- cross-posted to:
- usa@midwest.social
- cross-posted to:
- usa@midwest.social
Summary
Trump announced plans to block Nippon Steel’s $14.9 billion acquisition of U.S. Steel, drawing backlash from many steelworkers who previously supported him.
While some, including United Steelworkers president David McCall, oppose the deal over concerns about job security and unfulfilled promises, others fear blocking it could harm the struggling U.S. steel industry.
Trump’s stance has been criticized as a “gut punch” by union leaders like Jason Zugai, who had expected him to support the deal after the election.
Critics argue Trump has offered no alternative plan to invest in U.S. steel plants if the deal is blocked.
This is perfect. We need to choose increasingly lower pixel shocked Pikachu for this kind of news, until it’s just a vague yellow splat with red highlights and everyone still knows what it means.