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, conservative economists are rallying behind the deal to stave off possible retaliation and tariffs.have argued the deal is great for the United States, will keep U.S. manufacturing jobs, and will expand steel production.
Late last year, Nippon offered $15 billion for U.S. Steel. To prove it was a friendly deal, it offered to move its headquarters from Japan to Pittsburgh. The deal is still awaiting the Biden administration’s OK. For example, shareholders stand to lose at least $4 billion if the deal fails. In its offer, Nippon said it would pay 40% above the value of USS. And the firm plans to invest heavily in USS.
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