Donald Trump's stated intention to block the sale of U.S. Steel to the Japanese firm Nippon Steel Co. for $14.9 billion triggered howls of outrage, reported the Pittsburgh Tribune-Review — including from a number of steelworkers who backed Trump for president.“I am very frustrated with the news that...

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.

  • blazera@lemmy.worldEnglish
    197·
    19 days ago

    Man, media can really frame anything to get people to support it. Suddenly folks here love corporate mega mergers.

    • Zaktor@sopuli.xyzEnglish
      81·
      19 days ago

      Not just that, but a mega merger that Biden and Harris opposed! This isn’t a Democratic politics position. Or even something supported by the steel workers in general. It’s just some specific workers that were in the place that was supposed to get investment after the merger. The “haha, shoulda voted Democratic” reaction is deeply dumb.

    • MajorHavoc@programming.dev
      4·
      18 days ago

      Yeah. “We found a union member completely unaware that they’re absolutely statistically guaranteed to be fucked by this merger, who is also shocked that Trump doesn’t give a shit what any union member thinks.”