“There’s not a company in the U.S. that can domestically produce the high-end, electrical steel sheets for automobiles which we produce at our steel mills in Japan.”
“There’s not a company in the U.S. that can domestically produce the high-end, electrical steel sheets for automobiles which we produce at our steel mills in Japan.”
It’s also an awful geopolitical own goal. From abroad, blocking this will look like ‘a rule for thee and not for me’ - American companies acquire foreign companies all the time with little fanfare, that’s just capitalism, but this sort of nakedly xenophobic reaction to a company from one of the US’s closest allies coming in will really undermine America (and by extension the US-led liberal economic order) in the wider world.
Exactly.
Unfortunately though, it fits squarely into the “America First” rhetoric that is resonating with a lot of America.