Politics and Government Politics and Government
Tue, December 3, 2024
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[ 02:30 PM ] - Brian Stokes
Trump vows to block Japanese steelmaker from buying US Steel, pledges tax incentives and tariffs

Trump vows to block Japanese steelmaker from buying US Steel, pledges tax incentives and tariffs


Published on 2024-12-03 14:30:49 - Brian Stokes, N@N
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  • President-elect Donald Trump is underscoring his intention to block the purchase of U.S. Steel by Japanese steelmaker Nippon Steel Corp., and he's pledging to use tax incentives and tariffs to strengthen the iconic American steelmaker.

The article discusses former President Donald Trump's opposition to the acquisition of U.S. Steel by Nippon Steel, a Japanese company. Trump has vowed to block this deal if he wins the upcoming election, arguing that U.S. Steel should remain American-owned. He criticized President Joe Biden for not intervening, claiming that Biden's inaction would lead to job losses and a weakened national security. Trump also promised to implement tax incentives and tariffs to protect American steel industries, emphasizing his commitment to "Make America Great Again" by ensuring that key industries like steel remain under domestic control. This stance reflects Trump's broader economic nationalism and protectionist policies.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/trump-vows-to-block-japanese-steelmaker-from-buying-us-steel-pledges-tax-incentives-and-tariffs/ar-AA1vd3ry ]
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