japanese company acquiring them in the setting. But Harris has said she would do the same thing and Trump has said he would do the same thing. So any takeaways from you on this?
Well, what's interesting about this is that US Still Steel has come back and said if you squash this deal, we're going to close or have to close plants. Well, guess where those plants are or those steel plants are in Pennsylvania. What's Pennsylvania? Pennsylvania is a big.
Battleground. Yeah.
Right. So it'll be interesting to see if this sort of gets, I don't know is, you know, Biden in the, in the current administration willing to hold the position on that and risk the potential fallout from that. It be interesting to see how that plays out timing wise.
Well, there's the whole government effect.
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