The person who wields the knife blindfolded, does not care who the next knife will cut ......
After talking about serious current affairs and financial topics, it's time to change the taste of my comrades-in-arms today and talk about something that is easy to bring the nature of "eating melons". I am grateful to the White House and Japan, two "close allies", for providing material for this issue.
At the end of the year, a sensational acquisition attracted global attention, starring the largest steel companies in the United States and Japan: American Steel and Nippon Steel. Previously, Nippon Steel issued a statement saying that it would acquire U.S. Steel for $55 shares, with a total equity value of $14.1 billion. What's more, Nippon Steel does not engage in "equity replacement" and other fancy work, and all payments are made in cash, which can be described as full of sincerity.
Why is this acquisition so sensational?The reason is that the identities of these two protagonists are not ordinary, as an industrial giant with a life span of more than a century, American Steel Corporation once controlled 65% of the country's steel production at its peak, and even now it is a monopolist in the American steel market. Throughout its long history, it has long been a symbol of American industry and spirituality.
Nippon Steel is no slouch either, with its predecessor dating back to 1897 and a giant that has lived for more than a century. Through continuous mergers, Nippon Steel has long since become the largest steel company in Japan. If the acquisition is successful, Nippon Steel is expected to become the world's second largest steel group after China's Baowu Group.
The ideal is very plump, the reality is very backbone, and the White House came to the critical moment with a "big baa", and then waved a long knife and cut it over.
Help the little brother get in the right position
On December 21, local time, the White House publicly released a statement, and Lyle Brainard, director of the National Economic Council, said that the transaction would be handed over to the Committee on Foreign Investment in the United States for review, and the United States would be ready, wait for the results of the investigation, and take action at the appropriate time.
What's even more interesting is that the statement directly pointed out that U.S. Steel is related to the security of the United States' *** and ** chain, so it is necessary to investigate the acquisition of foreign entities, even the closest ally!Just this sentence immediately helped Nippon Steel and Nippon ** to put themselves in the right position: Let's get better, but don't forget that I'm the boss!
The White House takes special care of Nippon Steel, otherwise if you wait until you finish the acquisition and then come out and shout "click", Nippon Steel will not be able to find a place to cry. In this way, I am afraid that this deal will be lost, and Nippon Steel's idea of going further is considered to be in vain.
CFIUS, a "secretive" arm known for its closed investigations, has blocked acquisitions by Huawei and Ant Group in the United States. During Trump's tenure, he played this department very clearly, specifically to deal with Chinese investment in the United States. From 2016 to 2019, Chinese investment in the United States fell from a peak of $53 billion to $3.2 billion, and this sector played a key role.
Now it seems that Biden has also "gone crazy", and he doesn't care who the next knife will be cut on, just dance blindfolded. In fact, the incident itself is also a reflection of the current economic policy leaning of the White House.
"Safety is a basket, put everything in it"?!
It stands to reason that the Democratic Party's political philosophy should be a supporter of economic globalization, but judging from a series of events in recent years, this left-wing party has also begun to establish a new concept of "anti-globalization", which coincides with Trump's "America First" thinking.
Whenever the White House makes policy decisions that are difficult for ordinary people to understand, it always moves out of the big box of "security". It is forbidden to provide advanced chips to Huawei, for the sake of US security;Forced TikTok to liquidate all Chinese shares for the sake of U.S. securityEstablish a list of foreign entities to suppress Chinese tech companies for the sake of U.S. security ......
It seems that any policy can be launched in a grand manner as long as it is put on the cloak of American security. Raise an extreme flag, and the call must be answered by an even more extreme group of people. In such a group, whoever is more extreme is more politically correct, and such an irrational atmosphere will eventually make every subsequent decision absurd.
The fact that such anti-intellectual remarks can come out of the mouths of members of the US Congress is enough to prove the author's point. The sub-politicians in the White House and Congress are competing to see who is more extreme and who is tougher. In this way, the little brother Japan can be regarded as lying on the gun.
This incident has once again taught many Japanese companies a vivid lesson, the US market will become more and more difficult to mix, the United States will only coax sweetly when they need their investment, and when it is time to change ......face, the White House is not ambiguous at all
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