Restoring America

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The bad economics behind Biden’s Nippon Steel opposition

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In December, Japanese steelmaker Nippon Steel offered to pay $15 billion for Pittsburgh-based U.S. Steel. A new report first obtained by the Washington Examiner shows that the deal will revitalize American manufacturing, save jobs, and help our steel industry compete with that of China.

Despite these clear benefits, President Joe Biden has said he will block the deal. Here are three reasons why Biden’s opposition is based in politics, not reality.

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