Trump: US steel industry should not be controlled by foreign capital

Trump opposes foreign companies controlling the US steel industry, mainly based on the following considerations:
Economic security: The steel industry is an important foundation of the US economy and is crucial to maintaining the competitiveness of the US manufacturing industry. Trump believes that foreign capital controlling the US steel industry may make the development direction of the US steel industry subject to foreign companies, which in turn affects the stability and autonomy of the US economy as a whole. For example, Trump is worried that the plan of Nippon Steel to acquire US Steel will affect the key decisions of the US steel industry by Japanese companies, which is not conducive to the economic security of the United States.
National security: Steel plays an indispensable role in the field of national defense. From weapons and equipment manufacturing to military infrastructure construction, steel is indispensable. Trump is worried that after foreign companies control the US steel industry, they may not be able to guarantee the supply and quality of steel needed by the US military in special periods, posing a potential threat to US national security. Therefore, he repeatedly blocked Nippon Steel from acquiring US Steel on the grounds of "national security".
Employment and political interests: The US steel industry employs a large number of workers, and related industries have also driven many jobs. Trump believes that foreign capital controlling the US steel industry may have an impact on these jobs and affect the livelihoods of workers. In addition, areas where the steel industry is concentrated are often politically key swing states, such as Pennsylvania, where the headquarters of U.S. Steel Corporation is located. Protecting the steel industry will help Trump win the support of voters in these areas and safeguard his own political interests.
Industrial competitiveness: Trump hopes to enhance the competitiveness of the U.S. steel industry through a series of tax incentives and tariff measures, making U.S. steel "strong and great again." He believes that foreign capital control may cause the U.S. steel industry to rely on foreign technology and management models, and fail to truly improve its own competitiveness. By restricting foreign investment, the U.S. steel industry can better upgrade and innovate its industry with the support of the government, and improve its competitiveness in the global market.