Donald Trump and Kamala Harris have both said that if elected president, they will block Nippon Steel’s planned, $14.9 billion acquisition of U.S. Steel. They’re not being leaders.
Forget for a second how odd it is that would-be presidents apparently have the power to run roughshod over the desires and private property rights of U.S. Steel shareholders, and forget how odd it is that a Republican plans to substitute his viewpoint for that of the marketplace. Then stop and think about why Trump and Harris are doing what they’re doing.
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