Nippon Steel takeover bid
Throughout the decades, many nations' industrial output has given way to China's manufacturing output.
US manufacturers continue to go bankrupt, yet fail to cede to outside bidders due to national security, even if it hurt them financially.
Meanwhile, outdated technology will claim more manufacturers in the US, as the US scrambles to increase manufacturers productivity and bottom line.
This episode of Economic Divide looks at the above in the context of Nippon Steel takeover of US Steel and its rejection by the Biden administration.
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