Biden Should Approve the Nippon Steel Deal | Washington Monthly

Contributing sentiments towards policy:

63% : In March, Joe Biden, then a candidate for re-election who believed union backing was essential to winning the Keystone State, released a terse statement little different than Trump's: "U.S. Steel has been an iconic American steel company for more than a century, and it is vital for it to remain an American steel company that is domestically owned and operated."
54% : But 80 percent of the swing state's electorate live in non-union households.
43% : To protect American jobs and increase investment in the American economy, for one of his last acts in office, he should rise above misplaced nationalism and approve the sale.
41% : National security concerns were not widely shared enough to compel CFIUS to recommend rejecting the sale.
31% : Biden will leave office without a global agreement on sustainable steel, and there is no reason to believe Trump cares more about it than he did the Paris climate accords, which he jettisoned in his first term.
19% : Donald Trump is also an opponent, and in the aftermath of his November 2024 victory, he reiterated his intent to scuttle the deal.
17% : When the two companies announced the sale in December 2023, the following month, Donald Trump pledged to block it based on crude nationalist logic: "We saved the steel industry.
17% : In the nationalistic statements of Biden, Trump, and other politicians, there is an implicit argument that foreign ownership of U.S. Steel would threaten national security.
11% : (Harris actually performed better than Biden with Pennsylvania union households, as Biden lost them to Trump by two points in 2020.

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