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SNS: Asia Letter: Q4 2024 NO MORE CHECKS FROM CHINA By Scott Foster _______ I would block it. I think it's a horrible thing. When Japan buys U.S. Steel, I would block it instantaneously. Absolutely. - Donald Trump (The Hill, 2/1/24)
Today, a critical piece of America's defense industrial base was auctioned off to foreigners for cash. - J.D. Vance (vance.senate.gov, 12/23/23)
It is important that we maintain strong American steel companies powered by American steel workers. [. . .] US 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. - Joe Biden (The White House, 3/14/24)
U.S. Steel is an historic American company. And it is vital for our nation to maintain strong American steel companies. And I couldn't agree more with President Biden. U.S. Steel should remain American-owned and American-operated. - Kamala Harris (CNN, 9/2/24)
As you examine this deal, I urge you to [. . .] examine Nippon's ties to the Chinese government and the danger this merger poses to American national and economic security. - Sherrod Brown, Chair, Senate Banking Committee (Reuters, 4/2/24)
I find what the United States is saying to be very unsettling, making such statements or actions that could undermine the trust of its allies. [. . .] Recently the U.S. is tending to impose deals and threats even on its allies, this is true not only with NATO countries but also now with Japan. I question whether that is really a fair approach. It is extremely important for the Japanese government to discuss these matters sincerely, earnestly, and logically. - Shigeru Ishiba, Japan's former minister of defense and leading candidate to succeed Fumio Kishida as prime minister
We all believed that the U.S. has a market-oriented economy and Japan and the U.S. are good allies and I didn't see any economic or security threat involved in this takeover. [. . .] This isn't just about the acquisition of U.S. Steel; it's an issue that will have consequences beyond that. - Taro Kono, Japan's minister for digital transformation and former minister of defense and minister for foreign affairs (Reuters, 9/7/24)
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