This is a tough one. On one hand, you want to save American jobs but on the other, America continues to be bought out by foreign investors. At least it’s Japan but I wished it was a Japan/USA joint venture investing together maybe (only to be eventually fully bought out by Japan later, unfortunately)….
Understood. But Japan isn't an adversary, they're barely a competitor. This speaks volumes to the US wanting to become more isolationist because Nippon is willing to overvalue a company just to maintain a good standing with our commercial partners. And not all revenue generated would be capital flight out of the country. It's similar to how car manufacturers manufacture here to avoid tariffs and such. This is a net positive, especially for a part of the country that's continuing a slow 50 year decline.
Good points and good analogy.
No doubt. Definitely some things you want to protect, strategic industries and such which you can argue steel is one because we don't want to import it if we can help it, but given that we aren't a major steel manufacturer anymore and this manufacturer is in the ironically named rust belt, it's a net positive.
I'm ashamed to call myself an american .
