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The Controversy Over US Steel

The Controversy Over US Steel
A rally by U.S. Steel employees is held outside the United Steel Tower in downtown Pittsburgh, Pennsylvania, on Sept. 4, 2024. Gene J. Puskar/AP Photo
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Commentary

All contenders for the U.S. presidency agree that U.S. Steel as a company should stay under American ownership and should not be sold to Japanese firm Nippon Steel for $14.1 billion. This is despite Nippon’s promise to retain all American jobs at union wages, upgrade all facilities, and generally save the company. Otherwise, U.S. Steel will most likely have to leave Pittsburgh, its home since 1901, and close factories.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]