• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Trump says U.S. will double steel tariffs to 50%

Who is responsible for the older equipment?

US Steel is a publicly traded company. This means the board of directors must answer every quarter to shareholders who don't give a damn about long-term goals, the product, the company's challenges and difficulties, the employees, or the customers. All they care about is getting their quarterly dividend. This has caused the company to be short-sighted and here we are.
 
Trump and U.S. Steel have described the deal as a merger in which U.S. Steel will become a wholly owned subsidiary of Nippon’s North America arm.

This is the definition of subsidiary that applies in this case. "A company controlled by a holding company."

So, Trump and U.S. Steel are in agreement.

U.S, Steel will be controlled by Nippon, a Japanese company.
 
You must log in or register to reply here.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more…