Japanese Corp. Trying to Buy U.S. Steel Has Manufacturing Plants Across China
The Japanese company trying to purchase the United States Steel Corporation has manufacturing bases in China. The revelation raises more national security concerns as President Joe Biden has yet to commit to blocking the acquisition.
As Breitbart News reported, executives with U.S. Steel and Nippon Steel Corporation announced the nearly $15 billion deal, which would have the iconic American steel giant sold off to the Japanese company.
The deal is significant as U.S. Steel, based in Pittsburgh, Pennsylvania, played a critical role in the nation’s “Arsenal of Democracy” during World War II, which ultimately saw the Allied powers defeat the Axis, which included Imperial Japan.
A letter sent to Biden officials from Sens. John Fetterman (D-PA), Bob Casey (D-PA), and Rep. Chris Deluzio (D-PA) notes that Nippon “has facilities in the People’s Republic of China, a foreign adversary of the U.S.”
Indeed, Nippon lists multiple “manufacturing bases” in China on its site, including in the cities of Suzhou and Wuhan. Elsewhere in Asia, Nippon has plants in Brunei, India, Indonesia, Thailand, and Vietnam.
Meanwhile, on Thursday, Biden economic adviser Lael Brainard said U.S. Steel’s sale to Nippon deserves “serious scrutiny” from the Committee on Foreign Investment in the United States (CFIUS), which Treasury Secretary Janet Yellen chairs.
“This looks like the type of transaction that the interagency committee on foreign investment Congress empowered and the Biden administration strengthened is set up to carefully investigate,” Brainard said. “This administration will be ready to look carefully at the findings of any such investigation and to act if appropriate.”
The United Steelworkers (USW) are lobbying lawmakers and the Biden administration to block the deal, saying they were not considered in negotiations and that foreign ownership of U.S. Steel puts their union workers’ contracts in peril.
“U.S. Steel has made it clear, time and again, that its first and only priority is short-term financial gain for shareholders, even if this comes at the expense of workers, their communities, and the nation’s lasting capacity to continue meeting its manufacturing needs,” USW President David McCall said.
John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here.
Report: Chinese-owned TikTok Refused Ads About Israeli Hostages
TikTok, the Chinese-owned social media company whose role in spreading anti-Israel and antisemitic propaganda has come under scrutiny, refused an ad promoting awareness of the plight of Israeli hostages held by Hamas, deeming the ad “too political.”
Fox News reported:
A few weeks after thousands of Hamas terrorists infiltrated Israel on October 7, murdering 1,200 people and brutally kidnapping some 240 individuals, including more than 30 children, the devastated families of those held hostage in the Gaza Strip launched a global campaign demanding their release.
With assistance from marketing and advertising professionals, the newly created Hostages and Missing Persons Forum in Israel turned to powerful social media platforms used by billions of people worldwide and asked to place paid advertisements to raise awareness of their plight.
Mostly short video clips depicting the lives of ordinary civilians and children held captive by a U.S.-designated terror organization, multiple ads were placed on Meta platforms Facebook and Instagram, but the Chinese-owned video-sharing app, TikTok, refused to accept any of them, deeming them “too political.”
TikTok denied the claims. However a recent study showed that TikTok viewers were likely to be influenced to hold more anti-Israel or antisemitic views.
TikTok has also been blamed for the poor knowledge of history demonstrated by many young pro-Palestinian activists, who appear to have learned about the conflict from viral TikTok videos.
Joel B. Pollak is Senior Editor-at-Large at Breitbart News and the host of Breitbart News Sunday on Sirius XM Patriot on Sunday evenings from 7 p.m. to 10 p.m. ET (4 p.m. to 7 p.m. PT). He is the author of the new biography, Rhoda: ‘Comrade Kadalie, You Are Out of Order’. He is also the author of the recent e-book, Neither Free nor Fair: The 2020 U.S. Presidential Election. He is a winner of the 2018 Robert Novak Journalism Alumni Fellowship. Follow him on Twitter at @joelpollak.
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