In the 1980s, Americans were concerned about Japan's growing economic power. The conflict in the Pacific Theater remained in the collective memory of the American people, and many feared that we were feeding our mortal enemy.
This sentiment was captured in films such as Gung Ho (1986), Karate Kid II (1986), teenage mutant ninja turtles (1990), and Asahi (1993). At the time, “Die Hard'' was the only movie that portrayed the growth of Japan-U.S. relations in a positive light.1988), and here too CEO Nakatomi joked that the Japanese were “flexible” in their approach, saying, “It didn't work out at Pearl Harbor, so we had them prepare a tape deck.”
Japanphobia became exaggerated in the 1980s. In the 2020s that's just ridiculous.
But one element is alive and thriving in the form of concerns about Tokyo-based Nippon Steel's planned takeover of U.S. Steel, announced in December. intention to purchase The company will acquire the Pittsburgh-based company for $14.1 billion.
Nippon Steel is the number one steel manufacturer in Japan and the fourth largest steel manufacturer in the world. According to the paper, the company's annual production is 44 million tons, compared to U.S. Steel's 14.5 tons. world steel association. CCombining the two would put them in third place.
Source: 2023 World Steel in Figures by worldsteel.org.
With manufacturing facilities in Japan and 15 other countries, Nippon Still has a 40-year history of operating steel mills in the United States. Its regional headquarters are: houston. If the deal goes through, Nippon Steel's investment will allow American workers to make more steel in the United States to meet growing global demand.
The merger is controversial only because some politicians and trade union leaders are using the issue to create bad headlines for Japan. But union members themselves should support the deal, since the company already has a good relationship with the United Steelworkers (USW), and Nippon Steel has promised to keep its current pay package intact.
A Japanese company buying a US company is not the same as the Chinese Communist Party (CCP) buying it. Vast land near military baseplant cells psychological warfare Send sex spies onto college campuses Democratic Party member. While Japan is our friend, China has openly declared that it wants to dethrone us as a world superpower.
If Asian companies can do business with us, we don't need to do business with Chinese companies that ultimately feed the military power of the Chinese Communist Party. Indeed, now is the perfect time for the U.S. private sector to strategically strengthen relationships across the Pacific.
It is important to note that this agreement preserves steel manufacturing jobs in Pennsylvania. This is a result of President Trump's push to establish domestic bases. What resulted was Nippon Steel is investing in American companies with American workers to produce American steel to meet the growing demands of American consumers. If it is difficult to sell to America, foreign investors will have to buy to America.
Economic diplomacy is the best way to ensure that America and China actually do not destined for warBecause most Asians outside of China (and there are many in it) Rather, they would like America to remain the world's economic power. America is too far from Asia to have ambitions other than making money, but China has ambitions beyond that. I still have a chip from 600 years ago on my shoulder.a complex of unparalleled superiority and without the moral limitations of Greek, Jewish and Christian value systems.
For decades, Japan has been our ally and close trading partner. This kind of corporate merger wasn't terrible in his 1980s, and it certainly isn't now. Yippee ki yay!
Jared Whitley is an award-winning columnist and DC Politico who has worked in the U.S. Senate, White House, and defense industry. He obtained his MBA from Hult Business School in Dubai.
The views and opinions expressed in this commentary are those of the author and do not reflect the official position of The Daily Caller.