Biden’s Nippon Steel Fiasco
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Biden’s Nippon Steel Fiasco

Everyone knows the Trump-Biden election campaign is going to be nasty‚ brutish and not short enough‚ but the unknown is how much policy damage it will do. One unfolding example is the fiasco of self-destructive opposition to  Nippon Steel’s proposed acquisition of U.S. Steel. The American political consensus used to be that foreign investment is a sign of U.S. economic strength and a source of good-paying jobs. Protectionists focused on blocking imported goods that compete with...