Japanese company Nippon Steel’s plan to purchase US Steel was bound to provoke a strong reaction from left- and right-wing economic nationalists. After all, US Steel was once the world’s largest company, and it was the first company to be valued at over a billion dollars. US Steel was thus a symbol of America’s economic dominance. So it was not surprising that Nippon Steel’s purchase of US Steel was blocked by both the Biden and Trump administrations. This was disappointing — especially since...
