The Fight Over U.S. Steel and the Community Caught in the Middle

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The Wall Street Journal

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🗓️ 12 September 2024

⏱️ 20 minutes

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Summary

President Biden, Vice President Harris and former President Trump have all signaled their opposition to the planned sale of U.S. Steel to Japan’s Nippon Steel. But, as Kris Maher reports, views on the deal are more complex in the place it could matter most: Pittsburgh. Further Listening: -Why China Is Risking a Trade War Further Reading: -Biden Prepares to Block $14 Billion Steel Deal -Japan Bid for U.S. Steel Runs Up Against U.S. Politics Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	In this presidential election, the two candidates have rarely found common ground.
0:10.0	But as our colleague Chris Maher reports, there is one issue that unites them.
0:15.4	Yeah, so it's pretty funny. I mean, I think there's almost nothing that these two
0:20.3	candidates agree on in terms of policy right now.
0:24.0	But oddly enough there is one issue that Kamla Harris and Donald Trump agree on.
0:29.8	And it has to do with this company in Pittsburgh.
0:32.9	And what company is that?
0:34.4	So the company I'm talking about is US Steel.
0:39.1	US Steel.
0:40.3	US Steel.
0:41.3	iconic Pittsburgh-based company US Steel. U.S. Steel. I iconic Pittsburgh-based company, U.S. Steel.
0:44.0	President Biden is preparing to block the sale of U.S. Steel to a Japanese company.
0:49.0	Kamla Harris and Donald Trump are both against this deal which is selling US
0:53.4	deal to a Japanese steelmaker for billions of dollars.
0:56.5	President Biden actually came out and said that he would block the deal.
0:59.3	American owned American operated by American Union steel workers the best in the world and that's going to happen I promise you. U.S. Steel, the Storied American Company, has struck a deal with an overseas
1:17.8	buyer, a deal national politicians have united against. But in Pittsburgh, Pennsylvania and surrounding towns, the home of US Steel?
1:27.0	There's actually a disconnect between what the national candidates are saying and what some of the local elected officials are saying in and around Pittsburgh when it comes to this US deal deal
1:37.7	When I spoke to people on the ground here
1:40.9	local politicians workers people who live in these towns, it's a much more
1:45.6	fraud and complex issue.
1:48.5	How would you feel if the, if Biden did come out and block a deal?
	...

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