Adam Molon: US Steel Buyout By Japanese Company Is Major National Security Threat

Aired On: 10/9/2024

In a discussion between Peter Navarro and Adam Molon, the two explore the controversial acquisition of U.S. Steel by Napons Steel, a deal that they believe poses a national security risk and threatens American jobs. Molon emphasizes, "This is a deal that is bad for America,” as Napons Steel operates in China and has connections to China’s defense industry. U.S. steelworkers also oppose the deal, fearing job losses and uncertain pension benefits. Navarro recalls the impact of Trump’s steel tariffs in 2018, which revitalized U.S. steel plants and boosted investment. He warned that rolling back these tariffs, as Biden did, led to a flood of foreign steel imports, undermining American industry. Navarro concluded that if Trump regains office, he will prevent such takeovers and ensure American steel remains competitive, urging key battleground states to stay vigilant. Molon echoed these sentiments, praising the tariffs as "monumental achievements” for national security and American workers.