IT'LL ALL BE FOREIGN OWNED
Cleveland-Cliffs to shutter West Virginia tin plant and lay off 900 after tariff ruling
Cleveland-Cliffs announced Thursday that it is shutting down a northern West Virginia tin production facility indefinitely and plans to lay off 900 workers after the International Trade Commission voted against imposing tariffs on tin imports.
The trade commission ruled earlier this year that no anti-dumping and countervailing duties will be imposed on tin products from Canada, China and Germany because those imports do not sufficiently harm the U.S. steel industry. The U.S. Department of Commerce had determined those products were sold in the United States at less than fair value and subsidized by the Chinese government.
The trade commission also voted to stop a duty investigation into tin products shipped from South Korea.
This bad outcome requires better and stronger trade laws. We will continue to work tirelessly with our Congressional champions who fought with us in this case to improve the trade laws so that the American industry and our workers are not left behind.”
It never ceases to amaze me how other countries look out for their own interests, except for us.
I BELIEVE IT REALLY GOT CRANKED UP, AFTER WW2.
"WE" (THE USA) FELT SO BADLY ABOUT HOW "WE'D" DEMOLISHED JAPAN, THAT WE HELPED GET JAPAN BACK ON THEIR FEET BY GIVING THEM "OUR" RCA MANUFACTURING JOBS....ETC. ETC. ETC. DUH!!!
HOW MUCH OF THE USA WEALTH, IS ACTUALLY CREATED BY AMERICAN OWNED COMPANIES? JEEP? NOPE... NOT EVEN "OUR" ICONIC JEEP IS AMERICAN OWNED.
I'LL BE QUIET, NOW! LOL "WE" ARE DESTROYING OURSELVES. CHINA & JAPAN & GERMANY, ETC. ETC. ETC. , ARE HELPING US, IN THAT ENDEAVOR. "WE" ARE SO THANKFUL FOR THEM... AREN'T "WE"?
In 2023, Japan corporations bought over 200 companies in US for $36bn
In 2023, large Japanese corporations spent about $36bn to acquire companies in the United States – 30 percent more than in 2022, already causing political problems. A total of 222 American companies of various sizes were acquired, TASS reports.
One of the most significant events in this area was the announcement by the Japanese metallurgical giant Nippon Steel in December 2023 of its intention to buy the US Steel for $14.1bn. Moreover, the Japanese side expressed its readiness to repay the debt of the American company worth about $742m. Last year, large acquisitions of this kind were also made in the United States by the manufacturer of ready-made houses Sekisui House and the cosmetics giant Shiseido.