Read somewhere that it boosted Russian owned us steel mills somehow.
Given the degree of US sanctioning on Russia, I’m not clear what a “Russian owned US Steel Mill” is even supposed to look like.
I remember Japanese Manufacturer Nippon Steel is moving towards full acquisition of US Steel, the largest steel maker in the country. That has, at least in part, been driven by the threat of US tariffs. But this only further illustrates the problem. Foreign mega-corps gobbling up domestic industry do nothing to improve the US economy.
Given the degree of US sanctioning on Russia, I’m not clear what a “Russian owned US Steel Mill” is even supposed to look like.
I remember Japanese Manufacturer Nippon Steel is moving towards full acquisition of US Steel, the largest steel maker in the country. That has, at least in part, been driven by the threat of US tariffs. But this only further illustrates the problem. Foreign mega-corps gobbling up domestic industry do nothing to improve the US economy.