The Thoroughly Empty Critiques of Nippon/U.S. Steel

Opposition to the merger between U.S. Steel and Nippon Steel is amorphous, using any angle that seems most politically viable at the moment. The Biden Administration’s expected national security-based opposition to the merger is just the latest form opposition has taken. Rather than relying on changing justifications for government intervention, lawmakers should allow the Nippon merger to proceed and benefit the domestic steel industry, workers, and consumers alike.