US Steel’s $11 Billion Investment: A Test of America’s Industrial Sovereignty

In a world where China dominates global steel production and geopolitical tensions run high, the recent announcement by United States Steel (U.S. Steel) to invest $11 billion by 2028 is more than just corporate news—it is a pivotal moment for American industrial sovereignty. While the infusion of capital is promising, this transformation unfolds under the watchful eye of Nippon Steel, a foreign entity holding significant control after a nearly $15 billion acquisition.Is Foreign Ownership Compatible with American Interests?The deal that sealed this partnership granted the federal government a rare “golden share,” allowing it some oversight, including board appointment power. Yet,...