Why Harris, Trump oppose US Steel sale to foreign company
Vice President Harris and former President Trump find common ground in their belief that U.S. Steel (X) should remain American-owned. In December, Japanese-owned Nippon Steel (NPSCY, 5401.T) agreed to acquire US Steel for $15 billion. As the election unfolds, Barron's Associate Editor Al Root joins to discuss the outlook for US Steel. Root suggests that the candidates' focus on US Steel could be a strategic move to win over the swing state of Pennsylvania. He notes that currently, the race is "a toss-up" between the candidates, and Pennsylvania could potentially "swing the entire election." "It's all politics. You should just call it what it is," he tells Yahoo Finance. Root goes on to break down why both candidates oppose Japan's Nippon Steel deal despite describing it as "a good deal." For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Angel Smith
