it is important to produce steel in us, because without it some important industries couldn't be created, and also - army needs it

### KRYSTAL:
You can add, she means to keep jobs in the USA and not lose them to another country that may produce steel cheaper.

### NYZERV:
This is Kamala Harris's way of making a potential disaster into a positive. Nippon Steel is seeking to takeover US Steel and may displace workers and possibly relocate the company's headquarters. Harris is pointing out the importance of the steel industry to the US economy and national security. She's concerned about the potential displacement of workers and loss of good jobs for Americans. The Nippon takeover will definitely impact America's national security. NYZERV

### TOM KIEL:
Saying it's important to produce steel in the US is all well and good, but this isn't a "red state-blue state" issue. It's simple economics. U.S. steel is expensive compared to foreign competition. It's hard to argue that a government owned Japanese steel company should be stopped from buying a company located in the US. We don't stop car companies in the US from buying companies in the EU. This is just another example of Harris overstepping her authority.

### PJ:
Maybe we shouldn't have tried to save steel and coal jobs, then.

### MARY:
What is going to happen to the workers at US Steel if Nippon Steel goes through with this purchase. Who is going to stand up for them? Why is this not being talked about? Why is the press not asking about this?

### TJ H:
More likely it's because she doesn't understand that the company is not moving, just being sold to a foreign company. If they were moving it's a different matter, but they aren't. The jobs will still be there for the workers to have. Kamala Harris strikes again. TJ H

### DW:
How did we get to the point that we have to be sold a public safety issue on national security? Steel and Aluminum manufacture by a Japanese company won't jeopardize National Security. China sold us material that was fake and that was a national security issue. I would say we have more to worry about from the semiconductor industry than steel. Can Kamala Harris look at the big picture and find something real to address. How about the price of prescription drugs or homelessness or why we have $25 billion in uncollected taxes? Our manufacturing jobs are now in countries where they don't pay for pollution or worker safety. We are still waiting for the Biden administration to put up a comprehensive Read from source...

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Credit: Benzinga, September 26, 2024 8:19 AM, Amid Nippon-US Steel Debacle, Kamala Harris Stresses Importance Of US Steel Production, Even If It Means Job Losses: 'Critically Important, Not Only In Terms Of Our Economy, But Also In The Context Of National Security'

Author: Benzinga Neuro, Benzinga Staff Writer
Tags: Equities, M&A, News, Markets, General
Word Count: 657
Document Text:
Democratic presidential candidate Kamala Harris emphasized the importance of maintaining domestic control over steel production, even if it results in job losses.
What Happened: Harris stated during an interview with MSNBC, that keeping American manufacturing of steel by American workers is crucial.
"It's most important that we maintain America's ability to have American manufacturing of steel by American workers," Harris said.
"An American company manufacturing that steel for those new industries is going to be critically important, not only in terms of our economy, but also in the context of national security," Harris continued.
This comes in response to a proposed $14.1 billion deal for Nippon Steel Corp. NISTF to acquire United States Steel Corp. X. Harris highlighted her economic policy, which includes investing in sectors like bio-manufacturing, aerospace, AI, blockchain, and nuclear energy, all requiring domestic steel production.
U.S. Steel CEO David Burritt previously told the Wall Street Journal that the company might have to shut down plants and relocate its headquarters from Pittsburgh if the deal does not go through. However, Harris argued that American-made steel is vital for the economy and national security.
Harris’ comments are among the most detailed explanations from the Biden administration regarding their stance on the acquisition. She met with steel workers in Pittsburgh, whose union opposes the deal. An arbitration panel recently sided with U.S. Steel in a labor dispute related to the deal, but other hurdles remain, including a review by the Committee on Foreign Investment in the United States.
See Also: Data Scientist Who Called 2020 Election Correctly Says Its Gone From ‘Drastic Landslide In Trump’s Direction To A drastic landslide For Harris’
Image via Shutterstock
Why It Matters: The arbitration panel’s decision in favor of Nippon Steel Corp. was a significant development in the $14.9 billion acquisition of United States Steel Corp. The panel, selected by both the company and the United Steelworkers (USW) union, determined that U.S. Steel had met all conditions of the successorship clause in its labor agreement with

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