Trump signs executive order allowing Nippon to buy U.S. Steel | Metals Mine

  • Trump signs executive order allowing Nippon to buy U.S. Steel

    From post-gazette.com

    Nudging U.S. Steel’s sale to Nippon Steel a step closer to the finish line, President Donald Trump signed an executive order on Friday evening undoing the block that his predecessor put on the deal in January. The executive order says, essentially, that the $14.9 billion all-stock buyout of U.S. Steel Corp. by the Japanese company can proceed after the signing of a national security agreement that resolves the “credible evidence” that Nippon “might take action that threatens to impair the national security of the United States.” According to the document, the federal government gave a draft copy of such an ... (full story)

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axecap
Jun 14, 2025 2:27am
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Quoting atillaken
{quote} I do respect your idea, but please let's be honest. What Trump try to do and what Ueda did are totally different. If we talk about a JPY depreciation of %15 or even %20 in 5 year where there was no inflation ro max %1/year that can be acceptable. But %60 depreciation is something else. This part is weird and unaccaptable.
Japan took a different strategy to cope with inflation, I think saying he betrayed his people is a bit strong.
12 months from now, USD down 10% JPY up 20%.
My point is neither are intentionally "betraying" their nations, just following different strategies.who is right and who is wrong remains to be seen.
Japan is a net exporter, US is a net importer. Which one needs a stronger currency?
USD has much to fall and JPY has much to rise.
atillaken
Jun 13, 2025 8:46pm
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Now there may be some reason for JPY to get strong , even though Ueda continues to betray his nation and try to make JPY weaker and weaker.
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DwnUndrTrdr
Jun 13, 2025 8:45pm
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MJGA… I mean MAGA
axecap
Jun 13, 2025 11:47pm
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Quoting atillaken
Now there may be some reason for JPY to get strong , even though Ueda continues to betray his nation and try to make JPY weaker and weaker.
One of Trumps stated objectives is to lower the value of the USD. It is part of his economic "plan".
Its why he is deperate to get the fed to lower rates, so by your logic he too must be betraying his nation?
atillaken
Jun 14, 2025 2:17am
Permalink
Quoting axecap
{quote} One of Trumps stated objectives is to lower the value of the USD. It is part of his economic "plan". Its why he is deperate to get the fed to lower rates, so by your logic he too must be betraying his nation?
I do respect your idea, but please let's be honest. What Trump try to do and what Ueda did are totally different. If we talk about a JPY depreciation of %15 or even %20 in 5 year where there was no inflation ro max %1/year that can be acceptable. But %60 depreciation is something else. This part is weird and unaccaptable.
Reply
Trader#A306
Jun 14, 2025 4:55am
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TACO always chickens out.
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